—Featuring dynamic data collection, QC and delivery capabilities for appraisal modernization—

SANTA ANA, Calif.--(BUSINESS WIRE)-- First American Mortgage Solutions, LLC, a part of the First American family of companies, today announced enhancements to its collateral inspection services with innovative mobile-enabled technology.

“Valuations, like all other aspects of the mortgage lifecycle, are becoming increasingly modernized and technology-driven,” said Kevin Wall, president at First American Mortgage Solutions. “With our enhanced mobile and data delivery capabilities, we’re helping lenders and valuation professionals stay ahead of the changes and evolving inspection landscape.”

The company’s comprehensive collateral inspection services now include:

• New mobile inspection application - The new application offers enhanced mobile data capture, image and sketch options with an intuitive workflow that delivers dynamic data collection. The application works with multiple products in a collaborative environment.
• New collateral inspection portal - The portal connects appraisers and inspectors to AMCs, lenders and investors, enabling efficient collaboration and data delivery. The technology allows quality control to take place much earlier in the inspection process, resulting in efficiency gains for lenders and an improved consumer experience.
• Trained, vetted national staff and panel inspection services – First American Mortgage Solutions’ staff and panel are trained to use the latest technologies to deliver the evolving types of inspections as a result of appraisal modernization.

“This investment in technology further strengthens our decades of inspection experience by continuing to reduce turn-times, improve the customer experience and enhance quality. We’re 'inspection ready' for all of our customer needs,” added Wall.

For more information, visit firstam.us/collateralinspections. Call 1-800-333-4510 to schedule a private demonstration at the CRN & Val Expo East conferences, March 18-20 in Chicago.

About First American Mortgage Solutions

First American Mortgage Solutions, a part of the First American family of companies, provides comprehensive solutions for residential lenders and servicers covering the entire loan spectrum, including complete products, microservices and application programming interfaces (APIs). First American Mortgage Solutions, together with First American’s broader capabilities, serves as a single source for title and settlement, home equity, data and analytics, fraud and verification, regulatory compliance, valuation and collateral risk, post-closing and default services. More information about First American Mortgage Solutions can be found at https://www.firstam.com/mortgagesolutions.

About First American

First American Financial Corporation (NYSE: FAF) is a leading provider of title insurance, settlement services and risk solutions for real estate transactions that traces its heritage back to 1889. First American also provides title plant management services; title and other real property records and images; valuation products and services; home warranty products; property and casualty insurance; banking, trust and wealth management services; and other related products and services. With total revenue of $5.7 billion in 2018, the company offers its products and services directly and through its agents throughout the United States and abroad. In 2019, First American was named to the Fortune 100 Best Companies to Work For^® list for the fourth consecutive year. More information about the company can be found at www.firstam.com.

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Media Contact:
Marcus Ginnaty
Corporate Communications
First American Financial Corporation
(714) 250-3298

Investor Contact:
Craig Barberio
Investor Relations
First American Financial Corporation
(714) 250-5214

Source: First American Financial Corporation