March 1, 2023, Santa Ana, Calif.
. Very First American Data & Analytics, a prominent national supplier of property-centric details, threat management and advanced analytics, and a division of First American Financial Corporation (NYSE: FAF), today revealed that its recently boosted FraudGuard ® service is the first fraud analytics service accessible through, and built on, the most recent Encompass Partner Connect ™ API platform, which is now available through ICE Home mortgage Innovation ®, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global company of data, innovation and market infrastructure. The Encompass Partner Link API platform enables lending institutions to access product or services from information and analytics companies. With the new integration, lenders can leverage automation to systematically activate the buying of FraudGuard reports and analysis based on a loan provider’s customizable service guidelines.
“Our brand-new integration on the Encompass Partner Connect platform reflects our dedication to helping lenders more effectively minimize fraud risk and evaluate loan quality,” said Paul W. Harris, general supervisor, home loan analytics for Very first American Data & Analytics. “First American is continuously purchasing our FraudGuard service to boost its scalability and additional lower the requirement for non-critical evaluations, which supports loan providers’ efforts to accelerate decision-making and boost pull-through rates.”
First American’s FraudGuard solution leverages public, personal and exclusive information sources to help lending institutions recognize threat and examine general loan quality. The most recent version of its FraudGuard option consists of analytics that simplify the evaluation procedure by simplifying the data collected from the loan application. This upgrade will enable the platform to, with time, produce even much deeper insights into the dangers related to the borrowers, subject home and all participants in the deal.
For more information about the FraudGuard and Encompass Partner Connect integration please visit: First American in the Market by ICE Home Mortgage Technology.
About Very First American Data & Analytics
Very First American Data & Analytics, a department of First American Financial Corporation, is a leading nationwide company of property-centric information, danger management and appraisal options. First American preserves and curates the market’s largest home and ownership dataset that includes more than 7.5 billion file images. Its major platforms and products consist of the DataTree ®, FraudGuard ®, RegsData ®, and Very First American TaxSource ™ options, and product or services from ACI ®. Discover more about how First American Data & Analytics powers the realty, home mortgage and title settlement services industries with advanced decisioning services at www.FirstAmDNA.com.About First
American
First American Financial Corporation (NYSE: FAF) is a leading provider of title, settlement and risk options for real estate transactions. With its mix of monetary strength and stability developed over more than 130 years, innovative proprietary technologies, and unrivaled data possessions, the company is leading the digital change of its market. Very first American also supplies data products to the title market and other third parties; valuation services and products; mortgage subservicing; home service warranty products; banking, trust and wealth management services; and other associated services and products. With total revenue of $7.6 billion in 2022, the company provides its products and services directly and through its representatives throughout the United States and abroad. In 2022, First American was named among the 100 Best Companies to Work For by Great Place to Work ® and FortuneMagazine for the seventh successive year. More information about the company can be found at www.firstam.com.