First American Title Hits $1 Billion Milestone Funding and Closing Service

December 5, 2019

First American Title Insurance Co. announced that in less than a year more than $1 billion of real estate transactions have successfully funded and closed using FlexClose, a warehouse financing and closing service.

Provided by First American Financial Corp. subsidiary FirstFunding, the service gives lenders and real estate agents the ability to control the exact time funds arrive for a residential real estate transaction closing, even after the daily Fedwire cutoff.

FlexClose brings together the capabilities of three First American businesses: settlement services from First American Title Insurance Company, banking from First American Trust and warehouse financing services from FirstFunding.

“Surpassing $1 billion in real estate transactions funded with FlexClose reflects First American’s commitment to innovation and the company’s ongoing efforts to enhance the closing and settlement process for lenders, settlement agents, real estate agents, homebuilders and consumers,” said Chris Leavell, chief operating officer at First American Title Insurance Co. “Because we can bring together First American Title, First American Trust and FirstFunding, we can offer the real estate industry the ability to fund and close anytime, providing a level of service and flexibility that cannot be matched.”

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