First American Mortgage Solutions Launches eClosing Solution
Pilot tests of the eClosing solution are underway with key customers
October 15, 2018, Santa Ana, Calif.
First American Mortgage Solutions, LLC, a part of the First American family of companies, today announced the launch of its eClosing solution, designed to securely deliver digital settlement for digital mortgage. Pilot tests of the eClosing solution, which integrates technology from industry-leading providers Snapdocs and Nexsys, are underway with key customers. The platform is part of First American Mortgage Solutions’ efforts to help lenders manage the complicated eClosing process, while enhancing the digital mortgage experience for consumers.
“We’re committed to protecting the integrity of real estate transactions, whether they are closed with wet ink or an eSignature. Our eClosing solution will enhance the consumer experience and increase efficiency, while reducing risk and operational errors,” said Kevin Wall, president of First American Mortgage Solutions. “It is designed to help lenders accelerate the adoption of digital mortgage, while providing both lenders and consumers confidence that the digital settlement process is facilitated by one of the industry’s leading title and settlement providers.”
First American Mortgage Solution’s eClosing solution will include a mobile-friendly interface, consumer document preview, mobile notary digital scheduling, consumer appointment confirmation, eSignatures for hybrid eClosings and remote online notarization (RON) capabilities where approved for fully digital eClosings. For RON eClosings, the solution will also manage “eVault-ready” loan documents, including fully executed eNotes, ready to support a lender’s MERS eRegistry and eVaulting workflows.
To see a demo of the eClosing solution and other First American Mortgage Solutions’ innovations, stop by the company’s hospitality suite at the Walter E. Washington Convention Center, Level 1 Room 151A. Showtimes are 8 a.m., 1 p.m. and 4 p.m. ET on Monday, October 15; and 8 a.m. and 1 p.m. ET on Tuesday, October 16—or schedule a private showing. For more information, visit https://firstam.us/digitalmortgage.
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; banking, trust and wealth management services; and other related products and services. With total revenue of $5.8 billion in 2017, the company offers its products and services directly and through its agents throughout the United States and abroad. In 2018, First American was named to the Fortune 100 Best Companies to Work For® list for the third consecutive year. More information about the company can be found at www.firstam.com.