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North American Title Insurance Company is a seasoned title insurance underwriter that has been helping customers achieve the American dream of homeownership for more than 50 years. In the past several years, we have become known as the “underwriter next door,� because our associates are always easy to reach and our processes are, at all times, quick and straightforward. Our agency application process is fast and transparent for qualified agents. NATIC offers a one-hour underwriting response guarantee that is unparallelled in our industry. In addition, we value our agents based on their title industry knowledge and experience, not just on profits alone.


First American Title Joins ClosingCorp's Service Provider Network

October 30, 2012

ClosingCorp announced that First American Title Insurance Co. is the newest member of its service provider network. As a member of this network, First American is providing title insurance rates and closing cost fees from the First American Comprehensive Calculator (FACC) for use with ClosingCorp’s SmartGFE Service and SmartGFE Calculator. In addition, ClosingCorp is providing its lender clients with access to First American’s current title insurance rates and closing fees.

“Lenders are relying on our SmartGFE tools to deliver the most accurate closing cost data possible. Therefore, it is incumbent upon us to work with the industry’s key leaders to integrate their rates and fees into our technologies,” said Paul Mass, president of ClosingCorp. “Now, lenders leveraging the SmartGFE Service and SmartGFE Calculator do not have to leave the system to access up-to-date title insurance rates and fees from First American Title Insurance Co. This contributes to the time savings that all lenders need and helps eliminate tolerance cures for inaccurate data.”

The SmartGFE Service provides lenders with a solution to capture Good Faith Estimate (GFE) data that is compliant with the Real Estate Settlement Procedures Act (RESPA). This data includes actual closing costs from more than 12,000 residential real estate service providers who are members of ClosingCorp’s Service Provider Network. Accurate recording fees and transfer taxes are also included with the SmartGFE Service.

“The FACC provides our customers with a rapid, user-friendly method of acquiring estimates for title insurance and settlement-related costs,” said Larry Godec, chief information officer for First American Title Insurance Co. “Joining ClosingCorp’s service provider network expands our reach to even more lenders across the country. Integrating FACC with the SmartGFE tools affords these additional lenders the opportunity to boost productivity and uphold RESPA guidelines.”



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