Financial Institution Reporting System
(FIRSt)
The Financial Institution Reporting System (FIRSt), ChoicePoint's loss payee notification service, is a complete, outsourced solution for producing and delivering lien holder, mortgagee and additional insured notices. Customers can achieve substantial savings in their loss payee notification expense by taking advantage of ChoicePoint's economy of scale, while simultaneously reducing risk, increasing operational efficiency, improving customer service and virtually eliminating returned mail.
Increase Profitability
FIRSt's economy of scale can lower the cost of processing financial institution notifications by 50 percent or more.
Virtually Eliminate Returned Mail
FIRSt's extensive financial institution database and rigorous returned mail process can decrease returned mail rates to 0.1 percent.
Raise Operational Efficiency
FIRSt handles notice production, proof of mailing and delivery, returned mail and compliance, so you don't have to.
Reduce Risk
More notifications delivered to the right place the first time means fewer inquiries, complaints and potential claims.
Create Synergy
All ChoicePoint insurance verification products are available through a single interface.
Call 866-203-1962 or e-mail CP.InsProductInfo@ChoicePoint.com.
The FIRSt service does not involve the provision of a consumer report as defined by the federal Fair Credit Reporting Act ("FCRA"), 15 USC 1681 et seq. Information provided via the FIRsT service may not be used to determine eligibility for credit, employment, insurance underwriting, tenant screening or for any other purpose that is governed by the FCRA.
