First American CoreLogic Unveils Loan Workflow Management Tool

Posted by Orb Staff on November 15, 2007 No Comments
Categories : Residential Mortgage

First American CoreLogic, a member of the The First American Corporation family of companies, has introduced Atone, a secure Web-based workflow management tool that is designed to streamline loan decisions and reduce costs by providing a single meeting place and document repository for all parties involved in each mortgage loan.

According to the company, the product eliminates expensive customization and long IT lead times typically required, running in parallel with any existing loan origination system. Users log on to a secure Web site, and loan records can be uploaded or created based on results of First American CoreLogic's risk analysis products.

Users participate in the processing workflow within their assigned role and security level by attaching documents such as risk analysis reports, automated valuation models, appraisals or broker price opinions, adding notes or viewing status. Separate authority functions enable groups such as central underwriting or quality control to oversee security, decisions and tasks.

Atone manages due diligence processes in a similar fashion, integrating batch runs on loan pools with First American CoreLogic and other risk-management products, the company adds.

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