MBANow: Kevin Wall of First American Mortgage Solutions

The Mortgage Bankers Association released a new MBANow video featuring Kevin Wall, CEO of First American Mortgage Solutions, Santa Ana, Calif., who discussed latest industry trends at the recent MBA Annual Convention & Expo in Denver.

The video can be viewed at https://www.youtube.com/watch?v=nd4jwSfhj14&feature=em-uploademail.

Wall said First American, like many other financial services companies, is working to take advantage of “rich data assets” to use them optimally. “We’re trying to lower the barrier of entry, if you will, with our firm and the assets of the firm,” he said.

Wall said the real estate finance industry is “a bit unshackled now” from a technology standpoint. “The industry is being given a chance to create its own roadmap,” he said. “The fintechs are leading that space and saying, ‘listen: there needs to be a modern way of interacting with legacy applications.’ So we’re really taking a cue from that. Whether it’s modern APIs [application programming interfaces]; whether it’s the use of mobility; or other modern technologies, leveraging our assets and presenting them in a more modern way is really the focus for us.”

Going forward, Wall said, lenders will continue to use technology to lowering costs to improve overall quality while focusing on the consumer experience. “There’s a real desire to be more strategic and do more with fewer,” he said. “That suits us well, given the breadth of our product suite and the asset base that we have to be able to be a more strategic partner versus just a point solution provider.”

Other videos in the MBANow series can be viewed at the MBA YouTube channel, https://www.youtube.com/watch?v=Swk2VUJeZFI&feature=em-uploademail. The videos are also available on the MBA Insights landing page, https://www.mba.org/publications/insights/insights-publication##SubscriberID####RND##&PageID=21109.