BusinessWire

First American Mortgage Solutions Integrates Loss Mitigation Products with CLARIFIRE® Workflow Automation

—Unique integration helps efficiently process loss mitigation options for borrowers—

SANTA ANA, Calif.--(BUSINESS WIRE)--First American Mortgage Solutions, LLC, a part of the First American family of companies, today announced completion of a strategic integration with Clarifire, a workflow automation provider that automates orders of First American Mortgage Solution’s FirstMod® loss mitigation products and services suite for CLARIFIRE® technology users. Loss mitigation document generation, title reports, partial claims and lien priority insurance can now be delivered directly to CLARIFIRE user dashboards—eliminating most manual input from the process.


This strategic integration helps lenders and servicers more efficiently process loss mitigation options for borrowers. Utilizing the CLARIFIRE workflow automation, First American’s FirstMod aligns with servicing processing teams’ loss mitigation workflows to help reduce costs, increase compliance, improve data integrity and quality, and reduce turn times, while improving the overall borrower experience.

“During this time of high-volume forbearance requests and daunting loss mitigation demands, the integration of First American’s FirstMod suite with Clarifire’s workflow automation product, CLARIFIRE, will provide great flexibility and automation capabilities, shortening turnaround times while maintaining compliance for these critical processes for lenders and servicers,” said Chris Brinkley, senior vice president, Servicing Division Business Operations, First American Mortgage Solutions. “Many consumers are facing economic uncertainty, so deploying workflow automation quickly is critical to help servicers keep borrowers in their homes.”

“We are excited to offer this new integration with First American Mortgage Solutions’ FirstMod to our clients,” said Jane Mason, CEO of Clarifire. “Seamless and effortless accessibility to products and services that the industry needs from within the CLARIFIRE application takes process automation to the next level. Having companies like First American as one of the automated service providers elevates the industry responsiveness and drives positive results.”

About First American Mortgage Solutions

First American Mortgage Solutions, a part of the First American family of companies, provides comprehensive solutions for residential lenders and servicers covering the entire loan spectrum, including complete products, micro services and application programming interfaces (APIs). First American Mortgage Solutions, together with First American’s broader capabilities, serves as a single source for title and settlement, home equity, data and analytics, fraud and verification, regulatory compliance, valuation and collateral risk, post-closing and default services. More information about First American Mortgage Solutions can be found at https://www.firstam.com/mortgagesolutions.

About First American

First American Financial Corporation (NYSE: FAF) is a leading provider of title insurance, settlement services and risk solutions for real estate transactions that traces its heritage back to 1889. First American also provides title plant management services; title and other real property records and images; valuation products and services; home warranty products; property and casualty insurance; banking, trust and wealth management services; and other related products and services. With total revenue of $6.2 billion in 2019, the company offers its products and services directly and through its agents throughout the United States and abroad. In 2020, First American was named to the Fortune 100 Best Companies to Work For® list for the fifth consecutive year. More information about the company can be found at www.firstam.com.

About Clarifire

Clarifire is a privately held, woman-owned corporation that offers the CLARIFIRE® business process automation software through their SaaS model to the financial services industry. Started by a process-focused entrepreneur, Clarifire, the company, is a group of workflow experts that created the award winning CLARIFIRE workflow application to make a difference for businesses. The company has over a decade of experience in process proficiency and software delivery, as a Microsoft Gold Certified Partner and WBENC certified corporation, Clarifire guides organizations through the chaos and into organizational efficiency. Learn more about how you can leverage workflow automation now at www.eclarifire.com. Truly BRIGHTER AUTOMATION®


Contacts

Media Contact:
Marcus Ginnaty
Corporate Communications
First American Financial Corporation
(714) 250-3298

Investor Contact:
Craig Barberio
Investor Relations
First American Financial Corporation
(714) 250-5214