eClosing

First American Adopts Cloud Computing 

The First American Corporation [stock FAF][/stock] is granting Dorado, the provider of Internet-based cloud computing, exclusive global rights to its Web services and mortgage e-lending technology. The transition to cloud computing, across parts of its network, is expected to be seamless, according to Dorado, even in handling the multitudinous changes on the horizon for the Real Estate Settlement Procedures Act (RESPA), the Housing and Economic Recovery Act (HERA) and the Home Valuation Code of Conduct (HVCC) and other home-lending initiatives.