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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.

First American's Suit-on-Note Scoring Module Quantifies Optimal Resolution Projections for Investors and Servicers

May 7, 2008

DALLAS, -- First American Subordinate Lien Outsourcing, a member of The First American Corporation debutted its Suit-on-Note Scoring Module (SONSM Score). Used in conjunction with the determination of property equity and understanding the borrower's economic situation and intent, the SON Score helps servicers and investors ascertain the optimal resolution for servicing subordinate lien assets. The SON Score provides an analysis of a respective borrower's current real estate assets as well as a determination of a loan's eligibility for the Suit- on-Note process, which is a different legal cause of action than a typical foreclosure action.

The SON Score is designed as a complement to the suite of scores and products provided by First American, including the recently released Second Lien Collectibility Score (SeLi SM Score), which utilizes an analytical risk versus reward rating system to quantify the actual potential of a second lien.

"The focus of all collection efforts is to determine debtor willingness and capacity to make payments on the debt," said Jason Pinson, president of First American Subordinate Lien Outsourcing. "The SON Score helps the servicer define the capacity to pay by looking for indications and actions on the debtor's other assets in a quick and efficient manner."

Source: The First American Corporation

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