First American Mortgage Solutions, LLC, a subsidiary of First American Financial Corporation (NYSE: FAF) and leading provider of comprehensive solutions covering the entire residential loan spectrum, has introduced CleanFile Solutions™ to give mortgage lenders, servicers and investors complete confidence in the quality of their collateral files. Through this offering, clients can rely on the industry’s leading recorded document repository and title experts to handle the meticulous and important task of identifying and curing imperfections, thereby mitigating risk and creating efficiencies.
CleanFile Solutions combines post-closing document management, loan quality control, file perfection, lien release preparation and recording in a single, vertically integrated suite. Features include document retrieval and retention, imaging, assignment preparation, title policy retrieval and replacement. Clients can leverage CleanFile Solutions to complete any phase of the loan perfection process, as well as navigate stringent regulatory requirements.
CleanFile Solutions is powered by the company’s unmatched real estate document repository, third-party-validated commitment to quality and deep mortgage expertise. The offering also benefits from the expertise and resources acquired through First American’s 2016 purchase of TD Service Financial Corp., a provider of post-closing and document management services, along with its subsidiary Security Connections, Inc.
“CleanFile Solutions provides lenders and servicers with a unique set of post-closing capabilities combined with the confidence of working with First American. We now have the ability to close loan perfection gaps and complete collateral files at whatever scale needed,” said Kevin Wall, president of First American Mortgage Solutions. “The more we can do for our lender and servicer clients to help achieve total loan quality, regulatory compliance and file perfection, the more they can focus on driving productivity and consumer satisfaction.”
For more information, visit http://firstam.us/cleanfilesolutions or stop by First American’s booth #704 at the MBA’s National Mortgage Servicing Conference & Expo, February 14-17, 2017, in Dallas.
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 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; and banking, trust and investment advisory services. With revenues of $5.6 billion in 2016, the company offers its products and services directly and through its agents throughout the United States and abroad. In 2016, First American was recognized by Fortune® magazine as one of the 100 best companies to work for in America. More information about the company can be found at www.firstam.com.
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