First American Financial Corp., a global provider of title insurance, settlement services and risk solutions, is acquiring RedVision Systems Inc., an independent national provider of title and real property research.
Terms of the deal were not disclosed.
In a release, George Livermore, executive vice president of First American’s data and mortgage solutions division, said, “RedVision’s data, technology and services complement First American’s existing title search and title evidence production and will further expand First American’s industry-leading position in title and property data.”
RedVision, which is based in New Jersey, offers title evidence solutions, including data, technology and managed services focused on the procurement and processing of title information. The company’s proprietary technology includes its production platform, TitleVision2, and Nova, which offers a customizable and scalable solution for title research and production.
RedVision will become part of First American’s data and mortgage solutions division. It will operate as a business unit under First American’s brand and its management team.
CEO Brian Twibell will continue to lead the business.