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First AM Launches Property, Borrower Analytics Tool

First American Mortgage Solutions, LLC, a part of the First American family of companies, launched Xtent, a configurable, data solution with instant property and borrower analytics, powered by First American’s leading title data. This offering for lenders and servicers streamlines the review process, creates efficiencies, and identifies risk.

Xtent can be delivered via multiple channels, including an integration into existing tech stacks through an application programming interface (API). It’s also available as data-only, excel/CSV, or PDF reports. It includes an at-a-glance summary with actionable alerts and analytics that indicates loan data inconsistencies which may need further review. This allows lenders and servicers to assess marketing candidates, commence origination of a new loan, define preemptive account management strategies, or facilitate MSR transactions.

“Xtent will empower lenders and servicers to identify and match relevant data to the corresponding risk decisions,” said Kevin Wall, President of First American Mortgage Solutions.

“Instead of combing through multiple reports to find the right information, clients can have everything delivered in one customizable solution.”

Xtent provides access to over 30 configurable data sources from which a client can select to include or exclude, such as title and lien information, ownership and occupancy, detailed property information, borrower financial/fraud risk, and compliance risk alerts.

By leveraging advanced artificial intelligence and machine-learning technology, combined with First American’s leading title information repository and dozens of additional data sources, Xtent creates the most comprehensive property data solution in the mortgage industry.

“With Xtent, the unique combination of property and borrower information can be assessed at first look, helping to reduce costs, identify portfolio characteristics, and streamline the entire loan review process, so lenders can make risk decisions with ease, efficiency and certainty,” said Wall.

About Author: Mike Albanese

A graduate of the University of Alabama, Mike Albanese has worked for news publications since 2011 in Texas and Colorado. He has built a portfolio of more than 1,000 articles, covering city government, police and crime, business, sports, and is experienced in crafting engaging features and enterprise pieces. He spent time as the sports editor for the "Pilot Point Post-Signal," and has covered the DFW Metroplex for several years. He has also assisted with sports coverage and editing duties with the "Dallas Morning News" and "Denton Record-Chronicle" over the past several years.
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