First American Launches New Suite of eClosing Services
The First American Corporation (NYSE:FAF) , America’s largest provider of business information, has recently announced the expansion of its eClosing technology offerings to help lenders and settlement agents further streamline the closing process.
The eClosing Services suite helps lenders and settlement agents jointly deliver the efficient, high-quality experience today’s borrowers expect from their real estate transactions, increasing accuracy and reducing the cost and cycle time associated with pre- and post-closing activities.
Providing the foundation for the creation of an electronic mortgage, eClosing Services is an integrated set of capabilities that enables data and documents to be shared electronically between all participants throughout the closing process and provides the ability to sign or acknowledge documents electronically. In addition, the solution enables electronic asset delivery to investors and all documents can be stored in the First American eVault.
eClosing Services is powered by First American Web Services, an integrated and open architecture whose capabilities ensure compatibility with all loan types, investor solutions, settlement technology and business service platforms. Like all First American technologies, eClosing Services complies with the Mortgage Industry Standards Maintenance Organization (MISMO) standards that are designed to foster the most rapid, least costly and widest possible adoption.
First American will be onsite at the MBA’s National Technology in Mortgage Banking Conference & Expo, March 25-28, 2007, at the Tampa Convention Center. To learn more about First American’s complete menu of industry-leading technology solutions, please visit booth #600 or call (800) 508-8733.
About First American
The First American Corporation (NYSE:FAF) , a FORTUNE 500(R) company that traces its history to 1889, is America’s largest provider of business information. First American combines advanced analytics with its vast data resources to supply businesses and consumers with valuable information products to support the major economic events of people’s lives, such as getting a job, renting an apartment, buying a car or house, securing a mortgage and opening or buying a business. The First American Family of Companies, many of which command leading market share positions in their respective industries, operate within five primary business segments, including: Title Insurance and Services, Specialty Insurance, Mortgage Information, Property Information and First Advantage. With revenues of $8.5 billion in 2006, First American has approximately 2,100 offices throughout the United States and abroad. More information about the company and an archive of its press releases can be found at www.firstam.com.