First American formalizes REO title and settlement services network

First American Title Insurance Company has announced the formalization of First American's National Title Insurance and Settlement Solution (FANTISS) network.

The FANTISS network will provide a central point of contact to assist lenders in closing large volumes of real estate owned (REO) transactions through First American Title Insurance Company’s network of local offices nationwide.

FANTISS team members will provide lenders with a single point of contact throughout the settlement process, allowing for a greater level of efficiency when closing multiple-property portfolios, said the company.

In addition, through FANTISS network, the lenders closing multi-property REO portfolios will experience standardized and consistent processes, communication, technology, underwriting and pricing.

The network will also allow lenders to efficiently resolve the title-related issues that may arise during the REO sales process.