First American Financial To Buy Interthinx For $155 Mln - Quick Facts

(RTTNews) - First American Financial Corp. (FAF), a provider of title insurance, settlement services and risk solutions to participants in real estate transactions, Thursday announced the signing of an agreement with Verisk Analytics, Inc. (VRSK) to acquire Interthinx, Inc., a provider of loan quality analytics, decision support tools and loan review services for the mortgage industry.

The purchase price is $155 million and the transaction is expected to close by March 31. The deal is estimated to be accretive to First American's 2014 earnings.

Established in 1996, Interthinx provides solutions to help clients minimize risk, increase operational efficiencies, satisfy regulatory requirements, manage data verification and ensure compliance.

The company is best known for FraudGUARD, its market-leading mortgage fraud analytics product.

BofA Merrill Lynch is acting as financial advisor, and McGuireWoods LLP as legal advisor, to First American in connection with the transaction.