American Land Title Association
Home  >  News Room
News Room

SoftPro is the nation's leading provider of Real Estate Closing and Title Insurance software

North American Title Insurance Company is a seasoned title insurance underwriter that has been helping customers achieve the American dream of homeownership for more than 50 years. In the past several years, we have become known as the “underwriter next door,� because our associates are always easy to reach and our processes are, at all times, quick and straightforward. Our agency application process is fast and transparent for qualified agents. NATIC offers a one-hour underwriting response guarantee that is unparallelled in our industry. In addition, we value our agents based on their title industry knowledge and experience, not just on profits alone.

Industry News

First American Completes Acquisition Of Mortgage Analytics Provider Loanperformance

April 18, 2005

SANTA ANA, Calif., The First American Corporation (NYSE: FAF) has completed its acquisition of LoanPerformance, a major supplier of advanced analytics and information for the U.S. mortgage finance and servicing market. The transaction was approved by LoanPerformance shareholders and was completed on April 13, 2005. Terms of the transaction, which will be accretive to First American in 2005, were not disclosed.

San Francisco-based LoanPerformance is an industry leader in developing mortgage performance and risk analytics used for benchmarking, predictive modeling and market and securities analysis. LoanPerformance has also assembled an exceptional team of quantitative analytics specialists who are also experts on the mortgage industry. The foundation of the company’s analytics is an industry-wide cooperative database of more than 100 million loans contributed by the leading mortgage servicers, securitizers and portfolio lenders in the United States. With its cooperative database as a foundation, and access to First American’s real property information, LoanPerformance is uniquely positioned to create increasingly valuable mortgage credit and prepayment analytics for all segments of the mortgage industry.

Parker Kennedy, chairman and chief executive officer of The First American Corporation said: “LoanPerformance is a strong and valuable addition to the First American family of companies. We are eager to begin leveraging the expertise of LoanPerformance’s analytical staff as we evolve into the next phase of our business as a data and analytics company. We are also evaluating acquisition opportunities of other data and analytics providers to augment these services, and we plan to extend analytics to every dimension of our growing data business.”

In addition to its state-of-the-art advanced mortgage analytics capabilities, LoanPerformance brings First American customers that include government sponsored entities, ratings agencies, mortgage-backed securities investors and major Wall Street investment banks, as well as the country’s largest mortgage lenders and servicers. LoanPerformance also offers First American exciting new products like PreTell, which is an advanced mortgage prepayment score that measures the propensity of a borrower to prepay their mortgage.

Source: The First American Corporation

Print Friendly

How To Find Us:
American Land Title Association
1800 M Street, NW, Suite 300S
Washington, D.C. 20036-5828
P. 202.296.3671 F. 202.223.5843
Copyright © 2004-2015 American Land Title Association. All rights reserved.
SecurityMetrics for PCI Compliance, QSA, IDS, Penetration Testing, Forensics, and Vulnerability Assessment