Press release

First American Mortgage Solutions Launches Xtent™

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Sponsored by Businesswire

First American Mortgage Solutions, LLC, a part of the First American family of companies, today launched Xtent™, a configurable data solution with instant property and borrower analytics, powered by First American’s leading title data. This unique offering for lenders and servicers streamlines the review process, creates efficiencies and identifies risk.

Xtent can be delivered via multiple channels, including an integration into existing tech stacks through an application programming interface (API). It’s also available as data-only, excel/CSV or PDF reports. It includes an at-a-glance summary with actionable alerts and analytics that indicates loan data inconsistencies which may need further review. This allows lenders and servicers to assess marketing candidates, commence origination of a new loan, define preemptive account management strategies or facilitate MSR transactions.

“Xtent will empower lenders and servicers to identify and match relevant data to the corresponding risk decisions,” said Kevin Wall, president of First American Mortgage Solutions. “Instead of combing through multiple reports to find the right information, clients can have everything delivered in one customizable solution.”

Xtent provides access to over 30 configurable data sources from which a client can select to include or exclude, such as title and lien information, ownership and occupancy, detailed property information, borrower financial/fraud risk and compliance risk alerts.

By leveraging advanced artificial intelligence and machine-learning technology, combined with First American’s leading title information repository and dozens of additional data sources, Xtent creates the most comprehensive property data solution in the mortgage industry.

“With Xtent, the unique combination of property and borrower information can be assessed at first look, helping to reduce costs, identify portfolio characteristics, and streamline the entire loan review process, so lenders can make risk decisions with ease, efficiency and certainty,” said Wall.

To see an interactive demo of Xtent, please join us at the First American Mortgage Solutions hospitality suite at the Austin Convention Center, Level 3 Room 8A-C Monday, October 28 from 7:30 a.m. – 6 p.m. and Tuesday, October 29 from 7:30 a.m. – 4 p.m.

About First American Mortgage Solutions

First American Mortgage Solutions, a part of the First American family of companies, provides comprehensive solutions for residential lenders and servicers covering the entire loan spectrum, including complete products, microservices and application programming interfaces (APIs). First American Mortgage Solutions, together with First American’s broader capabilities, serves as a single source for title and settlement, home equity, data and analytics, fraud and verification, regulatory compliance, valuation and collateral risk, post-closing and default services. More information about First American Mortgage Solutions can be found at https://www.firstam.com/mortgagesolutions.

About First American

First American Financial Corporation (NYSE: FAF) is a leading provider of title insurance, settlement services and risk solutions for real estate transactions that traces its heritage back to 1889. First American also provides title plant management services; title and other real property records and images; valuation products and services; home warranty products; property and casualty insurance; banking, trust and wealth management services; and other related products and services. With total revenue of $5.7 billion in 2018, the company offers its products and services directly and through its agents throughout the United States and abroad. In 2019, First American was named to the Fortune 100 Best Companies to Work For® list for the fourth consecutive year. More information about the company can be found at www.firstam.com.