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.

First American Unit Introduces QC@Closing

October 25, 2012

FA Business Services, LLC, a wholly owned subsidiary of First American Financial Corp., announced the release of QC@Closing, its new, automated loan quality product that helps lenders identify and mitigate risk, save time and resources and improve the consumer experience.

Changing regulations and the risk of loan repurchase and penalties are forcing lenders to allocate more time and resources than ever before on loan-processing quality controls. Many lenders employ manual quality reviews of loan documents, which have limited success in reducing buybacks and can be costly and time-consuming.

FA Business reports that QC@Closing conducts an automated evaluation of the HUD-1 settlement statement and loan data, based on lender-defined rules, at a point in the closing process at which corrections can still be made. Possible risks and discrepancies are flagged for lenders in real time, so that they can identify and act upon them while still closing on time.

“While many in our industry recognize the potential to improve compliance by manually auditing the HUD-1 settlement statement, getting this data in a consumable format has been the core challenge. With QC@Closing, we’ve been able to successfully extract and standardize the closing data so that it can be automatically evaluated against lender-defined rules that are tailored to each lender’s programs,” said Sally French Tyler, senior vice president of FA Business Services, LLC. “By helping to facilitate better and faster quality control measures at the most appropriate time in the closing process, we hope to show that settlement providers are an essential part of the solution, actively involved in improving confidence in lending for borrowers, lenders and secondary investors.”


  • Consistently applies each lender’s rules at the closing table—across all geographies, business channels and settlement agents
  • Analyzes closing data and loan information and automatically flags possible risks and compliance issues
  • Provides a flexible rules-management system, allowing lenders to apply standard or customized rules for each loan
  • Delivers real-time results on every HUD-1 revision, from pre-closing to post-closing
  • Stores the actual closing data and results for five years, even after a loan is sold or acquired

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