First American Data & Analytics’ FraudGuard® Solution Integration with Vesta Powers Seamless Fraud Detection and Decisioning
Vesta, the modern LOS, integrates with FraudGuard solution to offer automated fraud detection and decisioning supporting end-to-end digital fulfillment
October 5, 2022, Santa Ana, Calif. and San Francisco
First American Data & Analytics, a leading national provider of property-centric information, risk management and valuation solutions and a division of First American Financial Corporation (NYSE: FAF), and Vesta, the modern mortgage loan origination system (LOS) and software-as-a-service company, today announced an integration between First American Data & Analytics’ FraudGuard solution, a leading fraud detection and decisioning tool that leverages public, private and proprietary data sources to help lenders identify risk and assess overall loan quality, and Vesta’s LOS.
Vesta’s next-generation LOS is built from the ground up to allow lenders to automate as much of their mortgage processing as possible using the system’s no-code workflow and decisioning engine. The integration allows lenders of any size to easily leverage the FraudGuard solution via Vesta’s open, cloud-native API’s that enable seamless integrations.
“This collaboration between Vesta and the First American FraudGuard solution’s robust risk mitigation offerings will yield meaningful efficiency gains for our lenders, providing them with a foundation to create better borrower experiences. Incorporating the FraudGuard solution’s capabilities into our advanced LOS is an exciting expansion of our relationship with First American,” said Mike Yu, Vesta CEO.
The seamless integration was built with lender efficiency in mind. It offers the ability to clear the alerts directly in the LOS and automatically returns the fraud risk report into Vesta’s document repository, allowing processors and underwriters to interact with data from the FraudGuard report, while remaining in the Vesta platform.
“Integrating our FraudGuard solution with Vesta’s platform delivers actionable fraud risk insight that will help lenders save time, reduce costs and increase operational efficiencies while delivering a seamless experience, and reflects our commitment to help lenders with their pursuit of end-to-end digital automation,” said Paul W. Harris, General Manager, Mortgage Analytics for First American Data & Analytics.
Vesta is a SaaS provider of mortgage loan origination software. The platform provides lenders with a modern system of record, and customizable workflows for an end-to-end mortgage loan fulfillment process. Headquartered in San Francisco, CA, the company was founded by early Blend employees Mike Yu and Devon Yang in 2020. Investors backing Vesta include: Andreessen Horowitz, Bain Capital Ventures, Conversion Capital, Index Ventures and Zigg Capital. For more information, visit: www.usevesta.com, or Vesta’s LinkedIn.
About First American Data & Analytics
First American Data & Analytics, a division of First American Financial Corporation, is a leading national provider of property-centric information, risk management and valuation solutions. First American maintains and curates the industry’s largest property and ownership dataset that includes more than 7.5 billion document images. Its major platforms and products include: DataTree®, FraudGuard®, RegsData®, First American TaxSource™ and ACI®. Find out more about how First American Data & Analytics powers the real estate, mortgage and title settlement services industries with advanced decisioning solutions at www.FirstAmDNA.com.
About First American
First American Financial Corporation (NYSE: FAF) is a premier provider of title, settlement and risk solutions for real estate transactions. With its combination of financial strength and stability built over more than 130 years, innovative proprietary technologies, and unmatched data assets, the company is leading the digital transformation of its industry. First American also provides data products to the title industry and other third parties; valuation products and services; mortgage subservicing; home warranty products; banking, trust and wealth management services; and other related products and services. With total revenue of $9.2 billion in 2021, the company offers its products and services directly and through its agents throughout the United States and abroad. In 2022, First American was named one of the 100 Best Companies to Work For by Great Place to Work® and Fortune Magazine for the seventh consecutive year. More information about the company can be found at www.firstam.com.