First American Mortgage Solutions, LLC, a subsidiary of First American Financial Corporation, announced that it has completed its integration with LoanLogics’ LoanHD platform, quality management technology that provides real-time loan quality reporting and best practice audit workflows.
With the integration, users will have streamlined access to FraudGuard (a comprehensive, data-driven decision-support tool from First American that helps lenders ensure compliance). The integration is also expected to improve speed and efficiency of application reviews and increase loan quality.
Users will now be able to order FraudGuard services directly from the AppQ Network vendor management portal—an entire ecosystem of third-party service providers that improve efficiency in audits—from within the LoanHD platform.
“LoanLogics is committed to ensuring our clients have the tools they need, when they need them,” said Craig Riddell, SVP and Chief Business Officer for LoanLogics. “By continually expanding our LoanHD network with the addition of best-of-breed solutions like FraudGuard, we're helping our clients drive toward zero defects, improve their loan manufacturing process and reduce cost, while increasing the efficiency of audit reviews through technology and automation.”
FraudGuard is a next-generation data validation tool aimed at helping lenders mitigate risk by using data, pattern-matching analytics, and industry experience culled from more than 28 million loans to help lenders make compliant mortgage loans free of defects. FraudGuard also helps to accelerate the loan application review process, according to the announcement.
“FraudGuard's unparalleled data assets make it a stand-out among loan quality management tools,” said Kevin Wall, President of First American Mortgage Solutions. “We're pleased to bring LoanLogics users on-demand access to the critical data insights and automated decision-support services they need to originate high-quality loans with confidence.”