True Stories: Hybrid, eNote and RON Implementation

Join expert panelists that will discuss the status of federal legislation, trends in digital adoption and how best to prepare your organization for the next generation of lending processes.

Spruce’s Patrick Burns on innovation in title technology

In the season finale of Housing News season 5, Spruce CEO discusses heightened investor interest in title tech, innovation and fintech adoption.

Top CFPB official “hates” QM rules, jeopardizing safe harbor

A top CFPB official in charge of the rule-making process has heavily criticized the agency's own qualifying mortgage rule, jeopardizing safe harbor.

Fraud risk factors at closing increased almost 90% last quarter

A variety of risk factors could be contributing to the drastic increase in wire and title fraud risk factors in mortgage and real estate closings – for example, compliance issues and an increase in transaction data errors.

Mortgage

Docutech becomes First American Docutech

Rebranding completes the acquisition of the mortgage tech company

Mortgage tech firm Docutech became First American Docutech on Tuesday as First American, one of the biggest U.S. title insurance companies, completed the rebranding of the company it agreed to purchase for $350 million in February.

For First American, the acquisition expands its suite of digital products as the industry moves toward a paperless mortgage, an idea that has been talked about for more than two decades but has not yet been offered as a mainstream option.

The completion of the purchase “signifies our goal to deliver an end-to-end digital mortgage with particular emphasis on the closing process, which, in turn, improves the experience for all parties – consumers, lenders and settlement agents,” said Kevin Wall, executive vice president and division president at First American Title.

Docutech’s prior management team, including President Amy Brandt, will continue to lead the company’s operations, First American said when it announced the completion of the purchase in March.

“While we are thrilled to bring together consumers, lenders and settlement agents through innovative digital technologies, we also recognize the challenges lenders face in their digital journey to optimize the entire loan lifecycle,” Brandt said in a statement on Tuesday. “As part of the holistic First American offering, we make it easier to close loans faster and digitize the entire process by offering the right solution at the right time.”

Leave a comment

Most Popular Articles

Mortgage forbearance drops to 4.36%, exits pick up steam

The downward trend of borrowers in forbearance picked up speed in the last week of April, falling 11 basis points to 4.36% of servicers’ portfolio volume.

May 10, 2021 By

Latest Articles

Compass loses money, explores mortgage

Compass is exploring either building a mortgage arm, buying a mortgage company or following the lead of other resi brokerages and entering into a JV.

May 12, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please