First American buying B of A mortgage lien release business

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First American Financial Corp. has announced that it will acquire Bank of America’s lien release business, which includes an agreement to provide these services to Bank of America. The transaction is expected to close in the first quarter of 2018, and the bank’s lien business employees will become part of First American’s Mortgage Solutions division.

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Will provide lien release services for bank. First American first announced the deal back in December, saying the transaction would be completed during the first quarter of this year. The major deal makes Bank of America’s lien release business and its employees part of First American’s mortgage solutions division. As part of the agreement,

First American Acquires Bank of America’s Lien Release Business. in Headlines, journal, News, Servicing February 4, 2018 577 Views

* FIRST AMERICAN FINANCIAL CORP – BANK OF AMERICA’S LIEN RELEASE BUSINESS AND ITS EMPLOYEES WILL BECOME PART OF CO’S MORTGAGE SOLUTIONS DIVISION * FIRST AMERICAN FINANCIAL CORP.

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"We’re excited to soon welcome the Bank of America lien release team to First American," said Dennis J. Gilmore, chief executive officer at First American Financial Corporation.