First American Mortgage Solutions Launches equiLite™, a Title Insurance Policy within its equiSolutions™ Home Equity Lending Product Suite
First American Financial (FAF) announced that its First American Mortgage Solutions business launched equiLite, a title insurance policy for home equity lending.
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—New Title Insurance Policy Offers Streamlined Approach to Managing Title Risk and Accelerating Home Equity Loan Closings—
“Home equity continues to be an important opportunity for lenders, but there is no one-size-fits-all approach to evaluating collateral and managing title risk,” said Todd McGowan, Ph.D., president of First American Title’s Lender Division. “The addition of equiLite expands the equiSolutions suite, giving lenders access to a broader range of property information and title solutions designed to help them make informed decisions, manage risk and move loans toward closing more efficiently.”
Designed specifically for qualifying home equity and HELOC transactions, the equiLite Policy provides title insurance protection backed by First American Title Insurance Company through a streamlined one-owner search methodology. The approach supports faster fulfillment and closing timelines, while providing a cost-effective alternative for lenders seeking limited title insurance coverage. The equiLite Policy is available for qualifying transactions up to
“Home equity lenders need solutions that align with their individual risk tolerance, workflow and business needs,” said Janet Newton, senior vice president of First American Mortgage Solutions. “With equiLite, equiRisk and equiSmart, lenders can select from a spectrum of solutions, from title data-driven property information at the point of sale to streamlined or more comprehensive title insurance protection, helping them balance speed, cost and risk management throughout the home equity lending process.”
The addition of equiLite further broadens First American Mortgage Solutions’ suite of home equity offerings, which provides lenders with a range of options spanning point-of-sale property reports, title insurance, valuation and settlement services, allowing lenders to select the approach that best fits their home equity lending needs.
More information about equiLite and First American Mortgage Solutions’ home equity offerings is available here.
About First American Mortgage Solutions
First American Mortgage Solutions, a part of the First American family of companies, provides integrated, end-to-end solutions across the full mortgage lifecycle for residential lenders and servicers. Together with First American's broader capabilities, First American Mortgage Solutions serves as a single source for origination, post-closing, and servicing, including title, settlement, home equity, valuation and collateral risk, and integrated document generation services. More information about First American Mortgage Solutions can be found at www.firstam.com/mortgagesolutions.
About First American
First American Financial Corporation (NYSE: FAF) is a premier provider of title, settlement, and risk solutions for real estate transactions. With its combination of financial strength and stability built over more than 135 years, innovative proprietary technologies, and unmatched data assets, the company is leading the digital transformation of its industry. First American also provides data products to the title industry and other third parties; valuation products and services; mortgage subservicing; home warranty products; banking, trust and wealth management services; and other related products and services. With total revenue of
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Media Contact:
Marcus Ginnaty
Corporate Communications
First American Financial Corporation
(714) 250-3298
Investor Contact:
Craig Barberio
Investor Relations
First American Financial Corporation
(714) 250-5214
Source: First American Mortgage Solutions LLC