Dexma, FirstAm Align to Automate POS

Minneapolis-based Dexma has formed a strategic partnership with First American Fulfillment Solutions, Jacksonville, Fla., to offer a point-of-sale application directly to First American Fulfillment Solutions customers.The product is geared toward small and midsize lenders currently using First American Fulfillment Solutions for outsourced processing. Specifically, Dexma has developed a transactional consumer/retail website for First American, which can be offered on a private-label basis to its customers. These sites enable consumers and loan officers to obtain loan approvals from either Fannie Mae's DO/DU or Freddie Mac's Loan Prospector. In addition, the consumer/retail platform is already integrated with the outsource processing platform and fully supported by First American. In 2004, First American acquired LOS Xsequor, now called First American Fulfillment Solutions, to expand its role as a fulfillment outsourcer. The new combination of First American and Dexma was designed to further First American's origination technology offering and broaden Dexma's customer base, according to First American. The companies can be found on the Web at http://www.dexma.com and http://www.firstam.com.