ComplianceEase and First American Nationwide Documents Partner to Deliver Automated Mortgage Compliance.SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , Aug. 19 /PRNewswire/ -- ComplianceEase(R), a division of LogicEase Solutions Inc., and First American First American may refer to:
Officially referred to as The First American Corporation (FAC) , family of companies, announced today a strategic alliance to integrate ComplianceEase's ComplianceAnalyzer(TM) with First American's Document Management System. "Integrating ComplianceAnalyzer into the First American platform will strengthen the compliance value to the loan-cycle workflow, allowing customers simple, one-click access to comprehensive regulatory compliance reviews," said Dan Solomon, director of client services for First American Nationwide Documents. Unlike traditional "doc prep" systems, First American Nationwide Documents provides a centralized and paperless value chain portal with total collaborative knowledge and real-time participation in all loan activities. Combining this closing system with ComplianceAnalyzer will enable First American customers to automatically identify instances of noncompliance and explain them in narrative findings reports. In a matter of seconds, the online system renders real-time decisions and automatically calculates a color-coded RiskIndicator(TM), signaling the level of risk of noncompliance. "In today's ever-changing regulatory environment, lenders are faced with new compliance challenges on a daily basis," said David Girling, executive vice president of ComplianceEase. "First American recognizes these challenges and has brought together their core competency A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
above all, most especially , prevent salability issues in the secondary market." About First American Nationwide Documents First American Nationwide Documents is the nation's largest mortgage loan document preparation company producing loan documents for first- and second-lien mortgage loans, as well as for home equity and construction loans. The company offers electronic ordering systems developed to transfer data directly from the client's loan origination system directly to First American's system or clients may also use ProDirect(TM), a Windows(R)-based software system, to input data which is transmitted electronically to First American Nationwide Documents. Electronic orders are delivered in seconds to any designated site using DocConnect(TM), an Internet delivery mechanism. About The First American Corporation The First American Corporation, a Fortune 500 company that traces its history to 1889, is the nation's largest data provider. First American combines advanced analytics with its vast data resources to supply businesses and consumers with valuable information products to support the major economic events of people's lives, such as getting a job, renting an apartment, buying a car or house, securing a mortgage and opening or buying a business. The First American Family of Companies, many of which command leading market share positions in their respective industries, operate within six primary business segments, including: Title Insurance and Services, Specialty Insurance, Mortgage Information, Property Information, Credit Information and Screening Information. With revenues of $6.72 billion in 2004, First American has 31,000 employees in approximately 2,000 offices throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and abroad. More information about the company and an archive of its press releases can be found at http://www.firstam.com/. About ComplianceEase ComplianceEase, a division of LogicEase Solutions Inc., headquartered in San Francisco, CA, is the premier provider of intelligent business solutions to the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry. Its ComplianceEase Web-based platform provides the industry's first automated compliance solution utilizing advanced artificial intelligence reasoning and decisioning technologies as well as natural language processing Natural language processing Computer analysis and generation of natural language text. The goal is to enable natural languages, such as English, French, or Japanese, to serve either as the medium through which users interact with computer systems such as . ComplianceEase powers beginning-to-end solutions at a fraction of the time and cost of traditional approaches, while providing better accuracy and integrity. ComplianceEase also provides professional services, and consulting services. For more information on ComplianceEase, visit http://www.complianceease.com/. For more information contact: Erik Koland of ComplianceEase at 650.373.1111 x1132 or e.Koland@complianceease.com. This release was issued on behalf of the above organization by Send2Press(TM), a unit of Neotrope(R). http://www.send2press.com/ CONTACT: Erik Koland, of ComplianceEase, +1-650-373-1111 ext. 1132, e.Koland@complianceease.com Web site: http://www.firstam.com/ Web site: http://www.send2press.com/ Web site: http://www.complianceease.com/ |
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