Partnership Helps Lenders Get Closing Costs Right

Ernst Publishing Company, the leading provider of technology and closing cost data for the real estate and home finance industries for the past 27 years, announced today the integration of First American Mortgage Solutions services into its closing cost search and fee management software. The seamless connection allows Ernst’s lender clients to quickly and accurately get title, settlement and recording fee quotes from First American Mortgage Solutions and use them to populate the loan estimate required in many residential real estate transactions.

“Lenders working today need access to information from their third-party partners as if it were residing within their own systems,” said Gregory E. Teal, president and chief executive officer of Ernst Publishing. “Today’s consumers and regulators are demanding it and this new integration is another way for lenders to get it. We have a rich history of innovation at Ernst, spanning more than 26 years.

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“First American’s integration with Ernst demonstrates our commitment to helping lenders deliver high-quality mortgage loans that efficiently meet today’s regulatory requirements and homebuyer expectations for superior service,” said Kevin Wall, president of First American Mortgage Solutions. “Lenders now have another way to quickly access accurate title, settlement and recording fee quotes from First American.”

First American Mortgage Solutions provides lenders and servicers with end-to-end solutions covering the entire lifecycle of the residential loan, from origination to post-closing and from servicing to default services.

Lenders now have one-button access to First American Mortgage Solutions through Ernst’s closing cost search and fee management software. Ernst uses XML requests to directly query First American Mortgage Solutions for guaranteed-accurate fees and then propagate that information throughout all of Ernst’s technology solutions, from its innovative web interface and mobile solutions to the many custom fee engines deployed by lenders around the industry.

Ernst programs process an average of 150 million real estate transactions every year, industry-wide. Since the company was founded 27 years ago, Ernst has processed over 1 billion transactions. Ernst estimates that its technology is used for 90% of the nation’s new loan originations and refinance transactions. For a complete list of the company’s innovations, visit the website.

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