—Empowers mortgage lenders to confidently meet legal and investor
requirements—
SANTA ANA, Calif.–(BUSINESS WIRE)–First
American Mortgage Solutions, LLC, a part of the First American
family of companies, today announced the launch of its RegsData™
Compliance Suite, a comprehensive and flexible loan-level solution
for managing compliance risk earlier in the mortgage application,
increasing efficiency, while reducing risk and costs.
Built for mortgage lenders and servicers, investors, auditors, due
diligence and quality control providers, RegsData Compliance
Suite delivers bundled compliance reports or individual tests as
application programming interfaces (APIs) for easy integration at any
point along the loan lifecycle. It incorporates First American Mortgage
Solutions’ automated regulatory compliance product, formerly known as
PredProtect, and features:
-
RegsData Report – Runs numerous federal, state and local
jurisdictional compliance checks for QM, TRID, HOEPA and other
compliance tests on loans in real-time and alerts users to any
potential violations so corrections can be made promptly. -
RegsData APIs – All component parts of the RegsData Report can
be pulled using APIs through the First American Mortgage Solutions’
Digital Gateway to meet custom integration needs. -
Third Party Review and Monitoring – Comprehensive counterparty
oversight and management with 24/7 monitoring of watchlists and
licenses.
“RegsData Suite is flexible and can be customized to fit the varied
needs of our customers, including how it is consumed, the features it
offers and its ability to manage workflow. Our extensive critical
regulatory tests, which are independently certified by outside legal
counsel at state and local levels, empower our customers to manage
compliance risk with confidence,” said Kevin Wall, president of First
American Mortgage Solutions.
For more information, visit firstam.us/regsdata. Call 1-800-333-4510 to
schedule a private demonstration at MBA’s Legal Issues & Regulatory
Compliance Conference, May 5-8 in New Orleans.
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.
Contacts
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
