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INVESTMENT PROPERTY PRESERVATION TECH INVESTMENT GOVERNMENT PROPERTY PRESERVATION TECH
FIRST AMERICAN MORTGAGE
SOLUTIONS LAUNCHES MORTGAGE
FORBEARANCE INDICATOR
First American Mortgage Solutions,
LLC, a part of the First American family of
companies and leading provider of lender and
servicer solutions that cover the entire loan
spectrum, announced the launch of a new
monitoring solution, Mortgage Forbearance
Indicator (MFI). e MFI is a module
available through FraudGuard, First American
Mortgage Solutions' data-driven decision-
support tool with over 20 unique modules
and integrated solutions that helps lenders
comply with regulations, improve the speed and
efficiency of underwriting reviews, and increase
loan quality while mitigating against potential
risk.
Lenders incur costs and lose time to verify
and re-verify whether a borrower is engaged
in forbearance activity. MFI monitors a
consumer's credit from application to closing
to identify mortgage forbearance and alerts the
processor and underwriter when new activity
is found. rough FraudGuard, the MFI is
fully compatible with, and an embedded service
within, all major Loan Origination Systems
(LOS). is integration and automation
streamline the process to quickly uncover
undisclosed forbearance requests, shortening
underwriting timelines and helping lenders
avoid potential agency fees or unsaleable loans.
"In this fluid environment, agency
guidelines and lender overlays are everchanging,
and our industry experts help lenders respond
and stay up-to-date with customized, targeted
FraudGuard alerts," said Paul W. Harris, head
of First American's mortgage analytics business.
"Not only is our newest forbearance module
flexible, configurable, and scalable to unique
business needs, but with FraudGuard as a
whole, users experience concierge service from
industry expert account managers who advise
and provide support for full confidence against
risk."
While alternative solutions only offer a
batch file request outside of the processor's
LOS, or limit order options to a one-time look
up or credit refresh, the FraudGuard MFI
provides integrated ordering by document type
or business channel and continual monitoring,
which allows better control of third-party data
expenses.
"e Mortgage Forbearance Indicator
reflects the commitment of our skilled team of
experts to continually build solutions to meet
the evolving business needs of our clients and
the marketplace," said Kevin Wall, President
of First American Mortgage Solutions.
"FraudGuard continues to stand-out among
loan quality management tools."
Journal
Tennille Flowers
Flowers Realty Group
flowersrealtygroup@hotmail.com
973.207.4191
PREMIUM FORCE MEMBER
Ronald Hood
NeighborHOOD & Commercial REO
Real Estate Services
har.com/ronald-hood/agent_omegasss
1neighborhoodbuyer@gmail.com
281.690.8110
PREMIUM FORCE MEMBER
Justine Jimenez Garcia
Countywide Properties Era
justinejimenezgarcia.com
justine@countywideproperties.com
305.264.6660
PREMIUM FORCE MEMBER
was the most recently
reported Fannie Mae
Conventional Single-Family
Serious Delinquency Rate.
STAT INSIGHT
3.24% 3.24%
