First American Corp. is merging four subsidiaries into a single company, MarketLinx, which will provide technology for multiple listing services, brokers and agents.
The four subsidiaries being merged are First American MLS Solutions Inc., Offutt Systems, Sonic Eagle Inc. and Lucero Research Corp., the company said today in a statement.
MarketLinx products and services will now include the MLXchange, TEMPO and InnoVia MLS systems; AgentAchieve, a Web-based software solution that provides broker business management and agent productivity tools; and Lucero Summit residential real estate office management software systems.
MarketLinx will operate under the direction of the existing First American MLS Solutions, Offutt Systems, Sonic Eagle and Lucero management teams, led by MarketLinx executive vice presidents Bryan Foreman, Mike Lancaster and Leonard Troutner, all reporting directly to Roney. Foreman will also continue in his role as president of MLS operations.
First American MLS Solutions was launched in 2005 as a new division of First American Residential Group. It combined First American subsidiaries MarketLinx Solutions and Interealty to provide customizable Web-based products for multiple listing services and real estate associations.
First American and its subsidiaries provide title insurance and services, specialty insurance, mortgage information, property information, and risk mitigation and business solutions. First American has approximately 2,100 offices throughout the United States and abroad which generated revenues of $8.1 billion in 2005.