Collateral File Perfection

File PerfectionKeeping collateral files “perfect” while completing the post-closing process, preparing for Mortgage Servicing Rights (MSR) trades and managing defaulted loans is often a difficult task to manage. It’s important for lenders to work with a top mortgage expert like First American Mortgage Solutions to help perfect their collateral files.

The CleanFile SolutionsTM suite of post-closing and loan servicing collateral file management tools gives you the ability to close gaps, address critical timelines in the post-closing process, and the ability to apply our capabilities comprehensively – at organizational scale.

Collateral file perfection occurs at several points in the lending and servicing process:

  • Receipt of the original closing package
  • Receipt of the trailing documents
  • Initiation and completion of servicing transfer
  • Iinitiation of default action
  • Loan payoff

Cure and perfect your collateral files with greater ease, effectiveness and confidence — with a trusted single resource.

First American Mortgage Solutions offers turnkey solutions or standalone services that can fit your existing operational processes.

Settlement Package & Trailing Document Management

  • Digital Imaging & Indexing
  • Document Tracking & Retrieval
  • Data Capture
  • Quality Control
  • Document Retention
  • Investor/Custodian Delivery
  • Secured Online Access & Reporting
  • Registry Services

Accommodation Recording

    • E-Recording & land recording of loan documents
    • Monitoring for return of recorded document
    • Imaging services

Tiered Recorded Document Retrieval

  • Tier 1 – Document repository
  • Tier 2 – Online search
  • Tier 3 – Abstractor search

Third-party Research & Resolution

  • Locate third-party assignor & resolve break in chain

Assignment Services

  • Preparation, execution, recording

Substitution of Trustee Services

  • First American Trustee Services provides lien release preparation & execution in trustee states; substitution of trustee document included

At First American Mortgage Solutions, we can provide more certainty to your collateral file perfection process with direct access to the data; convenience with superior depth and breadth of our offering; and confidence through our unrivaled expertise in the post-closing and servicing space.

Contact us today. It only takes one conversation to spark new ideas.

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