First American CoreLogic Buys Basepoint Analytics

Posted by Orb Staff on June 19, 2009 No Comments
Categories : Residential Mortgage

American CoreLogic has announced its purchase of BasePoint Analytics LLC, a provider of predictive analytic fraud and risk management solutions for the mortgage and global banking industries. The two companies formed a strategic partnership in 2005, with First American CoreLogic holding a 40% minority interest in the company. The most recent transaction includes BasePoint Analytics' patent-pending process for fraud detection that uses analytics in the review of loan applications. "The complete acquisition of BasePoint Analytics provides an opportunity to intensify and accelerate the combination of First American CoreLogic's data and analytic resources with BasePoint Analytics' proven fraud technologies," says George Livermore, CEO of First American CoreLogic. Tim Grace has been appointed senior vice president of fraud analytics and will oversee the development and management of First American CoreLogic's fraud analytics solution suite. Grace was formerly president and chief operating officer of BasePoint Analytics. SOURCE: First American Co

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