First American Title Insurance Company (FAF) is launching a new Mortgage Services division, consolidating the two current divisions National Lenders Advantage and Equity Loan Services. The new platform is designed to address the title, settlement, and valuation needs of residential originators on a national spectrum. "Our newly formed division better represents us as an innovative company with the capacity and experience to successfully deploy cost- and risk-reduction solutions for the mortgage industry," said the division manager, Pat McLaughlin. First American Title has assisted originators in closing mortgages since 1983, when the former two branches were both created. The launch comes after a successful second quarter when First American Title reported a net income of $33.8 million, up 18% from a year ago. First American Title Insurance is a subsidiary of First American Financial Corporation, an international financial servicing firm. The company recently changed the name of its servicing division as well. Write to Christine Ricciardi. Disclosure: The author holds no relevant investments