First American Mortgage Solutions, LLC [1], a subsidiary of First American Financial Corporation, has introduced its newest service, CleanFile Solutions™, a suite that allows mortgage lenders, servicers, and investors to efficiently manage collateral files.
According to a press release [2], the suite combines post-closing document management, loan quality control, file perfection, lien release preparation, and recording in a single, vertically integrated suite. Users will have the ability to access to multiple features, including document retrieval and retention, imaging, assignment preparation, title policy retrieval, and replacement. Clients can also can use CleanFile Solutions to complete various phases of the loan perfection process and guide them through strict regulatory requirements.
Kevin Wall, President of First American Mortgage Solutions, explained that CleanFile Solutions will allow lenders and servicers to concentrate on consumer gratification and efficiency.
“CleanFile Solutions provides lenders and servicers with a unique set of post-closing capabilities combined with the confidence of working with First American. We now have the ability to close loan perfection gaps and complete collateral files at whatever scale needed,” he said. “The more we can do for our lender and servicer clients to help achieve total loan quality, regulatory compliance and file perfection, the more they can focus on driving productivity and consumer satisfaction.”