First American Financial Completes Acquisition of Interthinx, Inc.
Proquest LLC
First American Financial Corp., a global provider of title insurance, settlement services and risk solutions for real estate transactions, announced the completion of its acquisition of Interthinx, Inc., a provider of loan quality analytics, decision support tools and loan review services for the mortgage industry, from Verisk Analytics, Inc.
According to a release, Interthinx provides financial institutions with solutions to mitigate mortgage lending risk. Established in 1996, the company is best known for FraudGUARD, its 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 Corp. "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."
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