First American Financial Corp. is set to acquire Interthinx, a provider of mortgage fraud analytics technology and tools, for $155 million, in a deal that would put the title insurer in competition with real estate and loan data aggregator Core Logic, which First American acquired in 2007 and spun off in 2010.
Interthinx’s FraudGUARD analytics platform competes with CoreLogic’s LoanSafe Fraud Manager, but Interthinx doesn’t offer many of the title and property information services that CoreLogic provides, National Mortgage News reports.
In October, CoreLogic and Interthinx settled a lengthy legal dispute regarding a patent held by CoreLogic. Last week, key claims in that patent were ruled invalid. Source: National Mortgage News
