Default Management
The ability to effectively manage the default process establishes loan profitability. First American offers the tools and support that put servicers in control by providing default management choices encompassing outsourcing, technology, title and property services.
Delinquency Monitoring
First American's data and suite of predictive prepayment and risk modeling solutions enable mortgage originators, servicers, securities issuers and investors to make informed business decisions about credit risk, loss mitigation, customer retention, securitization and investment. The company's databases track the delinquency and prepayment performance of 46 million active individual mortgage payments per month.
Loss Mitigation
First American offers a variety of foreclosure alternatives developed to retain fee income, recover late charges and stabilize collection costs for lenders and mortgage servicers. Keeping property owners in their homes is a goal First American shares with its default customers.
Field Services
First American provides comprehensive, on-site property inspections and property preservation and maintenance services. Reliable services, state-of-the-art technology, and extensive quality control, combined with information from First American's internal database solutions nationally, offer complete field services to customers.
National Default Title Services
First American's National Default Title Services division, the largest group of its kind in the industry, works with lenders and homeowners at the time of default to avert foreclosure and to help lessen expenses, should foreclosure occur.
Foreclosure / REO
First American provides the management solutions and software systems needed during the foreclosure process of REO properties. First American's state of the art technology and effective management services continue to set the standard for default product and service excellence.
Default Technologies
First American's complete suite of default management software and solutions provide borrowers, lenders and servicers with the enterprise data tools needed to automate the default process.
Claims Processing
First American offers complete default claims processing based on user-defined criteria and supports auditing certain approving processors, invoice types, invoice amounts and more.
Automated Valuation Models (AVM)
Traditional appraisals, AVMs or a combination of appraisal products, First American provides the property valuation alternatives to meet the unique appraisal needs of each individual circumstance.
Fraud & Loan Quality
Are you focused on reducing risk of default? Our industry-leading solutions allow you to instantly identify high-risk loans and reduce overall loan default exposure. Whether you need to assess one loan or thousands, we deliver the answers you need to make the most informed loan decisions.
Maps & Aerials
Get instant access to parcel maps, aerial maps, street maps and flood maps. Use our dynamic mapping technology to overlay real estate information onto maps and aerial photographs to get better visualization of the area surrounding a property or group of properties. Filter lists by ownership, property characteristics, mortgage information and other variables.
National Default Outsourcing
First American partners with customers across the nation on various steps of the default process to improve mortgage servicers' cost-to-service loans and loans-per-person efficiency ratios.
Default Consulting
First American is the resource that will take your default business beyond the competition. Our consulting services are driven by experienced default experts who know how to obatin peak performance through the combination of Best Practices Process Improvement and systems enhancements. Our team includes experts on all the major servicing and outsourcing platforms.
Document Retrieval Services
We're the single-source solution for all document retrieval needs utilizing the latest technology, robust data and field researchers.
Subordinate Lien Outsourcing
First American Subordinate Lien Outsourcing (FASLO) provides servicing solutions for delinquent and defaulted subordinate liens.
