In 2019, First American Mortgage Solutions launched Xtent, a configurable title data-driven solution that helps servicers and lenders make critical risk decisions by providing accurate title, property and borrower data from more than 30 data and information sources into a single report. Xtent provides instant property and borrower analytics, delivering customizable reports to lenders and servicers that can be used across the mortgage lifecycle. Data is delivered via multiple channels including integration into a company’s tech stack via APIs, data only and/or traditional PDF reports.
- For lenders, Xtent identifies and analyzes risk from the beginning of the origination process to pinpoint unknown risks earlier in the process, which can improve loan closing rates.
- Clients can choose from a variety of data sources, such as title and lien information, ownership and occupancy, detailed property information, borrower financial/fraud risk and compliance risk alerts.
- Lenders can assess marketing candidates and define preemptive account management strategies.