Posted by CommLoanPA on 11/17/08 6:17pm
Msg #269929

Confusion about First American

I'm new to this business but not to real estate loans. I love this forum because it's teaching me so much. I'm in a very rural area so my market will differ greatly from the majority of the contributors to Notary Talk. Here's my question--How are First American Title and First American Signing Services connected?

Reply by MistarellaFL on 11/17/08 6:42pm
Msg #269936

I've never worked for FASS, I have always worked direct with LandAm.
Sorry, but I personally don't know any more than that.

Reply by SheilaSJCA on 11/17/08 6:56pm
Msg #269940

FASS is another way for First American to get more of the pie. They are already doing the title and escrow work, but they can also charge a fee to do the loan signing, and make more money, by hiring a notary for accomodation* signings, etc. giving the notary a small split (I do mean small) and keeping the rest. (*signings that for whatever reason, are not going to be signed off at the branch office). They can even promote their services, just like any other signing company, and get other loan closing work, keeping part of the fee for themselves.