First American Financial Completes Acquisition of Interthinx, Inc.
– Purchase Expands the Company’s Loan Quality Assurance Offerings –
March 12, 2014, Santa Ana, Calif.
First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today announced the completion of its acquisition of Interthinx, Inc., a leading provider of loan quality analytics, decision support tools and loan review services for the mortgage industry, from Verisk Analytics, Inc. (Nasdaq: VRSK).
Interthinx, based in Agoura Hills, Calif., provides financial institutions with solutions to mitigate mortgage lending risk. Established in 1996, the company is best known for FraudGUARD®, its market-leading mortgage fraud analytics product.
“We are very pleased to welcome Interthinx to the First American family,” said Dennis J. Gilmore, chief executive officer of First American Financial Corporation. “The integration of Interthinx’s analytic services with First American’s title and settlement processes will benefit our lender customers, as they work to meet the demanding loan-quality requirements brought on by recent regulatory changes. By tightly integrating First American’s title and settlement processes with the analytic services of Interthinx, we’re in a unique position to provide the industry’s most robust loan-quality assurance solution – from application to closing.”
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 $5.0 billion in 2013, the company offers its products and services directly and through its agents throughout the United States and abroad. More information about the company can be found at www.firstam.com.