First American Title Insurance Company, based in Santa Ana, California, recently introduced a new Mortgage Services division, which will address the title, settlement, and valuation needs of residential originators with national retail platforms.

The new business unit will replace two legacy divisions of First American Title Insurance Company: National Lenders Advantage and Equity Loan Services.

According to a statement from the company, it will support many of the nation’s largest financial institutions

in pursuing a national strategy for residential origination that focuses on speed, efficiency, customer satisfaction, and cost reduction by providing custom closing solutions, leveraging the strength of a national underwriter, applying proprietary technology, and tapping into the extensive resources available within the First American family of companies.

“First American understands that mortgage originators need more than a central point of contact to be competitive in a volatile market,” said Pat McLaughlin, manager of the new division. “We’ve listened closely to our clients and invested in the technology, personnel, and infrastructure that our organization needs to support complex relationships with top national lenders.”

McLaughlin added, “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.”

First American Title Insurance Company is the largest subsidiary of First American Financial Corporation and traces its history to 1889. It is one of the largest title insurers in the nation.