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First American teams with ComplianceEase

Alliance seeks to streamline real estate loan compliance

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First American Real Estate Solutions, a provider of advanced property and ownership information, analytics and services, today announced that it has purchased a minority interest in ComplianceEase, a provider of regulatory compliance and risk management tools for the financial services industry. The two companies have also formed a strategic alliance. Through the new partnership ComplianceEase's ComplianceAnalyzer product will be integrated into First American's mortgage technology platforms to provide lenders and investors with an automated compliance tool that allows them to streamline their processes and avoid costly fines and lawsuits, according to the announcement. ComplianceAnalyzer automatically performs thousands of checks and calculations to ensure compliance on every loan that is originated or purchased. "Our clients require more advanced methods of ensuring that regulatory requirements are met," said George Livermore, president of The First American Corp.'s Property and ...