Ernst Publishing Company has announced the integration of the services of First American Mortgage Solutions into its closing cost search and fee management software in order to allow Ernst clients one-button access to title, settlement, and recording fee quotes from First American Mortgage Solutions accurately and quickly.
The integration will allow Ernst clients to use the quotes obtained from First American Mortgage Solutions to populate the loan estimate that is required in many residential real estate transactions. Ernst will use XML requests to make direct queries to First American Mortgage Solutions for fees guaranteed to be accurate and then use the information throughout all of Ernst’s technology solutions.
“Lenders working today need access to information from their third-party partners as if it were residing within their own systems,” said Gregory E. Teal, president and CEO of Ernst Publishing. “Today's consumers and regulators are demanding it and this new integration is another way for lenders to get it. We have a rich history of innovation at Ernst, spanning more than 26 years.”
First American Mortgage Solutions is a part of the First American family of companies, providing lenders and servicers with end-to-end solutions that cover the entire lifecycle of a loan. Ernst is a provider of technology and closing cost data for the real estate and home finance industries; industry-wide, Ernst programs process an average of 150 million real estate transactions every year. Ernst has processed more than 1 billion transactions since the company was founded in 1989.
“First American's integration with Ernst demonstrates our commitment to helping lenders deliver high-quality mortgage loans that efficiently meet today's regulatory requirements and homebuyer expectations for superior service,” said Kevin Wall, president of First American Mortgage Solutions. “Lenders now have another way to quickly access accurate title, settlement and recording fee quotes from First American.”