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First American Adds Vendor Platform for Default Services.

Mortgage Servicing News

| August 01, 2003 | COPYRIGHT 2003 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

First American Default Technologies has debuted its next-generation, case-management platform, VendorScape/CMS.

First American said its new VendorScape/CMS improves productivity for attorneys and mortgage servicers by streamlining case management functions through a proprietary workflow system.

This latest innovation from First American Default Technologies replaces existing systems by offering flexible integration with First American's iClear, First American's invoice management system. Through the interface with iClear, VendorScape/CMS creates a complete case management solution. It can also be integrated with attorney case- management systems.

"The power and speed of the Internet is truly accelerating our pace of innovation in developing enhanced systems," said Cindy Bird, president of First American Default Technologies. "With VendorScape/CMS, we've moved beyond today's world of case management into a maximum-efficiency, user-driven environment where attorneys and servicers can complete processes immediately."

Ms. Bird told MSN that First American is offering the new VendorScape as a "value add" rather than a new profit vehicle. As a result, she said the price that vendors such as attorneys pay for referrals generated by the system is considerably lower than that charged by competitors.

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Source: HighBeam Research, First American Adds Vendor Platform for Default Services.

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