IT News Online – Mortgage Coach integration with First American Title allows consumers to better understand title fees during loan selection process
IRVINE, Calif., November 18, 2021 (SEND2PRESS NEWSWIRE) – Mortgage Coach, a borrower conversion platform for mortgage lenders to educate borrowers with interactive presentations that model mortgage performance over time, today announced its integration with First American Title Insurance Company, a leading provider of title insurance and settlement services and the largest subsidiary of First American Financial Corporation (NYSE: FAF). Integration allows lenders to incorporate property costs into Total cost analysis (TCA), giving consumers better insight into their closing costs.
Mortgage Coach enables lenders to provide a real estate finance advisory experience using digital TCA presentations that provide accurate, actionable financial advice and benchmark mortgage performance over time. The platform’s connectivity to lender technology stacks allows loan originators to automatically generate and send personalized TCA presentations to borrowers via email, SMS, or Mortgage Coach’s native mobile app. Integration with First American Title allows for the import of exact title fees – including lender title insurance, registration, Escrow service, and borrower closing service fees – into TCA submissions.
First technological credit union (First Tech) is the first to take advantage of Mortgage Coach’s integration with First American Title. According to Bill Bolton, Vice President of Mortgages at First Tech, “The Mortgage Coach CAWs have been essential in providing our member family with a modern and personalized home finance service that helps them achieve their financial dreams. Using Mortgage Coach’s integration with First American Title to provide an accurate overview of title fees during the loan selection process demonstrates our commitment to member education and uncompromising service.
“When lenders combine advisory training with a better understanding of loan fees, consumers feel empowered to make important financial decisions with confidence,” said Joseph Puthur, president of Mortgage Coach. “By providing additional information on closing costs, Mortgage Coach’s integration with First American Title helps lenders provide a high level of service that will keep customers coming back for life. “
“Mortgage Coach’s use of our API is a great example of how First American Title can drive efficiencies for our lender clients, while simplifying the home buying process for buyers and sellers. salespeople, ”said Jim Dulle, senior vice president and general manager of First Division Direct of the US title. “We are committed to developing and deploying innovative technologies that help improve the process of buying and selling real estate for all parties involved. “
Mortgage Coach clients who wish to activate the First American Title integration should contact their Client Success Representative.
About Mortgage Coach:
Mortgage Coach is an award-winning borrower conversion platform that gives consumers the confidence to transact with educational presentations that model loan performance over time. The company’s side-by-side loan comparisons allow borrowers to make faster, more informed mortgage decisions, while allowing lenders to consistently deliver an on-brand consultative real estate finance experience that increases the conversion of borrowers, repeat business and referrals. To date, more than 120 independent mortgage banks, custodian banks and credit unions rely on Mortgage Coach to deliver personalized, modern service that increases revenue and customer loyalty. To learn more about the Mortgage Coach, visit https://www.mortgagecoach.com or follow @MortgageCoach.
About the first American title:
First American Title, the largest subsidiary of First American Financial Corporation (NYSE: FAF), traces its history to 1889. One of the largest title insurers in the country, the company provides title services through its direct operations and an extensive network of agents across the United States and internationally. First American Title offers comprehensive title insurance coverage and professional services for real estate purchases, construction, refinancing and equity loans. For more information visit www.firstam.com/titre.
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 with a heritage dating back to 1889. First American also provides management services securities factories; title and other records and images of real estate; assessment products and services; home warranty products; banking, trust and wealth management services; and other related products and services. With total sales of $ 7.1 billion in 2020, the company offers its products and services directly and through its agents in the United States and abroad. In 2021, First American was named to the Fortune 100 Best Companies to Work For® list for the sixth consecutive year. You can find more information about the company at https://www.firstam.com/.
Twitter: @MortgageCoach @FirstAm @FirstTechCU #digitalmortgage #titleinsurance
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News Source: Mortgage Coach
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