HousingWire Recognizes First American Docutech For Innovations in eClosing and Document Solutions with HWTech100 Award

Rhea-AI Summary

First American Docutech has been recognized by HousingWire as a HWTech100™ Mortgage winner for its Solex eClosing solution, marking its fifth award. The Solex platform experienced a remarkable 768% increase in eClosings in 2020 compared to 2019. This recognition highlights First American Docutech's commitment to enhancing the mortgage industry by digitizing and streamlining document processes. With approval from Freddie Mac and Fannie Mae, Solex offers a comprehensive eClosing solution, contributing to faster and efficient closing processes for lenders.

Positive

• Solex eClosing solution recognized in HWTech100 for fifth time.
• Solex platform saw a 768% increase in eClosings in 2020.
• Approval from Freddie Mac and Fannie Mae for eClosing services.

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• None.

First American Docutech, the leading provider of document, eSign, eClose and print fulfillment technology, and a member of the First American family of companies, has been recognized by HousingWire as a HWTech100™ Mortgage winner for its Solex eClosing solution, marking the fifth time the company has earned the award.

The HWTech100 awards honor the companies leading the way toward a more innovative and efficient mortgage industry. HousingWire selected First American Docutech on the strength of its Solex eClosing platform, which saw a 768% increase in eClosings in 2020 over the previous year. The company also joined the First American family in 2020, with the combined offerings enabling lenders and settlement agents to accelerate closings by digitizing and streamlining the creation, delivery, execution and perfection of mortgage documents.

“At First American Docutech, we’re focused on helping lenders accelerate the speed to closing with a robust eClosing platform and compliant dynamic document generation,” said Amy Brandt, president of First American Docutech. “Earning the HWTech100 honor for the fifth time validates the hard work and incredible team we have making loans more profitable and efficient for lenders.”

Solex, First American Docutech’s end-to-end eClosing solution, enables lenders to extend the digital setting from the initial delivery of the closing document package all the way through to eRecording. Approved by both Freddie Mac and Fannie Mae for eClosing, eNote and eVault functionality, the Solex eClosing platform provides lenders with a comprehensive integrated eClosing solution, with eSigning efficiencies from initial document generation through post-closing.

“After the uncertainty and unpredictability of last year, we expected a greater adoption of technology. However, these 100 real estate and mortgage companies took digital disruption to a whole new level and propelled a complete digital revolution, leaving a digital legacy that will impact borrowers, clients and companies for years to come,” said Brena Nath, HousingWire’s HW+ managing editor.

About First American Docutech

First American Docutech, a part of the First American family of companies, provides an end-to-end integrated digital mortgage experience that enables lenders to accelerate the real estate closing process. The company digitizes and streamlines the creation, delivery, execution and perfection of mortgage documents. First American Docutech sets the standard in providing market-proven technology and unrivaled customer service to the financial industry. For more information, visit the company's website at www.firstam.com/docutech or follow them on social media at LinkedIn or Twitter @Docutech.

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 2020, First American was named to the Fortune 100 Best Companies to Work For^® list for the fifth consecutive year. More information about the company can be found at www.firstam.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210319005049/en/

FAQ

What is the Solex eClosing solution by FAF?

The Solex eClosing solution by First American Docutech is an end-to-end platform that digitizes and streamlines the mortgage closing process.

Why was FAF recognized in the HWTech100 awards?

FAF was recognized for its Solex eClosing solution, which experienced significant growth in eClosings, demonstrating innovation in the mortgage industry.

How much did eClosings increase for FAF's Solex platform in 2020?

The eClosings for FAF's Solex platform increased by 768% in 2020 compared to the previous year.

What companies awarded FAF the HWTech100 recognition?

FAF received the HWTech100 recognition from HousingWire, which honors companies making significant contributions to the mortgage industry.

Is Solex approved by any government-sponsored enterprises?

Yes, Solex is approved by both Freddie Mac and Fannie Mae for eClosing, eNote, and eVault functionalities.