First American Mortgage Solutions Does First-Of-Its-Kind Title And Settlement Integration With ICE
First American Mortgage Solutions LLC, a part of the First American family of companies, has launched a new integration with ICE Mortgage Technology, part of Intercontinental Exchange, Inc. (NYSE: ICE), a provider of data, technology and market infrastructure. First American is the first title and settlement provider to offer automated service ordering through ICE Mortgage Technology’s Encompass platform enabling lenders to have a more streamlined, automated title and settlement ordering experience.
The new integration enables a loan officer, loan processor, and First American’s title representative to communicate in real-time throughout the transaction, increasing efficiency and reducing time to close. Additionally, documents are automatically placed in the appropriate order’s e-folder, further reducing tasks for the loan processor throughout the title and settlement process.
“Our enhanced title and settlement integration with the Encompass platform reflects First American’s commitment to helping lenders close more high-quality, saleable loans faster, while optimizing workflow and delivering exceptional customer experiences,” said Todd McGowan, division president, First American Mortgage Solutions. “Beta users have confirmed the integration provides an intuitive, seamless lender experience and a streamlined workflow that increases efficiency.”
In addition to title and settlement services, First American has a full suite of solutions integrated into the ICE Mortgage Technology’s Encompass platform, including its risk identification tool, FraudGuard, as well as its title rate and fee calculator, home equity services, valuation services, document generation solutions and eClosing options.
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