First American Title Insurance Company Introduces Mortgage Services Division
—New Division Provides Title, Settlement and Valuation Solutions for Residential Originators—
September 13, 2010, SANTA ANA, Calif.
First American Title Insurance Company today announced the launch of its new Mortgage Services division, which is designed to address the title, settlement and valuation needs of residential originators with national retail platforms.
First American Title’s Mortgage Services division supports many of the nation’s largest financial institutions in pursuing a national strategy for residential origination that focuses on speed, efficiency, customer satisfaction and cost reduction by providing custom closing solutions, leveraging the strength of a national underwriter, applying proprietary technology and tapping into the extensive resources available within the First American family of companies.
First American Title’s Mortgage Services division will replace two legacy divisions of First American Title Insurance Company: National Lenders Advantage and Equity Loan Services, both of which have been collectively serving the residential lending market since 1983. Over the next year, all National Lender Advantage and Equity Loan Services operations and technologies will transition to First American Title’s Mortgage Services division.
In addition to a business strategy focused on the distinct objectives of each residential originator, Pat McLaughlin, division manager of First American Title’s Mortgage Services division, said: “First American understands that mortgage originators need more than a central point of contact to be competitive in a volatile market. We’ve listened closely to our clients and invested in the technology, personnel and infrastructure that our organization needs to support complex relationships with top national lenders. Our newly formed division better represents us as an innovative company with the capacity and experience to successfully deploy cost- and risk-reduction solutions for the mortgage industry.”
Robert Camerota, head of division operations of First American Title’s Mortgage Services division, adds: “Service is not only one of our core values, it’s also what separates First American Title Insurance Company’s Mortgage Services division from other providers. Because we recognize that every touch-point throughout the mortgage closing process is important, our employees are committed to delivering a superior experience on every transaction for both the mortgage lender and their customers.”
About First American Mortgage Services
First American Mortgage Services, a division of First American Title Insurance Company, is a leading provider of origination solutions and the primary source of national title insurance, settlement and valuation services for residential retail loan originators. Since 1983, First American’s national divisions serving residential originators have successfully supplied products and services that have assisted in closing more than 1 million mortgages nationwide and have led the development of proprietary technology to innovate the settlement process. This national division currently has active relationships with the top 10 residential retail originators. More information about the division’s residential origination solutions can be accessed on its website at www.famortgageservices.com.
About First American Title Insurance Company
First American Title Insurance Company, the largest subsidiary of First American Financial Corporation (NYSE: FAF), traces its history to 1889. One of the largest title insurers in the nation, the company offers title services through its direct operations and an extensive network of agents throughout the United States and abroad. The company has its headquarters in Santa Ana, Calif. Information about First American Financial Corporation’s subsidiaries and an archive of its press releases can be found on the Internet at www.firstam.com.