First American CoreLogic acquires remaining 60% stake in BasePoint Analytics

First American CoreLogic, Inc. has acquired the remaining 60% stake in BasePoint Analytics LLC, a provider of predictive analytic fraud and risk management solutions for the mortgage and global banking industries. Both the companies are based in the US.

First American CoreLogic is a provider of real estate, property, ownership, fraud, mortgage, and mortgage securities data.

The transaction includes BasePoint Analytics' patent-pending process for fraud detection that utilizes advanced analytics in the review of loan applications.

In 2005, First American CoreLogic acquired a 40% stake in BasePoint.

Deal Type    Acquisition
Sub-Category Majority Acquisition
Deal Status  Completed: 2009-06-17

Deal Participants

Target (Company)   BasePoint Analytics LLC
Acquirer (Company) First American CoreLogic, Inc.

Deal Rationale

The acquisition would enable First American CoreLogic to improve its fraud detection process to better serve its clients.

% Acquisition 60%

Related terms: acquisition, banking, mortgage, patent, property, real estate, securities