First American Mortgage Solutions, LLC has launched a user-friendly data information report designed to help lenders reduce risk, stay compliant, and accelerate closings, the company announced.
First American said equiRisk combines ownership, real estate tax, open voluntary and involuntary lien data and vesting deed documents. It also pulls from multiple proprietary and third-party data sources to create a comprehensive borrower profile and risk assessment within a single, consolidated structure.
“By levering the most complete and accurate information, underpinned by First American’s unmatched data, equiRisk enables lenders to maximize business opportunities and minimize risk like no property report can,” First American Mortgage Solutions President Kevin Wall said in a release.
The new offering is part of the company’s equiSolutions suite of products covering the home equity mortgage lifecycle, from prospecting and origination to post-closing and portfolio management.