Industry News

First Am scoops up Certified Closing Network

Acquisition expands its residential relocation products

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First American has acquired Certified Closing Network, a provider of customized title clearance and settlement services for clients with residential relocation-related transactions, the company said today. CCN will become a part of First American Residential Group, a specialty business line addressing the service, technology and outsourcing needs of companies serving the residential real estate and relocation markets. Terms of the transaction, which closed on Aug.19, 2005, were not disclosed. "The high quality of the CCN team and their proven focus on customer service perfectly complements our current offerings within the relocation services arena," said Stephen C. Roney, president and chief executive officer of First American Residential Group, in a statement. Roney said the acquisition creates "exciting opportunities" for First American to develop new products and services for relocation clients. This is a busy time for First American. Last Thursday, the company announced that it h...