First American Corp. plans to close its real estate loan services office on Milwaukee’s northwest side by the end of the year, eliminating 169 jobs, the Greater Milwaukee Business Journal reported late Monday.

First American expects to close its First American National Default Outsourcing office at 7800 N. 113th St. on Dec. 30, according to a Worker Adjustment and Retraining Notification Act filing Monday with the Wisconsin Department of Workforce Development, the Journal reported.

The closure will be permanent, according to the Journal.

The Milwaukee operation is part of First American’s mortgage information segment, which provides loan origination and administration products, including mortgage-related default and loss mitigation services, for customers nationwide.

This has been a busy time for First American. Earlier this month, the company announced the acquisition of Certified Closing Network, a provider of customized title clearance and settlement services for clients with residential relocation-related transactions, the company said today.

A week before the CCN acquisition, the company announced that it had added a compliance element to its document management system, integrating ComplianceEase’s ComplianceAnalyzer with its Document Management System.

First American is a $6.7 billion provider of insurance, mortgage, property and credit data based in Santa Ana, Calif. The First American family of title insurance companies had a 28.62 percent market share in the industry in the first quarter of 2005, according to market share data from the American Land Title Association. First American pulled in $1.09 billion in revenue in that quarter.

***

Send tips or a Letter to the Editor to janis@inman.com or call (510) 658-9252, ext. 140.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
We are less than 1 week away from Inman Connect! Get your ticket for $99 before prices go up next week.GET YOUR TICKET×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription