First American's Mortgage Solutions Group Named a Freddie Mac Distributor
First American Financial Corporation has announced that its Mortgage Solutions Group is now a distributor of Freddie Mac’s Home Value Suite, a defined set of valuation modeling tools that automate, streamline and drive down the cost of collateral valuation in the housing market. First American Mortgage Solutions was named as an approved distributor based on the company’s long-standing history as a leading reseller of several automated valuation models (AVMs)—specifically Freddie Mac’s AVM, Home Value Explorer (HVE)—to lenders, servicers and investors. The distributor arrangement is an extension of the current reseller agreements in place since 2000.
“First American Mortgage Solutions is committed to Freddie Mac’s HVE and we are thrilled to be an approved distributor so we can provide mortgage lending customers with lower product pricing and increased certainty in their lending as they continue efforts to produce defect-free mortgages,” said Kevin Wall, president of First American Mortgage Solutions.
As an approved distributor of the Home Value Suite, First American Mortgage Solutions provides AVM services to a broad sector of the mortgage industry via direct connection with Freddie Mac. This distributor relationship also provides increased reliability in model performance due to direct connections, an improved focus on AVM evaluation criteria, and the ability to offer Freddie Mac products, including both HVE and Calibrator, directly to lenders and reseller clients.