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First American Compliance Chief

It's a new position.

First American

(FAF) - Get First American Financial Corporation Report

named Kathleen Collins director of corporate compliance.

Collins has served as vice president, special counsel and associate counsel for First American since 2001, the company said. Her position was newly created as part of the company's efforts to centralize and strengthen its existing compliance programs, it added.

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"First American recognizes that marketplace and consumer expectations are sometimes moving ahead of regulatory guidelines, leading our company to re-examine what is acceptable and appropriate in today's business environment," the Santa Ana, Calif.-based company said. "Our go-forward test goes beyond meeting existing regulatory standards and additionally requires that our companies meet self-imposed standards for good business conduct."

The company's shares were trading down 72 cents, or 1.86%, at $38.02 Monday.

This story was created through a joint venture between and IRIS.