First American Mortgage Solutions Launches Xtent™
October 24 2019 - 12:15PM
Business Wire
—Unique title data solution modernizes risk
decisions, streamlines loan review—
First American Mortgage Solutions, LLC, a part of the First
American family of companies, today launched Xtent™, a configurable
data solution with instant property and borrower analytics, powered
by First American’s leading title data. This unique offering for
lenders and servicers streamlines the review process, creates
efficiencies and identifies risk.
Xtent can be delivered via multiple channels, including an
integration into existing tech stacks through an application
programming interface (API). It’s also available as data-only,
excel/CSV or PDF reports. It includes an at-a-glance summary with
actionable alerts and analytics that indicates loan data
inconsistencies which may need further review. This allows lenders
and servicers to assess marketing candidates, commence origination
of a new loan, define preemptive account management strategies or
facilitate MSR transactions.
“Xtent will empower lenders and servicers to identify and match
relevant data to the corresponding risk decisions,” said Kevin
Wall, president of First American Mortgage Solutions. “Instead of
combing through multiple reports to find the right information,
clients can have everything delivered in one customizable
solution.”
Xtent provides access to over 30 configurable data sources from
which a client can select to include or exclude, such as title and
lien information, ownership and occupancy, detailed property
information, borrower financial/fraud risk and compliance risk
alerts.
By leveraging advanced artificial intelligence and
machine-learning technology, combined with First American’s leading
title information repository and dozens of additional data sources,
Xtent creates the most comprehensive property data solution in the
mortgage industry.
“With Xtent, the unique combination of property and borrower
information can be assessed at first look, helping to reduce costs,
identify portfolio characteristics, and streamline the entire loan
review process, so lenders can make risk decisions with ease,
efficiency and certainty,” said Wall.
To see an interactive demo of Xtent, please join us at the First
American Mortgage Solutions hospitality suite at the Austin
Convention Center, Level 3 Room 8A-C Monday, October 28 from 7:30
a.m. - 6 p.m. and Tuesday, October 29 from 7:30 a.m. - 4 p.m.
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, including complete products, microservices and
application programming interfaces (APIs). First American Mortgage
Solutions, together with First American’s broader capabilities,
serves as a single source for title and settlement, home equity,
data and analytics, fraud and verification, regulatory compliance,
valuation and collateral risk, post-closing 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 $5.7 billion in 2018, the company offers its products
and services directly and through its agents throughout the United
States and abroad. In 2019, First American was named to the Fortune
100 Best Companies to Work For® list for the fourth consecutive
year. More information about the company can be found at
www.firstam.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20191024005668/en/
Media Contact: Marcus Ginnaty Corporate Communications
First American Financial Corporation (714) 250-3298
Investor Contact: Craig Barberio Investor Relations First
American Financial Corporation (714) 250-5214
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