TheMReport — News and strategies for the evolving mortgage marketplace.
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TH E M R EP O RT | 41 SPECIAL ADVERTISING SECTION First american mortgage solutions KEY PERSONNEL Kevin Wall President Jeff Moyer Chief Product and Strategy Officer George Opelka VP, Division Operations Alan Hummel VP, Valuations STAFFING 2,367 Employees CONTACT INFORMATION 4 First American Way Santa Ana CA 92707 Phone: 866.377.6639 Website: FirstAm.com CORPORATE PROFILE First American Mortgage Solutions, a key member of the family of companies comprising First American Financial Corporation, delivers convenience, confidence and certainty throughout the mortgage life cycle. Parent company First American Financial Corporation, with total revenue of $5.8 billion in 2017, is a leading provider of title insurance, settlement ser- vices and quality assurance solutions for real estate transactions that traces its heritage back to 1889. COMPANY HISTORY First American Mortgage Solutions has steadily invested in its valuation assets through strategic acquisitions and building out its property database to be the leading source for property records across the country. Now the company, which focuses on devel- oping innovative web-based, data-driven solutions, is changing the valuation landscape with its Smarter Valuations offering, a process that offers lenders in- creased efficiency and greater accuracy for a better, faster consumer experience. BUSINESS LINES, SERVICES, AND PRODUCTS Leveraging First American's broader capabilities, First American Mortgage Solutions serves as a single source for title and settlement, data and analytics, fraud and verification, regulatory compliance, valuation and collat- eral risk, quality control, fulfillment, and default services. GEOGRAPHICAL SCOPE AND COVERAGE AREA First American Mortgage Solutions delivers innova- tive technology solutions across the loan lifecycle in the United States and Canada. KEY FEATURES/BENEFITS • Native apps for iOS and Android allow appraisers to collect property data, take photos, and complete a sketch in the field then sync to the cloud • Cloud-based architecture promotes a collaborative environment for sharing comparable property information, inspection data, and analytics for speed and quality assurance • APIs for transmitting order data, populating appraisals, and managing appraisal delivery and review allow AMCs to connect their vendor management platforms directly to Sky • Custom forms allow companies to complete alternative valuation products in the cloud, including compliance and XML delivery to meet client demands COMPETITIVE ADVANTAGE ACI Sky is a cloud-based valuation platform with products for property inspection, appraisal production, quality assurance, and report delivery. Sky Report is the industry's first cloud-based appraisal production solution that re-engineers the appraisal manufacturing process. Sky Review is a leading valuation QC product with interactive checklist automation and integrated third- party data that delivers consistency and reduces the time needed for the appraisal review process by up to 50 percent. Sky Delivery equips AMCs with a dynamic, appraiser- facing compliance gateway that serves as a quality assurance tool to greatly reduce revisions and better manage overrides The proprietary Appraisal Analytics Platform includes automated assignment logic that pinpoints the best appraiser for the assignment by market, property type, and value range. ADDED VALUE TO CLIENTS First American Mortgage Solutions is leading the valuation technology revolution with dynamic SaaS models that allow for collaboration among lenders, servicers, investors, and valuation professionals. Clients get the added advantage leveraging First American's industry-leading property data. GOALS AND STRATEGIES First American Mortgage Solutions is committed to pioneering the advancement of field automation and cloud-based solutions coupled with data intelligence and predictive analytics. With a unique combination of assets and expert valuation professionals, First American Mortgage Solutions is well positioned to play a leading role in the valuations transformation. INDUSTRY AWARDS, ACCOLADES, AND MILESTONES • First American is proud to have been included on the "Fortune 100 Best Companies to Work For" list in 2018 for the third consecutive year • Named a Fortune 500 ® company in 2017 • Best Workplaces for Diversity by Fortune and Great Place to Work ® in 2017 • Best Workplaces for Women by Fortune and Great Place to Work ® in 2017 SPECIALTY AND EXPERTISE The ability to connect to vast amounts of data via the cloud has enabled First American Mortgage Solutions to infuse the Smarter Valuation process and technologies with unparalleled quality assur- ance crosschecks during the manufacturing of the appraisal, reducing or eliminating the need for quality control at the end of the process. TESTIMONIAL "Over the last two years, Valuation Connect has made significant breakthroughs in quality improvement and reducing turn times using Sky Delivery and Review, while gaining efficiencies for the appraisers we work with." —Jim Beatty, SVP, Chief Appraiser for Valuation Connect