First American Title Insurance Company has launched its new Mortgage Services division, which is designed to address title, settlement and valuation needs of residential originators.

The company said that the new division will provide custom closing solutions, leveraging the strength of an underwriter, applying proprietary technology and tapping into resources available within the First American family of companies.

In addition, the Mortgage Services division will replace First American’s other two divisions – National Lenders Advantage and Equity Loan Services, which over the next year, will transit to the new division.

First American Title division manager at Mortgage Services Pat McLaughlin said that the company’s newly formed division represents its as an innovative company with the capacity and experience to deploy cost and risk reduction solutions for the mortgage industry.