First American Financial Corp., a Santa Ana-based insurance and financial services company, announced Thursday that it will acquire Interthinx Inc., a provider of loan quality analytics, for $155 million.
First American is the second-largest U.S. title insurer. Interthinx’s services are designed to help mitigate risk in the mortgage and retail lending marketplace.
“The sweeping market and regulatory changes of the past several years have led to more demanding mortgage origination requirements,” said Dennis Gilmore, CEO of First American Financial Corp.
He added that Interthinx, which is headquartered in Agoura Hills, will allow the company to leverage its role in real estate transactions to offer customers further assurances in areas that present risk, including fraud, identity and income validation, collateral adequacy and compliance.
First American will purchase Interthinx from Verisk Analytics Inc.
The deal is expected to close March 31.
First American previously operated a mortgage fraud detection business when it owned First American CoreLogic.
