First American Offers FC Title Report To Fannie Mae’s Counsel

Posted by Orb Staff on August 07, 2009 No Comments
Categories : Mortgage Servicing

American National Default Title Services has [link=http://www.firstam.com/pressrelease.cfm?pr_id=1805][u]partnered[/u][/link] with Fannie Mae to provide national foreclosure title products designed to decrease the costs of foreclosure. First American National Default Title Services has agreed to provide its pre-foreclosure title report to Fannie Mae's foreclosure counsel in accordance with Fannie Mae's pricing limits on title costs. The Foreclosure Title Report is a multistate, uniform title search product designed to assist lenders, servicers and investors in reducing and controlling rising foreclosure costs while still providing comprehensive title evidence. The inherent cost efficiencies provide homeowners in default with additional resources to reinstate their loans and remain in their homes, the First American Corporation division says. "We have worked diligently to do our part to provide cost-effective solutions to our lender, mortgage servicer and investor clients," comments Wes Mee, president of First American National Default Title Services. "We are looking forward to being an additional resource to Fannie Mae and their mortgage servicer partners." SOURCE: [link=http://www.firstam.com]First American National Default Title Services

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