LoanPerformance Sees Synergies with First American.(First American Real Estate Solutions)

New York -- When LoanPerformance held a recent "risk summit" here, CEO Dan Feshbach highlighted some of the reasons the company recently agreed to be acquired by First American Real Estate Solutions.

Mr. Feshbach told attendees that LoanPerformance has long sought to partner its mortgage database with a provider of property information.

And he said the enhancements and new analytics created by the partnership with FARES allow LoanPerformance to expand its services beyond the loan servicer and investor bases that the company currently serves.

"We don't do much business in the origination side of the house," he noted.

LoanPerformance's database will not be merged with First American's, but the companies will capitalize on the affiliation to improve the predictive power of current analytics and create new analytic tools, Mr. Feshbach said.

Both companies say the new affiliation will give LoanPerformance customers access to the substantial data, technology and capital resources of First American Real Estate Solutions.

Mr. Feshbach said he will remain at the head of LoanPerformance for at least four years under the deal.