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Bundled Services in Demand.(Nationstar Mortgage of Dallas hired First American Real Estate Solutions L.P. for database management)

Mortgage Servicing News

| November 01, 2006 | Dymi, Amilda | COPYRIGHT 2006 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

SANTA ANA, CA -- Bundled services delivered in packages customized to fit specific user needs, such as First American Real Estate Solutions' document tracking and recovery service option, appear to be more and more in demand.

Nationstar Mortgage of Dallas, formerly known as Centex Home Equity, specializes in nonprime mortgages and home-equity loans directly to consumers and through a network of brokers and bankers and a significant servicing portfolio in 47 states, recently signed up with First American's document tracking and recovery service option.

It will provide Nationstar with document trailing and lien release services that follow loan closing, allowing for more cost efficient operation. First American's document tracking and recovery service option tracks trailing documents from inception to their delivery to investors or custodians.

To best serve the business needs at Nationstar, First American said the product was customized to fit certain requirements presented by the lender. Based on a consultative review of post-closing and trailing document operations at Nationstar, First American said the lender concluded, "A service package that bundled tracking, recovery and lien-release functions would create the greatest measure of efficiency."

According to Nationstar senior vice president Steve Lichti, the company selected the First American option as its post-closing services provider for the way it manages document relationships with closing and title agents.

"In addition, First American's nationwide database document images and recording information are always available to ...

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Source: HighBeam Research, Bundled Services in Demand.(Nationstar Mortgage of Dallas hired First...

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