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Th e M Rep o RT | 11 on the web Stewart Introduces Due Diligence Suite The Tech-savvy plaTform will supporT loan originaTions and reviews. S tewart Lender Services announced in late May the creation of a Due Diligence Solution Suite, created though the integration of several services. This included enhancements to the company's Due Diligence System (DDS). In its press release, Stewart explained that DDS is a proprietary workflow platform that supports real estate secured transactions for new originations and loan reviews. Components of DDS include regulatory compliance assessment, valuation review and reconciliation, servicing assessment, portfolio oversight, and cash-flow reconciliation. "We are committed to the growth of our mortgage services offering that assists our clients in their objectives to optimize loan quality and to support regulatory compliance," said Jason Nadeau, CEO of Stewart Lender Services. "Through a single solution with Stewart, our clients have access to a trusted partner with strong expertise, industry-leading technology, and a robust suite of services." Stewart announced that in addition to technology enhancements to its due diligence suite, the company has also enhanced it through operational expansion and recent acquisitions. According to Stewart, the solutions improvements include: • Rating agency grading solutions to support the due diligence process and collaborate electronically with sellers, due diligence vendors, and rating agencies. • Comprehensive credit underwriting solutions supporting origination, loan sales, or delinquent loan reviews. • Title search and valuation solutions tailored for the due diligence and whole loan purchase market to assist with your risk management or asset purchase decisions • Regulatory review services within Stewart's solution provide for detailed and extensive reviews for regulatory compliance. • Non-performing loan review solutions to support investors in their decision making surrounding delinquent or impaired assets. • Quality control reviews supporting pre-funding and post-funding reviews of FHA, GSE, and customized review solutions to ensure the quality of each loan meets the program and regulatory guidelines. First American Title Releases New TRID Tool Kit for Title Agents The Three-sTep web-based program will help users Train for Trid. F irst American Title Insurance Company, a provider of title insurance and settlement services and the largest subsidiary of First American Financial Corporation, has launched its TILA-RESPA Integrated Disclosure (TRID) Tool Kit for First American-affiliated title agents. The company also offers its title agents a comprehensive suite of TRID training and reference materials. The TRID Tool Kit will be available on First American's agent portal, AgentNet, according to the company. The Tool Kit is designed to help agents prepare for TRID implementation that will go into effect next month. Agents are expected to follow a three-step program—assess, act, and grow— when using the program. These steps are presented through a series of recommended activities designed to help agents reach goals that are necessary for the TRID changes. "Title agents need to dramatically adjust the way they work with lenders and their business sources under TRID, all while continuing to service their customers," said Evan Zanic, president of First American Title, Agency Division. "We're focused on assisting our agents through the TRID preparation process. We think the tool kit can help them more efficiently prepare for TRID, giving them more time to spend with their customers." According to the company, the TRID Tool Kit offers suggestions on topics that title agents should discuss with their lenders and includes specific questions to ask and guidelines on when to ask them. The Tool Kit will be updated regularly to provide a helpful and evolving resource for title agents as the TRID deadline approaches. "Title agents that embrace the transition to TRID can build stronger relationships with their business sources and potentially enhance their position in the market," said Lou Pontani, VP of sales and marketing at First American Title, Agency Division. "Our TRID Tool Kit is one way we're trying to help First American agents position themselves for growth." Knowledge WHY LIA? The Largest Provider of E&O Insurance to AMCs in the U.S. SINCE 1977 POLICIES SPECIFICALLY DESIGNED FOR AMCS COMPETITIVELY PRICED COVERAGE NATIONWIDE COVERAGE WITH "A" RATED COMPANIES STATE AMC BONDS WITH NO ADDED FEES Contact Susan Lomeli Susan@liability.com Ph: (800) 334-0652 X 139 Fax: (805) 962-0652 www.liability.com CA License #0764257 Administrators & Insurance Services LIA_AMC_Print_Ad_Knowledge_2.2917x9.125.indd 1 2/11/15 7:18 PM