Sebring Capital to Leverage First American International Services Group’s Offshore Capabilities
October 23, 2006, DALLAS - First American International Services Group, a member of The First American Corporation (NYSE: FAF) family of companies, announced today that Sebring Capital Partners, L.P., a wholesale residential mortgage lender, is partnering with First American International Services Group to utilize the division’s extensive offshore capabilities.
“Sebring’s only business is helping mortgage brokers and correspondents originate loans efficiently and profitability,” said Mark Dawson, chief operating officer of Sebring Capital. “By using First American’s offshore structures, we will be able to improve the level of service we provide to our current customers, and keep pace with our tremendous growth by leveraging First American’s proven, scaleable back-end processing solutions.”
“We are pleased to be working alongside Sebring Capital,” said J. Gregory Harrington, president of First American International Services Group. “First American has invested considerably to develop a sizeable international infrastructure, and we are pleased that we can extend the benefits of offshore processing to progressive companies like Sebring.”
In 2005, the First American International Services Group was established to provide a network of offshore corporate resources dedicated to providing a wide selection of high-quality, cost-effective offshore services to the mortgage industry. This division’s primary goal is to help First American customers enhance processing efficiency by moving portions of their operations to offshore locations. Managed from Dallas, the division has access to more than 7,800 employees worldwide, who are skilled in real estate-centric processes.
Organized in May 1996, Sebring Capital Partners, L.P., is a wholesale residential mortgage lender specializing in several types of loans, including sub-prime and Alt-A products. The Carrollton, Texas-based company employs more than 325 employees and is licensed or approved to fund first and second lien mortgage loans in 40 states. In addition to being an approved Fannie Mae and Freddie Mac seller and servicer, the company is a member of the Mortgage Bankers Association, the National Home Equity Mortgage Association, the National Association of Mortgage Bankers and various state and local mortgage broker organizations.
The First American Corporation (NYSE: FAF), a FORTUNE 500® company that traces its history to 1889, is America’s largest provider of business information. First American combines advanced analytics with its vast data resources to supply businesses and consumers with valuable information products to support the major economic events of people’s lives, such as getting a job, renting an apartment, buying a car or house, securing a mortgage and opening or buying a business. The First American Family of Companies, many of which command leading market share positions in their respective industries, operate within five primary business segments, including: Title Insurance and Services, Specialty Insurance, Mortgage Information, Property Information, and Risk Mitigation and Business Solutions. With revenues of $8.1 billion in 2005, First American has approximately 2,100 offices throughout the United States and abroad. More information about the company and an archive of its press releases can be found at www.firstam.com.
- Contact Information
- David Schulz
- Corporate Communications
- The First American Corporation
- Contact via E-mail
This news content was configured by WebWire editorial staff. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.