Mortgage Builder Software’s Loan Origination System Integrates with First American Flood Data Services

Flood certification interface delivers mandatory loan data without leaving origination system

Mortgage Builder Software, Inc., provider of end-to-end mortgage banking software, announced that First American Flood Data Services has integrated its flood certification process into Mortgage Builder’s loan origination system (LOS), providing an instant response for a flood determination request. Users of Mortgage Builder software now have the ability to order a flood determination from within the system. The flood certificate is returned automatically with useful fields populated into the loan application. When requesting a flood certification in Mortgage Builder, a MISMO-compliant data file is transmitted to First American via Web services. The data returned includes the census tract identifier, MSA identifier, county code and additional flood mapping fields indicating to the user if there is a flood insurance requirement. The automatic importation of flood data saves time and reduces errors as well as secondary market risks.



Guided by federal regulations, First American’s flood zone determinations are based upon current FEMA Flood Insurance Rate Maps. The company’s proprietary process uses a multi-level database comprised of two complementary processes. The first component utilizes a vast property database of nearly two decades worth of manually completed determinations. The second process uses state-of-the-art geographic information systems technology, which gives a current, digitized data view of a geographic location. This technology provides a high level of accuracy for every flood determination.



“Adding a convenient flood certification interface within Mortgage Builder’s LOS is truly a time saver,” said Keven Smith, president of Mortgage Builder Software. “In addition to our outstanding customer service, we continue to enhance our software to give our customers a great, full-featured product.”

The First American Corporation (NYSE: FAF) is a FORTUNE 500® company that traces its history to 1889. With revenues of approximately $8.2 billion in 2007, it is America’s largest provider of business information. First American combines advanced analytics with its vast data resources to supply businesses and consumers with valuable information products to support the major economic events of people’s lives, such as getting a job, renting an apartment, buying a car or house, securing a mortgage and opening or buying a business. The First American Family of Companies, many of which command leading market share positions in their respective industries, operate within five primary business segments, including: Title Insurance and Services, Specialty Insurance, Mortgage Information, Property Information and First Advantage. More information about the company and an archive of its press releases can be found at www.firstam.com.

About Mortgage Builder Software, Inc.

Headquartered in Southfield, Mich., Mortgage Builder Software, Inc. has been providing high-quality loan origination software (LOS) to mortgage bankers, community banks, credit unions and financial institutions for over 10 years. Mortgage Builder® is an end-to-end mortgage lending solution for both retail and wholesale production. Their flagship product delivers everything from pre-qualification and Web integrated services through interim servicing and loan delivery. Mortgage Builder maintains the highest customer retention in the industry and is the first provider of a Linux-based LOS. Mortgage Technology Magazine has named Mortgage Builder as one of the industry’s Top 50 Service Providers in addition to being a finalist for Mortgage Technology’s 2007 Help Desk award, which recognizes outstanding customer service. For more information, visit http://www.mortgagebuilder.com.

PRESS CONTACT:

Jim Hennessy

Strategic Vantage for Mortgage Builder Software

(858) 774-0201

JimHennessy@StrategicVantage.com