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Title
Insurance |
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Title
insurance insures against loss sustained by the insured if the title
is, in actuality, other than as insured. The beneficiaries of title
insurance policies generally are real estate buyers and mortgage
lenders. A title insurance policy protects the named insured against
title defects, liens and encumbrances existing as of the date of
the policy and not excepted from coverage. For a one-time premium,
the policy remains in effect until the property is sold or refinanced. |
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Escrow
Services |
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Escrow is a process that requires a neutral third party to perform
the following functions to close a real estate transaction:
- Receives a completed and fully executed purchase and sales
agreement and/or lender's instructions
- Orders and delivers a commitment for title insurance to the
parties of the transaction
- Orders all necessary payoff statements and demands to clear
the title
- Prepares all necessary documents to transfer title
- Prepares the estimated and final closing statements
- Obtains all necessary signatures, funds and documents to close
the transaction
- Records and delivers all necessary documents and disburses
the funds according to the parties' and/or lender's instruction
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Credit
Reports |
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FASTWeb
delivers Instant Merge® credit reports online, with the click of
a mouse, in seconds. This immediate access to complete credit information
is a tremendous, easy-to-use benefit to those who base day-to-day
and long-term business decisions on credit worthiness. FASTWeb uses
a secure, encrypted connection that allows the Instant Merge Report
to be reviewed online or printed. Signing up for Credit is easy
through a single application form. Existing First American CREDCO
customers need only complete the Internet Addendum to their current
contract and Authorized Employee Agreement for each employee who
will be ordering credit reports. |
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Appraisal
Services |
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Competition in today's mortgage marketplace is forcing fast turnaround
of information and quick decision-making from its professionals--and
that includes the need for rapid determination of property market
values. That's why First American Appraisal Services has blended
seasoned personnel with advanced technology to bring you appraisals
you can depend on, faster than ever before. Using centralized
data research, telecommuting and state-of-the-art operations management
systems, First American Appraisal Services offers a full array
of product choices, including:
- Statistical evaluations
- Desk and field reviews
- Drive-by appraisals
- Full URAR 1004 reports
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Flood
Compliance |
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As the premier flood zone determination and compliance service
provider, all of us at First American Flood Data Services take
pride in giving you the same reliable, professional service that
you've come to expect from the First American family. Our research
efforts combined with Geographic Information System technology
make up the industry's most comprehensive database, supplying
us with the resources to return the vast majority of requests
instantly. Certifications requiring manual research will typically
be completed within 24 hours, if not sooner.
We provide a variety of services that quickly fulfill your compliance
needs:
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Origination
Services |
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- Basic determination gives a "snap shot" determination
to the structure at the time of request.
- With Life-of-Loan tracking, we monitor the structure
for any FEMA flood map revisions during the life of the loan.
And, as the most widely accepted LOL service in the industry,
we save time and money in wholesale and correspondent networks
as well as loan/servicing sales.
- Census Tract Data helps you maintain compliance with
the Home Mortgage Disclosure Act.
We offer customized portfolio products to best fit your unique
portfolio and acquisition needs:
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Portfolio
Compliance/Loss Mitigation Services |
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- Portfolio Review uses the standard determination method,
providing a flood zone determination for each loan in your portfolio.
This can be done on all or a portion of your entire portfolio.
- Portfolio Risk Audit is a relatively inexpensive, quick
alternative to a portfolio review that mitigates the risk of
flood loss. We can identify loans considered to be in high risk,
flood prone areas and provide flood zone determinations.
- MapTrak® is a cost-effective service that gives you
the security of ongoing compliance by tracking loan portfolios
for flood map revisions. You're notified when a flood map or
community status changes.
To view a sample Standard Flood Hazard Determination, you'll
need to have adobe Acrobat Reader installed. If you already have
Adobe Acrobat Reader, click
here.
If not, click below to obtain a free copy from Adobe's Web site.
Download sample
Flood Report
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Property
Profiles |
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Property Profiles are available in certain geographic regions.
A profile report combines comprehensive information on:
- Property characteristics
- Comparable sales
- Neighborhood information
- Area services
- School statistics
- Demographics
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Recorded
Documents |
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Recorded Documents are the currently vesting deed on a property,
and are available in certain geographic regions. You may simply
order the current vesting deed on a subject property by using
the property profiles existing document number. The documents
are stored for up to five days under the Recorded Documents link
on the left navigation bar.
To view a sample Recorded Document, you'll need to have adobe
Acrobat Reader installed. If you already have Adobe Acrobat Reader,
click here.
If not, click below to obtain a free copy from Adobe's Web site.

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Aircraft
Title Insurance |
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Aircraft
title insurance protects both lenders and owners from problems that
may occur with an aircraft transaction. As a lender, there are numerous
complications that could place your security interest in jeopardy,
such as defective filing of documents or a challenge to the priority
of your lien. As an aircraft owner, your interests are protected
against any title problems that occur - from documentation errors
to fraud - which may divest you of your ownership or interest in
your aircraft. |
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Vessel
Title Insurance |
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Vessel
title insurance protects both lenders and owners from problems that
may occur with a vessel transaction. Its coverage includes insurance
for title problems, fraud in the transaction, documentation problems,
gap protection, and lack of priority of the preferred ship mortgage
over statutory liens for Necessaries. |
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Mortgage Leads |
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LeadsToLoans(R)
is the leading Web-based source of mortgage prospect contact information for customer
acquisition and retention. Select from refinance, equity and nonconfirming borrowers
using current loan information, including the names of lenders, mortgage type, rate type,
origination date, interest rate and many other details for first and junior trust deeds and
mortgages.
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TRV Reports |
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TRV ( Tax Return Verification)
services provide tax return data validated directly through the United States Internal Revenue Service.
Whether self-employed, salaried, commissioned or earning income through other sources, TRV provides lenders with a fast, simple,
convenient and reliable way to validate the borrower's total income. TRV not only dramatically reduces income fraud, but,
in addition, some lenders use Government Sponsored Enterprise approved
TRV service to minimize the number of times borrowers are required to dig-out copies of tax returns.
TRV is available on any individual or business that has authorized the release of this information in connection
with an application for credit or a similar consideration.
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