First American Mortgage Solutions has launched a new tool that monitors a consumer’s credit from application to closing.

The firm announced Tuesday that the Mortgage Forbearance Indicator (MFI) module is now available via FraudGuard. First American described FraudGuard as a decision-support tool that helps lenders comply with regulations, improve the speed and efficiency of underwriting reviews, and increase loan quality while mitigating against potential risk.

“In this fluid environment, agency guidelines and lender overlays are ever-changing, and our industry experts help lenders respond and stay up to date with customized, targeted FraudGuard alerts,” said Paul Harris, head of First American’s mortgage analytics business.

Through FraudGuard, MFI tracks a consumer’s credit to identify mortgage forbearance and alerts the processor and underwriter when a new activity is found. The new forbearance module is also fully compatible with all major loan origination systems. This streamlines the process to quickly uncover undisclosed forbearance requests, shortens underwriting timelines, and helps lenders avoid potential agency fees or unsaleable loans.

“Not only is our newest forbearance module flexible, configurable and scalable to unique business needs, but with FraudGuard as a whole, users experience concierge service from industry expert account managers who advise and provide support for full confidence against risk.”

Moreover, the FraudGuard MFI delivers integrated ordering by document type or business channel and continual monitoring, which allows better control of third-party data expenses.

“The Mortgage Forbearance Indicator reflects the commitment of our skilled team of experts to continually build solutions to meet the evolving business needs of our clients and the marketplace,” said Kevin Wall, president of First American Mortgage Solutions. “FraudGuard continues to stand-out among loan quality management tools.”