Terms of the deal were not divulged.
The deal expands First American Mortgage Solutions’ existing valuation capabilities by giving customers access to an integrated valuation solution that provides access to staff appraisers nationwide. These appraisers are available through Forsythe Appraisals and other panel appraisers.
It also gives First American opportunities to mash up its voluminous mortgage and appraisal data with data collected by Forsythe Appraisals. As such, the deal will help First American Mortgage Solutions further improve its data and analytics offerings.
“We are delighted to have Forsythe Appraisals join the First American family,” says Kevin Wall, president of First American Mortgage Solutions, in a release. “With more than 75 years of appraisal expertise and a loyal, blue-chip client base, the addition of Forsythe Appraisals accelerates our efforts to help lenders and appraisers deliver a defect-free mortgage while providing a superior consumer experience.”
Forsythe’s management team – including John Forsythe, president and CEO; Tim Forsythe, senior director of customer development; and Alan Hummel, chief appraiser – will continue to lead the firm’s operations.
“Joining the First American family strengthens our ability to provide our customers with continually improving valuation products and services in today’s changing business and regulatory landscape,” says John Forsythe. “The Forsythe team will now have access to First American’s industry-leading property data, as well, further enhancing the quality, accuracy and speed of our appraisals.”