Loss Mitigation

First American Introduces Instant Title for Refinance Transactions 

First American Title Insurance Company announced Tuesday that its Lenders Advantage Division has completed development of TitleSmart, a new technology that the company says delivers insured title commitments in less than 60 seconds. According to First American, the instant title information offered by TitleSmart gives mortgage lenders full title facts — including ownership, tax, lien, title conditions and closing fee information — immediately in-hand, rather than having to wait the traditional 48 hours to receive that information.