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First American Financial Corporation reports developments in title insurance, settlement services and risk solutions for real estate transactions. Recurring updates include quarterly financial results for its Title Insurance and Services and Home Warranty businesses, commercial real estate transaction activity, investment income, share repurchases and capital management.
The company also announces technology and data initiatives through First American Title, First American Data & Analytics and ServiceMac. Company news covers AgentNet and AI-assisted title tools, FraudGuard mortgage-risk analytics, valuation and information products, mortgage subservicing workflows, home warranty products, and banking, trust and wealth management services offered through its real estate transaction platform.
First American Title Insurance Company has announced an expanded availability of Remote Online Notarization (RON) for residential real estate transactions, enhancing flexibility and safety for home buyers and sellers. As state laws adapt post-pandemic, the company is now able to offer RON in 32 states, supporting over 1,000 RON transactions monthly. The adoption of RON has surged, with Notarize reporting an 800% increase in real estate volume since 2019. This initiative aligns with First American's commitment to digital transformation in the title and settlement industry.
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First American Financial Corporation (NYSE: FAF) has announced Lisa Cornehl as the new senior vice president and chief legal officer. Cornehl is tasked with developing the company’s legal strategy and managing its legal affairs. Previously, she was deputy general counsel for litigation and chief privacy officer. Cornehl, who joined First American in 2011, will also be part of the executive management team. The company reported total revenue of $7.1 billion in 2020 and has been recognized as one of the Fortune 100 Best Companies to Work For for six consecutive years.
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First American Financial Corporation (NYSE: FAF), a leader in title insurance and real estate risk solutions, will participate in a fireside chat at the KBW Virtual Title Day conference on September 21, 2021, at 11 a.m. EDT. A live webcast and replay will be available on the company’s website. With total revenue of $7.1 billion in 2020, First American also offers various services including title plant management and home warranty products. The company was recognized in Fortune's 100 Best Companies to Work For for six consecutive years.
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AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (ICRs) of 'a' (Excellent) for First American Title Insurance Company and its affiliates. The ratings reflect FATIG's strongest balance sheet strength and adequate operating performance. First American Financial Corporation (FAF) also received a Long-Term ICR of 'bbb' (Good) with a stable outlook. FATIG, the second-largest U.S. title insurance underwriter, benefits from a solid market position and strong enterprise risk management.
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First American Docutech has integrated its Solex eSignature solution with MortgageHippo’s digital mortgage platform, enabling lenders to streamline the eSigning of mortgage disclosures. This collaboration enhances convenience for borrowers and lenders by offering secure access and a faster, more cost-effective process for document handling. First American Docutech aims to digitize and expedite lending workflows, while MortgageHippo’s no-code platform provides a highly configurable user experience. This integration is expected to increase eSignature adoption, reducing costs associated with mailing printed disclosures.