First American Acquires TD Service Financial Corp.

It’s the end of an era at TD Service Financial Corp., Orange, Calif.

First American Financial Corp., Santa Ana, Calif., announced yesterday its acquisition of TD Service Financial, a provider of post-closing services and document management. TD Service Financial and its subsidiaries will become part of First American’s Mortgage Solutions division. TD Service Financial Corp. is parent company of several subsidiaries included in the acquisition, including TD Service Co., Security Connections Inc. and TD Quality Control Services.

As part of the acquisition, TD Service Financial Chairman Dale Dykema, who founded the company in 1964, will retire. Co-Chairman Sandi Dykema will also retire following the acquisition; current TD Financial Services President and Chief Operating Officer Robert Phelps will join the leadership team that serves under President Kevin Wall of First American Mortgage Solutions.

Dennis Gilmore, CEO of First American Financial Corp., said the acquisition expands and enhances the group’s post-closing and document management capabilities, broadening First American’s ability to serve the lender, servicer and investor communities.

“We’re excited to welcome TD Service Financial Corporation to the First American family,” Gilmore said. “Both companies have a long history of dedicated service to our clients and commitment to our industry.”

Wall said TD Service Financial customers will benefit from enhanced post-closing technology and services augmented by First American’s fraud detection, loan quality and compliance analytics.

TD Service Financial and First American have a business association that dates back to the relationship between Dykema and First American’s late former CEO, Donald Kennedy.

“Joining First American feels like a natural extension of this relationship and will mean our customers will continue to receive high levels of service, as well as significant enhancements made possible by First American’s capabilities,” Dykema said.