First American Mortgage Solutions, a part of the First American family of companies, announced the launch of its eClosing solution, designed to securely deliver digital settlement for a digital mortgage. Pilot tests of the eClosing solution—which integrates technology from industry-leading providers Snapdocs and Nexsys—are underway with certain customers. The platform is part of First American Mortgage Solutions’ efforts to help lenders navigate the complicated eClosing process while also enhancing the digital mortgage experience for consumers.
“We’re committed to protecting the integrity of real estate transactions, whether they are closed with wet ink or an eSignature. Our eClosing solution will enhance the consumer experience and increase efficiency while reducing risk and operational errors,” said Kevin Wall, President of First American Mortgage Solutions. “It is designed to help lenders accelerate the adoption of digital mortgage while providing both lenders and consumers [with] confidence that the digital settlement process is facilitated by one of the industry’s leading title and settlement providers.”
First American Mortgage Solution’s eClosing solution will include a mobile-interface, consumer document preview, mobile notary digital scheduling, consumer appointment confirmation, eSignatures for hybrid eClosings and remote online notarization (RON) capabilities where approved. For RON eClosings, the solution will also manage “eVault-ready” loan documents, including fully executed eNotes, ready to support a lender’s MERS eRegistry and eVaulting workflows.
The eClosing solution and other First American Mortgage Solutions’ innovations were unveiled at the company’s hospitality suite at the Walter E. Washington Convention Center, Level 1 Room 151A. Showtimes were 8 a.m., 1 p.m. and 4 p.m. ET on Monday, October 15, as well as 8 a.m. and 1 p.m. ET on Tuesday, October 16.