First American Mortgage Solutions, LLC Acquires Forsythe Appraisals, LLC
Acquisition complements and expands valuation capabilities, offering lenders a unique mix of valuation options with nationwide reach
April 1, 2016, Santa Ana, Calif.
First American Mortgage Solutions, LLC, a subsidiary of First American Financial Corporation (NYSE: FAF), today announced its acquisition of Forsythe Appraisals, LLC. Forsythe Appraisals is the largest independent residential appraisal company in the United States, offering comprehensive real estate valuation solutions with nationwide coverage. The acquisition of Forsythe Appraisals augments First American Mortgage Solutions’ existing valuation capabilities, providing lender customers with extensive valuation options aimed at quality, efficiency and compliance.
First American Mortgage Solutions can now offer lenders an integrated valuation solution that provides access to staff appraisers nationwide through Forsythe Appraisals and top-quality panel appraisers. This new valuation offering includes software solutions from ACI, fraud detection, loan quality and compliance analytics supported by First American’s number one industry position in real property data coverage. The expanded valuation capabilities broaden First American Mortgage Solutions’ end-to-end offerings and support its commitment to the Pursuit of Certainty in Lending™.
“We are delighted to have Forsythe Appraisals join the First American family. With more than 75 years of appraisal expertise and a loyal, blue-chip client base, the addition of Forsythe Appraisals accelerates our efforts to help lenders and appraisers deliver a defect-free mortgage, while providing a superior consumer experience,” said Kevin Wall, president of First American Mortgage Solutions.
Forsythe’s management team, including President and CEO John Forsythe, Senior Director of Customer Development Tim Forsythe, and Chief Appraiser Alan Hummel, will continue to lead those operations.
“Joining the First American family strengthens our ability to provide our customers with continually improving valuation products and services in today’s changing business and regulatory landscape. The Forsythe team will now have access to First American’s industry-leading property data, as well, further enhancing the quality, accuracy and speed of our appraisals,” said John Forsythe. “Our employees will also benefit by being part of a company recognized in 2016 by Fortune® magazine as one of the 100 best companies to work for in America.”
About Forsythe Appraisals, LLC
Since 1940, Forsythe Appraisals, LLC has built a reputation for delivering superior customer service and high-quality appraisals. The firm’s long-standing commitment to quality and consistency throughout the organization continues to attract and retain high-caliber appraisers. Forsythe has branch offices strategically located from coast to coast, serving most major metropolitan areas. For more information, visit www.forsytheappraisals.com.
About First American Mortgage Solutions
First American Mortgage Solutions, a part of the First American family of companies, provides comprehensive solutions for residential lenders and servicers covering the entire loan spectrum. First American Mortgage Solutions, together with First American’s broader capabilities, serves as a single source for title and settlement, data and analytics, fraud and verification, regulatory compliance, valuation and collateral risk, quality control, fulfillment services, and default services. More information about First American Mortgage Solutions can be found at www.firstam.com/mortgagesolutions.
About First American
First American Financial Corporation (NYSE: FAF) is a leading provider of title insurance, settlement services and risk solutions for real estate transactions that traces its heritage back to 1889. First American also provides title plant management services; title and other real property records and images; valuation products and services; home warranty products; property and casualty insurance; and banking, trust and investment advisory services. With revenues of $5.2 billion in 2015, the company offers its products and services directly and through its agents throughout the United States and abroad. In 2016, First American was recognized by Fortune® magazine as one of the 100 best companies to work for in America. More information about the company can be found at www.firstam.com.