American Land Title Association
Print Friendly
Home  >  News Room
News Room

SoftPro is the nation's leading provider of Real Estate Closing and Title Insurance software

North American Title Insurance Company is a seasoned title insurance underwriter that has been helping customers achieve the American dream of homeownership for more than 50 years. In the past several years, we have become known as the “underwriter next door,� because our associates are always easy to reach and our processes are, at all times, quick and straightforward. Our agency application process is fast and transparent for qualified agents. NATIC offers a one-hour underwriting response guarantee that is unparallelled in our industry. In addition, we value our agents based on their title industry knowledge and experience, not just on profits alone.

LoanPerformance Unveils TrueStandings(TM) Servicing

July 31, 2006

SAN FRANCISCO, /PRNewswire-FirstCall/ -- LoanPerformance, a subsidiary of First American Real Estate Solutions (RES®) rolled-out TrueStandings Servicing, the next generation of LoanPerformance's servicing database that replaces its LPS Prime and Subprime data products. TrueStandings Servicing will give clients easier access to the information they need to make more accurate underwriting, loss mitigation, marketing and purchase decisions.

Following a successful beta launch last fall, the new TrueStandings Servicing provides instant access to the largest repository of mortgage performance data, consisting of more than 40 million active mortgage loans, with additional access to a historical database of more than 100 million loans.

TrueStandings Servicing has broad business applications for mortgage originators and secondary market lenders, credit policy makers, servicers, portfolio holders and servicing asset and acquisition managers. Providing detailed reporting and analysis on delinquency, prepayment and a multitude of loan characteristics. TrueStandings Servicing features:

  • Robust ZIP-code-level reporting for more granular, localized analysis
  • Expansive risk metrics for analysis of prepayments and delinquencies
  • Easy-to-use custom reporting tool that enables users to simultaneously analyze multiple data attributes such as product type, origination year, loan purpose, credit score, conforming versus nonconforming loan types, risk grade and loan-to-value ratios * Export capability to Microsoft® Excel, Adobe® Portable Document Format (PDF) and text files for easy creation of presentation-ready reports, or data transfer to other analysis software * Enterprise-class server system that delivers scalable architecture for expanded usage and enhanced performance

"The mortgage industry has an ever-growing appetite for more information- more metrics, more attributes, more granularity, more robust diagnostics -all delivered at exceptional performance speed," said Dan Feshbach, president and chief executive officer of LoanPerformance. "TrueStandings Servicing is a significant leap forward in satisfying these demands on a real-time basis. With more than 1,500 individual measures of prepayment, delinquency and loan metrics and attributes now available, TrueStandings Servicing allows our clients to easily execute ad hoc custom reporting, and provides immediate access to an unprecedented 79 pre-configured reports that address the most common day-to-day reporting needs of mortgage risk professionals."

Dennis Gilmore, chief operating officer for The First American Corporation, added: "The continued growth and refinement of the LoanPerformance product suite is at the core of First American's expansion into the information analytics arena. Next-generation products like TrueStandings Servicing provide answers to the most complex lending challenges, deliver greater efficiency and reduce risk."

Source: First American Real Estate Solutions

Print Friendly

How To Find Us:
American Land Title Association
1800 M Street, NW, Suite 300S
Washington, D.C. 20036-5828
P. 202.296.3671 F. 202.223.5843
Copyright © 2004-2016 American Land Title Association. All rights reserved.
SecurityMetrics for PCI Compliance, QSA, IDS, Penetration Testing, Forensics, and Vulnerability Assessment