First American Data & Analytics, a division of First American Financial Corp., announced its recently enhanced FraudGuard solution accessible through, and built on, the latest Encompass Partner Connect API platform, is now available through ICE Mortgage Technology, part of Intercontinental Exchange, Inc.
The Encompass Partner Connect API platform enables lenders to access products and services from data and analytics providers. With the new integration, lenders can leverage automation to systematically trigger the ordering of FraudGuard reports and analysis based on a lender’s customizable business rules.
“Our new integration on the Encompass Partner Connect platform reflects our commitment to helping lenders more efficiently reduce fraud risk and evaluate loan quality,” Paul Harris, First American Data & Analytics general manager, mortgage analytics, said in a release. “First American is continually investing in our FraudGuard solution to enhance its scalability and further reduce the need for non-critical reviews, which supports lenders’ efforts to accelerate decision-making and increase pull-through rates.”
FraudGuard leverages public, private and proprietary data sources to help lenders identify risk and assess overall loan quality. The latest version of First American’s FraudGuard solution includes analytics that simplify the review process by streamlining the data collected from the loan application. This update will allow the platform to, over time, produce deeper insights into the risks associated with the borrowers, subject property and all participants in the transaction, according to the company.