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First American to acquire Bank of America's lien release business

First American Financial Corp. has agreed to acquire Bank of America Corp.'s lien release business.

The transaction's terms include an agreement to provide lien release services to Bank of America in the future. After the deal closes, Bank of America's lien release business and its employees will become part of First American's mortgage solutions division.

The deal is expected to close in the first quarter of 2018.