Mortgage Coach, a borrower conversion platform that helps mortgage lenders educate borrowers with interactive presentations that model home loan performance over time, has integrated with First American Title Insurance Company, a leading provider of title insurance and settlement services and the largest subsidiary of First American Financial Corporation.
The companies say the integration will enable lenders to incorporate title fees into custom Total Cost Analysis (TCA) presentations.
First Tech Credit Union (First Tech) is the first to leverage Mortgage Coach’s integration with First American Title. According to Bill Bolton, First Tech vice-president of mortgage lending, “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’s 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.”