News Briefs From ATTOM, First American Financial Corp.

ATTOM Unveils New Rental Automated Valuation Model Product

ATTOM, Irvine, Calif., launched the ATTOM Rental AVM (Automated Valuation Model). The new software, built from the foundation of the company’s nationwide property database, provides rent estimates for more than 72 million single-family residences nationwide.

ATTOM’s new Rental AVM solution delivers automated rental estimates on a monthly basis, giving real estate professionals reliable values to help them make better decisions for their business and their clients. The ATTOM Rental AVM leverages the company’s nationwide property database and geospatial layers to group and localize the value of similar properties within the same neighborhood. ATTOM tests its rental estimates using statistical techniques and compares them to more than one million nationwide active rental listings.

First American Acquires Mother Lode Holding Co.

First American Financial Corp., Santa Ana, Calif., acquired Mother Lode Holding Co., Auburn, Calif.

Mother Lode Holding Co. provides title insurance, underwriting and escrow services for residential and commercial real estate transactions with 17 operating subsidiaries throughout the U.S., including its principal subsidiary Placer Title Company.

“The addition of Mother Lode will augment our efforts to expand our coverage in key growth markets and increase our ability to serve customers in many of the country’s strongest housing markets,” said Ken DeGiorgio, chief executive officer of First American Financial Corp.

With 92 offices in 11 states, Mother Lode Holding Company subsidiaries operate primarily in California, Idaho, Montana, Wyoming, Texas, Arizona, Washington and New Mexico.

Mother Lode Holding Company Chief Executive Officer Randy Bradley, Chief Operating Officer Lisa Steele and President Darrick Blatnick will continue to lead the company, which will now operate as a wholly owned subsidiary of First American. The company and its operating subsidiaries will continue to operate under their existing brands.

Houlihan Lokey acted as financial advisor to Mother Lode Holding Co. on the transaction.