First American Financial Corporation, a provider of title insurance, settlement services and risk solutions for real estate transactions, announced Wednesday that it completed the acquisition of RedVision Systems, an independent national provider of title and real property research.
The deal was initially announced earlier this month. Financial terms of the deal were not disclosed.
Under the terms of the deal, RedVision will operate as part of First American’s Data and Mortgage Solutions division as a business unit, continuing under its current brand and with its current management team.
According to First American, RedVision CEO Brian Twibell will continue to lead the business.
"It’s exciting to officially welcome RedVision to the First American family of companies. By connecting First American’s industry-leading title and property data and recorded documents with RedVision’s nationwide technology platform and services, we’re strengthening First American’s ability to deliver superior quality, coverage and operational flexibility to our customers," said George Livermore, executive vice president of First American’s Data and Mortgage Solutions division.
“This move will also allow First American’s Data Trace group to leverage RedVision’s real property data to quickly and efficiently build additional digital title plants. RedVision’s innovative workflow and national professional services teams will now have access to Data Trace’s information, allowing RedVision to expand its product offerings and enhance its service levels,” Livermore added.