First American CoreLogic purchases BasePoint Analytics.

First American CoreLogic, Santa Ana, California, has purchased BasePoint Analytics LLC, Carlsbad, California, a provider of predictive-analytic fraud and risk-management solutions for the mortgage and global banking industries.

First American CoreLogic formed a strategic partnership with BasePoint Analytics in 2005, holding a 40 percent minority interest in the company, which helps mortgage lenders better measure fraud losses and minimize fraud exposure by deploying advanced analytics and optimizing the loan review processes within the lender's existing production environment. The transaction includes BasePoint Analytics' patent-pending process for fraud detection that utilizes advanced analytics in the review of loan applications.

"This transaction is consistent with our strategy of continuously improving the fraud-detection process for our clients," said George Livermore, chief executive officer of First American CoreLogic.

"The complete acquisition of BasePoint Analytics provides an opportunity to intensify and accelerate the combination of First American CoreLogic's data and analytic resources with BasePoint Analytics' proven fraud technologies. This integration will deliver a new wave of predictive analytics to the marketplace to assist lenders in identifying suspected fraud early in the life cycle of a loan," Livermore said.

Tim Grace has been appointed senior vice president of fraud analytics, to oversee the development and management of First American CoreLogic's fraud-analytics solution suite. Grace was formerly president and chief operating officer of BasePoint Analytics, where he was responsible for managing the day-to-day operations of the company, as well as implementing strategic initiatives and pursuing new business opportunities.