First American Financial Corp. is hoping that large mortgage banks will be less wary of its recently acquired Excelis mortgage-servicing system now that it is in steadier hands.

Excelis started out as a part of the now-defunct Lomas Financial Corp. and was sold to Prudential Insurance Company of America in 1994. But soon after, Prudential decided to exit the mortgage business. It sold its mortgage banking business this year to Norwest Corp.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.