First American to Acquire Docutech

February 13, 2020

First American Financial Corp. announced plans to acquire Docutech, a provider of document, e-close and fulfillment technology for the mortgage industry, for $350 million.

The transaction is expected to close by the end of March, subject to customary closing conditions.

Founded in 1991, Docutech leverages technology to help financial institutions provide regulatory-compliant loan documents for mortgage and home equity lending. The company’s solutions are used by lenders across the U.S. and have contributed to the industry’s evolution toward a digital real estate closing experience.

“The acquisition of Docutech reflects our steadfast commitment to invest in and grow our core business,” said Dennis Gilmore, chief executive officer at First American. “Moreover, it demonstrates our dedication to improving the home-buying experience for consumers and driving the digital transformation of the real estate settlement process. We’re excited to soon welcome to First American the people of Docutech, a highly respected leader in the document technology solutions industry. Together, we will accelerate the evolution of real estate closings.”

The acquisition of Docutech complements First American’s existing capabilities, and property and homeownership data, advancing First American’s ability to provide lender customers with end-to-end digital mortgage and settlement services. Docutech’s technology platform, which is fully integrated with third-party and proprietary loan origination systems and reaches more than 175 lenders, deepens First American’s relationships with these industry players.

Docutech’s management team, including President and CEO Amy Brandt, will continue to lead the company’s operations.

“Joining the First American family strengthens our ability to provide products and services that help lenders offer a more digital mortgage experience and adapt to today’s changing business landscape,” Brandt said. “The Doctutech team will now have enhanced access to First American’s industry-leading property data and its other industry-leading products and services, further enhancing the quality, accuracy and speed of our services.”

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