Tag Archives: title insurance

Mortgage Coach integration with First American Title empowers consumers with greater insight into title fees during the loan selection process

IRVINE, Calif. /ScoopCloud/ -- Mortgage Coach, a borrower conversion platform empowering mortgage lenders to educate borrowers with interactive presentations that model home loan performance over time, today announced its integration with First American Title Insurance Company, a leading provider of title insurance and settlement services and the largest subsidiary of First American Financial Corporation (NYSE: FAF). The integration enables lenders to incorporate title fees into custom Total Cost Analysis (TCA) presentations, providing consumers with greater insight into their closing costs.

Mortgage Coach enables lenders to provide a consultative home financing experience using digital TCA presentations that deliver accurate, actionable financial advice and compare the performance of mortgage loans over time. The platform's connectivity with lenders' tech stacks allows loan originators to automatically generate and send custom TCA presentations to borrowers via email, text or Mortgage Coach's native mobile app. The integration with First American Title makes it possible to import exact title fees - including lenders' title insurance, recording, Escrow service and borrower closing service fees - into TCA presentations.

First Tech Credit Union (First Tech) is the first to leverage Mortgage Coach's integration with First American Title. According to First Tech Vice President of Mortgage Lending Bill Bolton, "Mortgage Coach TCAs have been pivotal to providing our member family with modern, personalized home financing service that helps them achieve their financial dreams. Using Mortgage Coach's integration with First American Title to provide exact insight into title fees during the loan selection process demonstrates our commitment to member education and uncompromising service."

"When lenders couple consultative education with greater insight into loan fees, consumers feel empowered to make milestone financial decisions with confidence," said Mortgage Coach President Joseph Puthur. "By providing additional insight into closing costs, Mortgage Coach's integration with First American Title helps lenders provide an elevated level of service that will keep customers coming back for life."

"Mortgage Coach's use of our API is a prime example of how First American Title can create efficiencies for our lender customers, while also simplifying the home-buying process for buyers and sellers," said Jim Dulle, senior vice president and managing director with First American Title's Direct Division. "We're committed to developing and deploying innovative technologies that help improve the process of buying and selling real estate for all the parties involved."

Mortgage Coach customers who would like to activate the First American Title integration should contact their customer success representative.

About Mortgage Coach:

Mortgage Coach is an award-winning borrower conversion platform that gives consumers the confidence to transact with educational presentations that model loan performance over time. The company's side-by-side loan comparisons allow borrowers to make faster, more informed mortgage decisions while enabling lenders to consistently deliver an on-brand, consultative home financing experience that increases borrower conversion, repeat business and referrals. To date, more than 120 enterprise independent mortgage banks, depository banks and credit unions rely on Mortgage Coach to deliver personalized, modern service that grows revenue and customer loyalty. To learn more about Mortgage Coach, visit https://www.mortgagecoach.com or follow @MortgageCoach.

About First American Title:

First American Title, the largest subsidiary of First American Financial Corporation (NYSE: FAF), traces its history to 1889. One of the largest title insurers in the nation, the company offers title services through its direct operations and an extensive network of agents throughout the United States and abroad. First American Title provides comprehensive title insurance coverage and professional services for real estate purchases, construction, refinances and equity loans. For more information, visit www.firstam.com/title.

About First American:

First American Financial Corporation (NYSE: FAF) is a leading provider of title insurance, settlement services and risk solutions for real estate transactions that traces its heritage back to 1889. First American also provides title plant management services; title and other real property records and images; valuation products and services; home warranty products; banking, trust and wealth management services; and other related products and services. With total revenue of $7.1 billion in 2020, the company offers its products and services directly and through its agents throughout the United States and abroad. In 2021, First American was named to the Fortune 100 Best Companies to Work For(r) list for the sixth consecutive year. More information about the company can be found at https://www.firstam.com/.

Mortgage Coach, a borrower conversion platform empowering mortgage lenders to educate borrowers with interactive presentations that model home loan performance over time, today announced its integration with First American Title Insurance Company, a leading provider of title insurance and settlement services and the largest subsidiary of First American Financial Corporation (NYSE: FAF).

Related link: https://mortgagecoach.com/

Expetitle Closes $2.3 Million Seed Plus Round

MIAMI, Fla. /ScoopCloud/ -- Expetitle, a digital title company and a leader in remote real estate closings, announced today it has closed their $2.3 million Series Seed Plus financing round. The investment will help the company aggressively expand its sales and marketing efforts.

The oversubscribed round included participation from Beagle Ventures, LAB Ventures, TBD Angels, and several prominent family offices including the owners of one of the largest home purchasers in the US. Other contributors include Patrick Dwyer, Head of Silicon Valley Bank Miami, and Shai Goldman, Director at Brex.

Pablo Vicuña and Pedro Cabezon of Beagle Ventures led the round, stating, "We are excited to partner with Expetitle for its strong management team and the incredible market opportunity. We have been impressed with both the product and the organization so far, and know we can bring the expertise to help take Expetitle to the next level." Luke Burns led the investment from TBD Angels adding, "We're excited Expetitle is going to be joining the TBD portfolio. The mixture of their value-proposition, team, and unique go-to-market strategy lines them up for a really big opportunity in a space ready for disruption."

"Expetitle is disrupting title insurance from the ground up," said Sean Daly, the company's CEO and co-founder. "Consumers today can find a home online, tour it virtually, and arrange financing from their laptop, but when it comes to the closing process, most transactions still happen in a lawyer's office with a thick stack of paper. Expetitle has changed that with a fully remote process, giving buyers, sellers, and their agents everything they need with just a click of a button. With this new capital, we will be rolling out our solution to new states and with new partners across the country."

About Expetitle:

Founded in January 2019, Expetitle was born out of the LAB Ventures startup studio. Expetitle is a multi-state title company, operating in Florida, Georgia, and Texas, that delivers fully digital and hybrid closings through one secure collaborative platform that adds transparency to the entire closing process. Expetitle's mission is to provide a better, transparent closing experience for buyers, sellers, and their agents and brokers. Today's consumer is used to doing everything on their phone in real-time, why should buying a home be any different? To learn more about Expetitle, visit https://www.expetitle.com/.

Expetitle, a digital title company and a leader in remote real estate closings, announced today it has closed their $2.3 million Series Seed Plus financing round. The investment will help the company aggressively expand its sales and marketing efforts.

Related link: https://www.expetitle.com/

Mid America Mortgage Launches Click n’ Close Title to Provide Digitally-Driven Real Estate Closing Services Powered by RON

ADDISON, Texas /ScoopCloud/ -- Mid America Mortgage, Inc. (Mid America) announced today it has launched Click n' Close Title, a digital-first residential title insurance company, to deliver more comprehensive digital mortgage closing services to the residential real estate market. Licensed in six states (Texas, Ohio, Tennessee, Indiana, Michigan and Virginia) with more on the way, Click n' Close Title utilizes a completely digital process to deliver a consistent, modernized mortgage closing ceremony for all parties involved.

"Having been a digital-first mortgage lending shop since 2016, we've observed first-hand the power of technology to transform the archaic, painful homebuying process into one with less friction and more emphasis on convenience for the consumer," said Mid America Owner and CEO Jeff Bode. "Title represents the final piece of this puzzle from the consumer experience perspective, and in in the interest of furthering our commitment to modernizing the mortgage process, we felt the time was right to extend our knowledge to the title side of the transaction with the launch of Click n' Close Title."

Powered by remote online notarization (RON) technology, Click n' Close delivers 100% paperless closings that improve efficiency and reduce delays in processing closing documents. Its RON process permits the borrower to schedule an online video conference with a notary, giving them ultimate control over where and when they sign their closing documents utilizing SSL encryption to ensure security. This also allows the borrower to review their closing documents before signing in most cases so that they can ask questions or consult with a trusted advisor prior to closing day. Once the documents are signed, funding occurs within 10 minutes rather than the traditional two hours after signing.

"Buying a home is one of the most nerve-wracking financial experiences a consumer will undertake, and with the advancements in technology available today, there is simply no reason to add to the stress of this important event by remaining committed to a paper-driven, in-person closing ceremony," said Nicki Compary, General Counsel and Director of Title Operations of Click n' Close Title. "With the completely digital process we've established at Click n' Close Title, borrowers real estate agents and mortgage lenders can all expect a smooth, hassle-free process that is designed to delight."

Click n' Close Title is available to do business with mortgage lenders and real estate agents in all states where it is currently licensed. For more information, visit https://www.clicknclosetitle.com.

About Click n' Close Title

Click n' Close Title is a residential title insurance company that specializes in remote notary and digital closings. At Click n' Close Title, we work closely with the real estate community to ensure that each real estate transaction is handled professionally and meets or exceeds expectations. We know that efficiency, precision, and communication are vital during the closing process. The Click n' Close Title team helps our clients in a wide variety of residential transactions such as refinancing, purchasing, sales, reverse mortgages, construction financing and closing whether you are buying, selling or refinancing a home. Learn more at https://www.clicknclosetitle.com/.

About Mid America Mortgage, Inc.

Mid America Mortgage, Inc., Addison, Texas, is a multi-state, full-service mortgage lender serving consumers and mortgage originators through its retail, wholesale and correspondent channels. We offer a wide range of residential home loan programs to meet the needs of most home buyers and homeowners and are also the nation's leading provider of Section 184 home loans for Native Americans. Learn more at https://www.midamericamortgage.com/.

In operation since 1940, Mid America has thrived by retaining its entrepreneurial spirit and leading the market in innovation, including its adoption of eClosings eNotes. Click n' Close is Mid America's ultra-secure, digital mortgage approval and closing process that gets home buyers from application to closing within two weeks. With just a few clicks at closing, Click n' Close puts keys in the home buyer's hand in 15 minutes or less. Apply online at https://www.midamericamortgage.com/click-n-close/#cnc.

Frequently named a top mortgage employer/workplace by industry trade magazines such as Mortgage Professional America, MReport, National Mortgage News and National Mortgage Professional, Mid America is looking for tech-savvy, service-oriented mortgage professionals to join our growing team. We are dedicated to providing our employees with industry-leading tools and technology to deliver a great package of competitive pricing, programs and knowledgeable service. Want to join our team? Visit https://www.midamericamortgage.com/careers/.

Twitter: @midamericamtge

Mid America Mortgage, Inc. (Mid America) announced today it has launched Click n' Close Title, a digital-first residential title insurance company, to deliver more comprehensive digital mortgage closing services to the residential real estate market.

Related link: https://www.midamericamortgage.com/