First American Financial Corporation - FAF STOCK NEWS

AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (ICRs) of 'a' (Excellent) for First American Title Insurance Company and its affiliates. The ratings reflect FATIG's strongest balance sheet strength and adequate operating performance. First American Financial Corporation (FAF) also received a Long-Term ICR of 'bbb' (Good) with a stable outlook. FATIG, the second-largest U.S. title insurance underwriter, benefits from a solid market position and strong enterprise risk management.

First American Docutech has integrated its Solex eSignature solution with MortgageHippo’s digital mortgage platform, enabling lenders to streamline the eSigning of mortgage disclosures. This collaboration enhances convenience for borrowers and lenders by offering secure access and a faster, more cost-effective process for document handling. First American Docutech aims to digitize and expedite lending workflows, while MortgageHippo’s no-code platform provides a highly configurable user experience. This integration is expected to increase eSignature adoption, reducing costs associated with mailing printed disclosures.

First American Financial Corporation (NYSE: FAF) has announced an increase in its quarterly cash dividend to 51 cents per common share, reflecting an 11% rise from the previous 46 cents. This dividend is payable on September 15, 2021, to shareholders on record as of September 8, 2021. Additionally, the company has raised its share repurchase authorization from $300 million to $600 million, with $472 million remaining post-increase, demonstrating the company's confidence in its long-term business outlook.

First American Docutech has integrated its ConformX loan document generation technology and Solex eSignature solution with SimpleNexus. This collaboration allows lenders to provide borrowers with a seamless experience for eSigning initial mortgage disclosures through a single sign-on. The integration aims to enhance the lending workflow, making it faster and more secure. First American Docutech serves a vital role in the digital mortgage landscape, having provided significant technology solutions for the real estate industry.