First American Completes Deal for Docutech

March 3, 2020

First American Financial has completed its $350 million acquisition of Docutech, a provider of document, e-closing and fulfillment technology.

Founded in 1991, Docutech provides solutions that have contributed to the industry’s evolution toward a digital real estate closing experience.

“The Docutech acquisition demonstrates our ongoing commitment to invest in and grow our core business,” said Dennis Gilmore, chief executive officer at First American Financial. “It also reflects our dedication to improving the home-buying experience and driving the digital transformation of the real estate settlement process. Together, we’re uniquely positioned to provide collateral file management from the inception of the mortgage process through post-closing, which will help accelerate the evolution of real estate closings.”

Docutech’s technology enhances First American’s ability to provide lender customers with beginning-to-end digital mortgage and settlement services and deliver a more digital experience to their borrowers. Docutech’s technology platform is integrated with leading third-party and proprietary loan origination systems and reaches more than 175 lenders.

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