First America Announces Two New Business Lines
First America, the country’s largest provider of business information, announced the creation of two new business lines: the Valuations and Property Solutions business line and the Outsourcing and Technology Solutions business line. The Valuation and Property Solutions business line will include First American eAppraiseIT, a national appraisal management company; First American Residential Value View; and First American Field Services. “We are moving toward a single platform that will allow clients to automatically match the appropriate valuation product—full appraisal, desk-review, BPO or specialty automated valuation model (AVM)—to specific product risk, using cascading logic,” said Joni Pierce, Chief Operating Officer of First American Residential Value View. Pierce said the move is intended to increase the company’s ability to share technology and best practices to better select and manage the independent appraisers, Realtors® and field service providers who generate valuations and property information.
The Outsourcing and Technology Solutions business line will include First American’s National Default Outsourcing, National Claims Outsourcing, Loss Mitigation Services, Default Technologies, Loan Production Solutions, REO Servicing and Global Offshore Services.