Vesta, the modern mortgage loan origination system (LOS) and software-as-a-service company, and First American Data & Analytics, a leading national provider of property-centric information, risk management and valuation solutions and a division of First American Financial Corporation (NYSE: FAF), today announced an integration between Vesta’s LOS and First American Data & Analytics’ FraudGuard solution, a leading fraud detection and decisioning tool that leverages public, private and proprietary data sources to help lenders identify risk and assess overall loan quality.
Vesta’s next-generation LOS is built from the ground up to allow lenders to automate as much of their mortgage processing as possible using the system’s no-code workflow and decisioning engine. The integration allows lenders of any size to easily leverage the FraudGuard solution via Vesta’s open, cloud-native API’s that enable seamless integrations.
“This collaboration between Vesta and the First American FraudGuard solution’s robust risk mitigation offerings will yield meaningful efficiency gains for our lenders, providing them with a foundation to create better borrower experiences. Incorporating the FraudGuard solution’s capabilities into our advanced LOS is an exciting expansion of our relationship with First American,” said Mike Yu, Vesta CEO.
The seamless integration was built with lender efficiency in mind. It offers the ability to clear the alerts directly in the LOS and automatically returns the fraud risk report into Vesta’s document repository, allowing processors and underwriters to interact with data from the FraudGuard report, while remaining in the Vesta platform.
“Integrating our FraudGuard solution with Vesta’s platform delivers actionable fraud risk insight that will help lenders save time, reduce costs and increase operational efficiencies while delivering a seamless experience, and reflects our commitment to help lenders with their pursuit of end-to-end digital automation,” said Paul W. Harris, General Manager, Mortgage Analytics for First American Data & Analytics.