Mortgage servicers continue to look for ways to manage labor and vendor costs while complying with the various servicing regulations. Department of Justice settlements and Consumer Financial Protection Bureau (CFPB) Servicing Rules have outlined more detailed expectations around establishing, maintaining and verifying the content of the collateral document file—especially as servicers sell/transfer Mortgage Servicing Rights (MSRs) and prepare to foreclose.
Focus on Lender Compliance
First American Mortgage Solutions offers a full suite of end-to-end solutions to support lender compliance, reduce labor costs and decrease readiness timelines. These solutions, including mortgage and title policy retrieval, assignment chain verification reporting, assignment preparation and recording, resolution services and replacement title policies, leverage First American’s proprietary data and image repository and core expertise in title insurance.
Learn more about our solutions below.