Mortgage Connect, L.P., in collaboration with Westcor Land Title Insurance Company and X1 Analytics, has developed a new product for Fannie Mae’s Title Acceptance program, aiming to streamline the mortgage closing process and reduce consumer costs.The pilot program is part of an ongoing initiative by the Federal Housing Finance Agency (FHFA) and Fannie Mae to modernize mortgage closings and decrease expenses for consumers and taxpayers. This new offering integrates X1’s title engine capabilities with Mortgage Connect’s automated title curative and scalable closing processes.The product aims to lower costs for consumers while maintaining security for the mortgage industry. It includes a title insurance product designed to retain the core benefits and legal assurances traditionally provided by the title insurance industry, while simultaneously offering borrowers access to more affordable refinance transactions.Jeff Coury, CEO of Mortgage Connect, stated, “This product offering balances consumer cost savings with the protections our lenders and the mortgage market have come to expect from the title industry, and I am very happy to be part of this evolution.” He added, “We have had a long-term relationship with Westcor, and I’m pleased to have partnered with them on this innovative product. I want to thank Fannie Mae for their collaboration over the past two years on this pilot program. We’re very proud of the work we have done to help modernize the title industry with this forward-thinking program.”Mortgage Connect, founded in 2008, is an independent national mortgage service provider. The company supports lenders, servicers, and institutional investors by offering solutions across the entire mortgage lifecycle, including originations, servicing, and risk solutions. Mortgage Connect currently serves 18 of the top 20 lenders and servicers in the United States, focusing on innovation, operational execution, and the consumer experience.