First American Mortgage Solutions Unveils API Gateway to Simplify and Accelerate Digital Lending
Gateway speeds up digital transformation by providing a single platform for lenders and fintechs to access numerous First American data sets and services
October 23, 2017, Santa Ana, Calif.
First American Mortgage Solutions, LLC, a part of the First American family of companies, today unveiled its Digital Gateway to help simplify and accelerate mortgage lending. This interactive, modern platform enables lenders and fintechs to achieve digital transformation more quickly by levering First American’s application programming interfaces (APIs) for data and services.
“We’re providing a virtual key to unlock First American’s universe of data assets and services in their raw form to help lenders deliver a better, modern online mortgage experience,” said Kevin Wall, president of First American Mortgage Solutions. “By reimagining the digital loan process, it opens the door to innovation across the loan lifecycle.”
Application developers from lending organizations, loan origination system (LOS) providers, fintech companies and Point-of-Sale (POS) solutions can obtain and configure data and services on demand, when and how they need them. First American Mortgage Solutions’ Digital Gateway features flexible architecture and a single platform to access APIs, which can be repurposed to create loan process efficiencies. Examples include loan application pre-population, custom workflows and automated data validations.
The initial First American solutions available as standalone services include granular data for identity, occupancy, property, liens and judgements, and ownership. Coming soon is transparency into major milestones in the fulfillment of services, such as status updates on appraisals and title and settlement, followed by compliance and vendor management.
“We’re dramatically reducing the time it takes to integrate with our data and services,” added Wall. “First American is the only data provider to offer APIs spanning the entire mortgage spectrum, from application to closing. By going directly to the source, lenders can implement their digital mortgage strategies faster to gain competitive advantage.”
For more information, visit here or see a demonstration at First American Data & Mortgage Solutions’ hospitality suite in the Denver Convention Center, Second Floor, Room 201, during the MBA’s Annual Convention & Expo, October 22-25, 2017.
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. First American Mortgage Solutions, together with First American’s broader capabilities, serves as a single source for title and settlement, data and analytics, fraud and verification, regulatory compliance, valuation and collateral risk, quality control, fulfillment services, 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; and banking, trust and investment advisory services. With total revenue of $5.6 billion in 2016, the company offers its products and services directly and through its agents throughout the United States and abroad. In 2016 and again in 2017, First American was named to the Fortune 100 Best Companies to Work For® list. More information about the company can be found at www.firstam.com.