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First American Financial acquires mortgage banking technology provider

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First American Financial acquires mortgage banking technology provider

First AmericanFinancial Corp. has acquired TD Service Financial Corp., a providerof technology and services to the mortgage banking industry.

TD Service Financial is the parent of three units includedin the deal: TD Service Co., Security Connections Inc. and TD Quality ControlServices. TD Service Financial and its units will become part of FirstAmerican's mortgage solutions division.

TD Service Financial founder and Chairman Dale Dykema andCo-Chairman Sandi Dykema will retire following the acquisition, and currentPresident and COO Robert Phelps will join the leadership team serving underFirst American Mortgage Solutions President Kevin Wall.