First American Financial, a provider of title insurance and settlement services for real estate transactions, has acquired NAZCA Solutions, a Minnesota-based company that leverages web technology to aggregate disparate property datasets from multiple internal and external sources.
With the acquisition of NAZCA, First American will increase its ability to access and assemble property-related information, such as ownership, mortgage and tax data from unrelated databases in real time.
However, the NAZCA brand will remain intact and will become part of First American’s Database Services Group, which also includes Data Trace and Data Tree.
The technology acquired in the NAZCA transaction allows First American to accelerate its plan to rapidly expand title plants geographically. NAZCA will continue to market its two core products NAZCA Online and Managed Services.
NAZCA Online offers advanced search mechanisms to allow the user to gather property search data from the NAZCA browser-based platform.
NAZCA Managed Services includes complete property reports, legal and vesting and custom data solutions compiled and reviewed by experienced examiners.
First American Title Insurance executive vice president Chris Leavell said, the acquisition of NAZCA is a strategic move for First American that augments its overall data strategy.
We look forward to leveraging the expertise of the NAZCA leadership team to accelerate our geographic, product and market expansion and to serve the settlement services industry with new and innovative products, Leavell said.