Rapid Legal and Vesting Report Honored with Prestigious Stevie® Award
HousingWire’s 2020 Tech Trendsetters include product and technology leaders who have been indispensable in bringing innovative tech solutions to market for housing industry clients. This award recognizes the people that drive innovation for their mortgage and real estate clients.
Recently, First American Data & Analytics was proud to be recognized as a Gold Stevie Award winner in the 19th annual Stevie Awards program. Specifically, our Rapid Legal and Vesting Report was recognized within Stevie’s American Business Awards technology solutions category and received its award virtually during a live event on June 30th.
The Stevies are the U.S.A.’s premier business awards program. This year over 12,000 entries from organizations in more than 70 nations for one of eight categories were submitted. Specifically, over 3800 entries – a new record – were submitted for the American Business Awards. The awards honor organizations of all types and sizes and the people behind them, for outstanding performances in the workplace worldwide.
Our Rapid Legal and Vesting Report was recognized as a Gold Award winner for supporting lenders by leveraging artificial intelligence (AI) and optical character recognition (OCR) to drive workflow improvements through a single aggregation report. The mortgage industry faces an ongoing challenge, especially in a high-volume market to create instant and accurate access to legal and vesting descriptions. This information is a critical need for loan modifications, assignments, release and partial claims.
For newly originated loans, lenders and their tax service providers use our legal description to set up new tax lines and to monitor for taxes & escrow. Our report provides an instant, dependable and accurate legal description to be sure the correct property is being monitored. Our geo-coverage spans close to 1000 counties, representing over 70% of the country’s properties. The report, which also can be provided in batch format, is delivered both through our application and API for the legal description to be inserted wherever the lender needs it with less effort and the highest assurance of accuracy.
More About the Stevie Award
The Stevie was named for the Greek word meaning “crowned.” This year, more than 250 professionals worldwide participated in the judging vetting and selection process.
Conferred in eight programs, the Stevie’s broad national and international scope including: The American Business Awards®, the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East & North Africa Stevie Awards, The International Business Awards®, the Stevie Awards for Women in Business, the Stevie Awards for Great Employers, and the Stevie Awards for Sales & Customer Service. The Stevies also produce the annual Women|Future Conference.
“The American economy continues to show its resilience, and as we’re poised on the beginning of what should be a phenomenal period of growth, we celebrate the remarkable achievements of a wide range of organizations and people over the past 18 months,” said Stevie Awards president Maggie Gallagher. “This year’s Stevie-winning nominations in The American Business Awards are testament to the ingenuity, the commitment, the passion, the adaptability, and the creativity of the American people.”
Robert Karraa, president of First American Data & Analytics, added, “The recognition of our Rapid Legal and Vesting Report is testament to our team’s industry-leading dedication to deliver automation and data quality to the mortgage industry.”