First Advantage Corp., a global risk mitigation and business solutions provider and a subsidiary of The First American Corp., today announced that it has acquired the mortgage credit-reporting assets of Credit Data Services (CDS) from Experian.
The transaction provides additional Southeastern market share to First Advantage’s mortgage credit company – First American CREDCO – and is the latest acquisition in the execution of First Advantage’s growth strategy.
In support of Experian’s joint venture agreement with The First American Corp., which extends to First Advantage, Experian is selling the mortgage credit-reporting assets to First American CREDCO, a division of First Advantage. First American CREDCO is the preferred distributor of Experian credit reports to the mortgage finance sector.
CDS, a provider of consumer credit, business information services and mortgage services, was acquired by Experian earlier this year. Based in Maitland, Fla., the CDS mortgage business provides mortgage credit and real estate services to national lenders and mortgage brokers, with a concentration of customers in the Southeast.
First Advantage provides a suite of services to assist more than 45,000 clients nationwide with information to minimize risks undertaken when employing, leasing, underwriting, contracting and investing in people.
Experian, a subsidiary of GUS plc, provides information products and services to organizations and consumers.
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