First American Data & Analytics, a leading national provider of property-centric information, risk management and valuation solutions and a division of First American Financial Corporation (NYSE: FAF), has introduced VeriTitle™, a first-of-its kind solution designed to accelerate the mortgage and home equity loan origination process by delivering critical title intelligence to lenders as borrowers begin their loan applications.
“VeriTitle helps lenders streamline decision-making and fuels faster, more efficient closings, helping foster stronger relationships with their borrowers and grow their mortgage and home equity business,” said Robert Karraa, president of First American Data & Analytics. “Tapping our industry-leading data assets to solve industry challenges reflects our commitment to equip lenders with innovative tools and actionable insights to enhance efficiency, reduce costs, and deliver exceptional borrower experiences.”
Designed with mortgage originators and home equity lenders in mind, VeriTitle is the only solution on the market that integrates proprietary first-party property data to assess title conditions and validate critical property and owner information. This innovative approach empowers lenders to address title challenges, such as resolving liens, correcting title errors, and confirming property ownership, early in the mortgage origination process, creating a smoother path to closing.
“VeriTitle delivers a preliminary title evaluation that helps lenders differentiate loans – identifying those ready for an accelerated closing versus those needing additional title work,” added Jennifer Menard, senior director of product at First American Data & Analytics. “Powered by our expansive lien data and advanced analytics, this solution provides the insight lenders need to improve workflows and close loans more effectively.”
Delivered via API, VeriTitle integrates with leading loan origination and point-of-sale systems. For more information, visit https://dna.firstam.com/solutions/title-analytics/verititle.
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