TheMReport — News and strategies for the evolving mortgage marketplace.
Issue link: http://digital.themreport.com/i/987227
4 | TH E M R EP O RT MTECH Technically Speaking This month, the industry felt the push of the digital age at our doorstep, with partnerships and new technology rolling out in abundance. First American Expands Digital Product Access DIGITAL GATEWAY API PLATFORM AIMS TO BRING MODERNITY TO CLIENTS ACROSS FIRST AMERICAN. S anta Ana, California- based mortgage lender First American Mortgage Solutions has expanded the ap- plication programming interfaces (APIs) available through its Digital Gateway, with the aim to give users greater flexibility to create modern, consumer-friendly ap- plications and workflows. This digital gateway serves as a single platform for mortgage lenders and servicers, Loan Origination System (LOS) providers, fintech companies, and Point-of-Sale (POS) solution providers to access data and services across the First American enterprise. The APIs and flexible architecture can be used to cre- ate digital mortgage applications focused on borrower experience. The benefits of this expanded line include loan application efficien- cies via auto-population and data validation, as well as simplifying complex tasks and improving overall efficiency. "Since the initial launch, customer feedback has been extremely positive, and we expect increased engagement as more digital solutions emerge," said Kevin Wall, President of First American Mortgage Solutions. "Our strong set of APIs, with more coming soon, allows unpar- alleled flexibility and workflow configuration. We're also continu- ing to streamline the integration of our data, products, and services to speed up digital transformation across the mortgage spectrum." First American APIs and datasets available through Digital Gateway include the following: multiple Identity APIs for compre- hensive searches of applicants' Social Security numbers with identity and occupancy valida- tion; multiple Property APIs for nationwide property or owner searches, including hundreds of property data points and listing history; proprietary Ownership APIs, leveraging a nationwide search for properties owned by the borrowers, and any potential unidentified addresses, foreclo- sures, and pre-foreclosures; Liens and Judgements API, both FCRA and non-FCRA compliant; fraud, verifications and compliance API and datasets. "We're committed to investing in data and digital solutions across our business to assist customers in achieving their goals," Wall added. "Digital Gateway is our latest technology innovation designed to support their vision to accelerate mortgage lending and improve the consumer experience." Introducing MERS eNote Solutions, Powered by eOriginal NEW DIGITAL MORTGAGE SOLUTION PROMOTES THE EFFECTIVE USE OF THE ELECTRONIC PROMISSORY NOTE. M ERSCORP Holdings, Inc. and eOriginal, Inc. has launched a new solution offering that will enable originators to accelerate entry into the digital mortgage eco- system. MERS eNote Solutions, part of the MERS eSuite, will enable the creation, execution, registration, and management of the electronic promissory note, or eNote, to mortgage origina-