First American Introduces Mortgage Services Division
September 14, 2010
First American Title Insurance Co. announced the launch of its new Mortgage Services division, which is designed to address the title, settlement and valuation needs of residential originators with national retail platforms.
First American Title's Mortgage Services division supports many of the nation's largest financial institutions in pursuing a national strategy for residential origination that focuses on speed, efficiency, customer satisfaction and cost reduction by providing custom closing solutions, leveraging the strength of a national underwriter, applying proprietary technology and tapping into the extensive resources available within the First American family of companies.
First American Title's Mortgage Services division will replace two legacy divisions of First American Title Insurance Company: National Lenders Advantage and Equity Loan Services, both of which have been collectively serving the residential lending market since 1983. Over the next year, all National Lenders Advantage and Equity Loan Services operations and technologies will transition to First American Title's Mortgage Services division.
In addition to a business strategy focused on the distinct objectives of each residential originator, Pat McLaughlin, division manager of First American Title's Mortgage Services division, said: "First American understands that mortgage originators need more than a central point of contact to be competitive in a volatile market. We've listened closely to our clients and invested in the technology, personnel and infrastructure that our organization needs to support complex relationships with top national lenders. Our newly formed division better represents us as an innovative company with the capacity and experience to successfully deploy cost- and risk-reduction solutions for the mortgage industry."
Robert Camerota, head of division operations of First American Title's Mortgage Services division, adds: "Service is not only one of our core values, it's also what separates First American Title Insurance Company's Mortgage Services division from other providers. Because we recognize that every touch-point throughout the mortgage closing process is important, our employees are committed to delivering a superior experience on every transaction for both the mortgage lender and their customers."