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, 2016, in Dallas.