Industry News

First American RES, CoreLogic in merger

First Am expands presence in mortgage risk assessment

The First American Corp. announced today a merger of its First American Real Estate Solutions division with CoreLogic Systems Inc., a developer of mortgage risk assessment and fraud detection software. CoreLogic and First American RES are both based in Sacramento, Calif. For the time being, the merged companies will maintain separate staff and operations, and continue to offer existing products and services under both brand names. The company is evaluating "a future transition to a unified brand," The First American Corp. said in a statement. George Livermore, currently president of First American's Property Information and Services segment, has been appointed president of the new company. Steve Schroeder, formerly chief executive officer of CoreLogic, will oversee the mortgage risk analytics as executive vice president of risk management. "There will be no change to your products and services or how your business is served. All contact information and office locations will remai...

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