First American to Acquire Loan Quality Analytics Company

February 11, 2014

First American Financial Corp. has signed an agreement with Verisk Analytics Inc. to acquire Interthinx Inc., a provider of loan quality analytics, decision support tools and loan review services for the mortgage industry.

Established in 1996, Interthinx provides solutions designed to help clients minimize risk, increase operational efficiencies, satisfy regulatory requirements, manage data verification and ensure compliance. The company is best known for FraudGUARD, its mortgage fraud analytics product.

"The sweeping market and regulatory changes of the past several years have led to more demanding mortgage origination requirements," said Dennis Gilmore, chief executive officer of First American Financial."Our customers have expressed to us a desire for tighter integration between loan origination activities, loan quality verification processes, and title and settlement services.

"First American already assures quality throughout the title and settlement process. The added capabilities of Interthinx will allow us to leverage our central role in real estate transactions to offer our customers further assurances in areas that present risk, including fraud; identity and income validation; collateral adequacy; and compliance. This puts First American in a unique position to provide the industry’s most robust loan-quality assurance solutions – from application to closing,” Gilmore added.

The purchase price is $155 million and the transaction is expected to close by March 31, subject to customary closing conditions, including certain regulatory reviews.

"We’re delighted by the opportunity to combine our expertise with that of First American, a company known for its integrity, innovation and solid commitment to the real estate community," said Jeff Moyer, president of Interthinx.


Contact ALTA at 202-296-3671 or communications@alta.org.

SoftPro, based in Raleigh, NC, offers a mature suite of products, designed specifically for the closing and title industry. Our mission is to serve our client base, with best-in-class products and services. Our products are modular so we don't force you to buy anything you don't need. You can always add on as your business grows. Unlike other software companies, we view the sale as the beginning of the relationship rather than the end. North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.