July 25, 2008

First American Loan Production Solutions Expands Data, Workout Options

First American Loan Production Solutions has announced the expansion of its borrower identification data and workout options to create a complete loan modification system designed to help servicers prevent foreclosures. The new offering combines credit scoring, valuation services, risk modeling, scoring, document preparation, and document recording to identify borrowers who are most at risk of foreclosure, the company said. Borrower refinance and workout options are then presented, and documents needed to complete the loan modification process may be created.

Posted by S. Germain at 08:21 AM | Comments (0)

The First American Corporation to Hold Second-Quarter Conference Call on July 31, 2008

The First American Corporation announced that it will host a conference call on July 31, 2008, at 11 a.m. EDT. The call will follow the announcement of the company's operating results for the second-quarter of 2008, which is scheduled for release on July 31, 2008, at 8:32 a.m. EDT.

The conference call, which will also be broadcast over the Internet can be accessed online at http://www.firstam.com/investor or by dialing toll free (888) 955-3516. Callers from outside the United States may dial (210) 234-5896. The pass code for the event is "First American."

An audio replay of the conference call will be available through Aug. 8, 2008, by dialing (203) 369-3865. An audio archive of the call; a copy of the 2008 second-quarter earnings release, including the financial information contained therein; and the accompanying financial presentation will also be available on First American's investor Web site.

Posted by S. Germain at 08:20 AM | Comments (0)

July 18, 2008

The First American Corporation to Hold Second Quarter 2008 Conference Call

The First American Corporation, America's largest provider of business information, announced that it will host a conference call on July 31, 2008, at 11 a.m. EDT. The call will follow the announcement of the company's second-quarter operating results, which is scheduled for release on July 31, 2008, at 8:32 a.m. EDT.
Investors, members of the financial community and the media can access the call by dialing (888) 955-3516, and giving the pass code "First American." The call will also be webcast at www.firstam.com/investor.

An audio replay of the conference call will be available through August 9, 2008, by dialing (203) 369-3865. An audio archive of the call will also be available for replay on First American's Web site.

Posted by S. Germain at 08:40 AM | Comments (0)

First Title and Winmarkt Sign Title Insurance Deal

First Title Insurance plc (First Title), a subsidiary of First Title plc and the largest provider of title insurance in the United Kingdom and Europe, is pleased to announce that it provided title insurance to facilitate the purchase of Winmarkt Magazine by the IGD Group — one of the primary players in the Italian retail real estate market — for €182.50 million.

Posted by S. Germain at 08:39 AM | Comments (0)

July 11, 2008

First Title and Winmarkt Sign Title Insurance Deal

First Title Insurance plc (First Title), a subsidiary of First Title plc and the largest provider of title insurance in the United Kingdom and Europe, is pleased to announce that it provided title insurance to facilitate the purchase of Winmarkt Magazine by the IGD Group — one of the primary players in the Italian retail real estate market — for €182.50 million.

By providing comprehensive title insurance, First Title enabled the complex transaction to take place, replacing some of the vendor’s warranties. The transaction covered 16 Winmarkt commercial centres in Romania, spanning a total of 147,000 square metres.

Posted by S. Germain at 08:47 AM | Comments (0)

First American CoreLogic Releases April 2008 LoanPerformance House Price Index

First American CoreLogic announced the release of its April 2008 LoanPerformance Home Price Index (HPI).

The LoanPerformance HPI provides a comprehensive set of monthly home price indices and median sales prices covering 7,529 ZIP codes, 958 Core Based Statistical Areas (CBSA) and 672 counties located in all 50 states and the District of Columbia. The indices, which are the most comprehensive available in the industry, are reported to clients five weeks after each full month ends. Visit www.loanperformance.com/assets/images for map information.

Posted by S. Germain at 08:44 AM | Comments (0)

June 20, 2008

Brit Insurance Employs First American's U.S. Flood Catastrophe Model

First American Spatial Solutions, a member of The First American Corporation (NYSE: FAF) family of companies and a leader in spatial and natural hazard risk solutions, announced today that it has licensed key components of its Advanced Flood Risk Solutions to the United Kingdom's Brit Insurance Holdings (Brit Insurance), a member of Lloyd's of London and an international insurer and underwriter of flood policies in the United States.

Posted by S. Germain at 08:27 AM | Comments (0)

June 06, 2008

First American Awarded Four-Year Contract with U.S. Small Business

The First American Corporation announced today that its First American Federal Solutions subsidiary has been awarded a prime contract in support of the Small Business Administration (SBA) Title Company Initiative, a key program sponsored by the SBA Office of Disaster Assistance. First American was selected by the SBA for its comprehensive portfolio of property information that enables the SBA to quickly assist victims during disasters.

Posted by S. Germain at 08:32 AM | Comments (0)

May 30, 2008

First American CoreLogic Releases LoanSafe 2.0

First American CoreLogic, a leader in residential mortgage data and analytics for the mortgage industry and Wall Street, today announced the release of LoanSafe 2.0, a next-generation version of its industry-leading mortgage risk management and fraud detection technology designed to help lenders and investors identify early indicators of mortgage fraud, market volatility and potential loss.

Posted by S. Germain at 08:27 AM | Comments (0)

First American Taps Lyons McCloskey to Enhance Best Practices Within First American National Claims Outsourcing

First American National Claims Outsourcing, a leading provider of post-sale outsourcing services, announced that it has entered into an internal training, process evaluation and cross-marketing alliance with Lyons McCloskey, an industry-recognized provider of expert consulting and training to the mortgage banking industry.

Through the alliance, Lyons McCloskey will apply its extensive industry expertise to evaluate and enhance First American National Claims Outsourcing’s internal training and business processes. This is an additional step toward First American’s dedication to identifying and delivering industry-best services to its customers.

Posted by S. Germain at 08:23 AM | Comments (0)

May 23, 2008

First American CoreLogic Announces 2008 LoanPerformance RiskSummit

First American CoreLogic announced that registration is now
open for the 20th annual LoanPerformance RiskSummit, which will be held July 20-22, 2008 at La Costa Resort and Spa in Carlsbad, Calif.

This year's agenda features educational tracks addressing mortgage
origination, issuer and investor risk management, research and odeling, loan quality, servicing and regulatory issues. Questions regarding the 2008 Risk Summit can be directed to risksummit@loanperformance.com or by calling 415-536-3525.

Posted by S. Germain at 08:34 AM | Comments (0)

First American CoreLogic Awarded General Services Administration (GSA) Certification

First American CoreLogic today announced that it has been awarded a Federal Supply Schedule Contract by the General Services Administration (GSA), allowing the company to offer its industry-leading real property information services and analytics for direct sale to federal government organizations.

Posted by S. Germain at 08:32 AM | Comments (0)

May 16, 2008

First American to Host MBA’s Loss Mitigation Bootcamp at Westlake, Texas, Campus

The First American Corporation announced that it will host the Mortgage Bankers Association’s CampusMBA workshop on loss mitigation on June 10, 2008, at First American’s Westlake, Texas, campus.

Read the entire story here.

Posted by S. Germain at 08:39 AM | Comments (0)

First American Spatial Solutions Announces Release of U.S. Flood Catastrophe Model

First American Spatial Solutions, a member of The First American Corporation family of companies and a leader in spatial and natural hazard risk solutions, announced today the launch of its new U.S. Flood Catastrophe Model (Flood Model), a key component of its new suite of Advanced Flood Risk Solutions, which includes geospatial analytics, basic flood data, flood risk scoring and near real-time monitoring of actual flood conditions.

Read the entire story here.

Posted by S. Germain at 08:37 AM | Comments (0)

May 09, 2008

Realserv Chooses MarketLinx Transaction Manager

MarketLinx, Inc. announced that it has signed a long-tem agreement to provide its Transaction Manager software to the customers of Realserv, LLC.

Established in 2005 by Transaction First, LLC and the North Carolina Association of REALTORS, and recently joined by the Pennsylvania Association of REALTORS (PAR), Realserv will provide additional integrated technology solutions and services to NCAR and PAR members and to the approximately 150,000 multi-state licensees of the Realfast forms system.

Posted by S. Germain at 08:16 AM | Comments (0)

First American’s Suit-On-Note Scoring Module Quantifies Optimal Resolution Projections for Investors and Servicers

First American Subordinate Lien Outsourcing announced the debut of its Suit-on-Note Scoring Module (SONSM Score). Used in conjunction with the determination of property equity and understanding the borrower’s economic situation and intent, the SON Score helps servicers and investors ascertain the optimal resolution for servicing subordinate lien assets.

The SON Score provides an analysis of a respective borrower’s current real estate assets as well as a determination of a loan’s eligibility for the Suit-on-Note process, which is a different legal cause of action than a typical foreclosure action

Posted by S. Germain at 08:15 AM | Comments (0)

First American Global Offshore Services Partners With USFN

First American Global Offshore Services announced that it has partnered with USFN—America’s Mortgage Banking Attorneys® to provide business process outsourcing solutions (LegalBPO) to the association’s membership and respective clients.

The partnership enables all USFN members to directly access First American’s process engineering teams; utilize First American’s shared processing teams to assist smaller firms in overcoming scale-related barriers to entry; and benefit from continuous, on-demand staffing across member-specified domestic and offshore outsourcing locations.

Posted by S. Germain at 08:14 AM | Comments (0)

First American Continues Strategic Restructuring of The Talon Group and Public Abstract Corporation in Upstate New York

First American Title Insurance Company of New York, a subsidiary of First American Title Insurance Company and a member of The First American Corporation, announced the launch of a strategic restructuring of the Talon Group and Public Abstract Corporation in upstate New York.

As part of First American Title Insurance Company of New York’s ongoing strategic and organizational restructuring, the company has retired The Talon Group in upstate New York and will be consolidating the Public Abstract Corporation brand into the flagship name, First American Title Insurance Company of New York.

Posted by S. Germain at 08:13 AM | Comments (0)

May 02, 2008

The First American Corporation Reports Financial Results for the First Quarter 2008

Read the entire story here.

Posted by S. Germain at 08:17 AM | Comments (0)

April 25, 2008

The First American Corporation to Hold First-Quarter Conference Call on May 1, 2008

The First American Corporation announced that it will host a conference call on May 1, 2008, at 11 a.m. EDT. The call will follow the announcement of the company’s operating results for the first-quarter of 2008, which is scheduled for release on May 1, 2008, at 8:32 a.m. EDT.

The conference call, which will also be broadcast over the Internet and is open to investors, members of the financial community, the media and other members of the public, can be accessed online at www.firstam.com/investor or by dialing toll free (888) 955-3516.

Posted by S. Germain at 08:37 AM | Comments (0)

First American CoreLogic Releases February 2008 LoanPerformance House Price Index

First American CoreLogic, a leader in residential mortgage data and analytics for the mortgage industry and Wall Street, announced the release of its February 2008 LoanPerformance Home Price Index (HPI).

Read the entire story here.

Posted by S. Germain at 08:36 AM | Comments (0)

Universal Settlements Announces Launch of Strategic Markets Division in Washington, D.C. Metropolitan Area

Universal Settlements, a subsidiary of First American Title Insurance Company and a member of The First American Corporation (NYSE: FAF) family of companies, today announced the launch of its Strategic Markets Division in the Washington, D.C. metropolitan area. First American Title's Strategic Markets Division provides culturally insightful business solutions for real estate practitioners to more effectively serve the region's rapidly growing multicultural and new immigrant home-buying communities.

Posted by S. Germain at 08:34 AM | Comments (0)

April 18, 2008

The First American Corporation Announces Retirement of Two Directors

The First American Corporation announced the retirement of Donald P. Kennedy and Gary J. Beban from its board of directors.

Read the entire story here.

Posted by S. Germain at 08:52 AM | Comments (0)

The First American Corporation Announces Appointment of Five Directors Recommended by Highfields Capital Management

The First American Corporation announced that it has elected to its board of directors five individuals recommended by Highfields Capital Management LP, the company’s largest unaffiliated shareholder.

Read the entire story here.

Posted by S. Germain at 08:51 AM | Comments (0)

The First American Corporation to Hold First Quarter 2008 Conference Call

The First American Corporation announced that it will host a conference call on May 1, 2008, at 11 a.m. EDT. The call will follow the announcement of the company’s first-quarter operating results, which is scheduled for release on May 1, 2008, at 8:32 a.m. EDT.

Investors, members of the financial community and the media, can access the call by dialing (888) 955-3516, and giving the pass code First American. The call will also be webcast at www.firstam.com/investor.

Posted by S. Germain at 08:50 AM | Comments (0)

First American CoreLogic Announces REiSource®: A New Online Real Estate Information Portal Designed for the Title Insurance Industry

First American CoreLogic, America’s largest provider of advanced property and ownership information, analytics and services, announced the release of REiSource®, a new Web-based real estate information gateway to the most complete and accurate suite of property profiles, new homeowner and refinance lists, resale trends, mortgage leads and custom reports for title insurance companies.

Read the entire story here.

Posted by S. Germain at 08:49 AM | Comments (0)

Mortgage Builder LOS Integrated With First American Flood Data Services

Mortgage Builder Software Inc., provider of end-to-end mortgage banking software, says that First American Flood Data Services has integrated its flood certification process into Mortgage Builder's loan origination system (LOS), providing an instant response for a flood determination request.

Users of Mortgage Builder software now have the ability to order a flood determination from within the system, and the flood certificate is returned automatically with fields populated into the loan application. When a user requests a flood certification in Mortgage Builder, a MISMO-compliant data file is transmitted to First American via Web services.

Posted by S. Germain at 08:46 AM | Comments (0)

April 04, 2008

First American Proxix Solutions Adds Risk Concentration To Its Hazard Risk-Management Solution

First American Proxix Solutions announced the addition of risk concentration as an option in its CATUM automated insurance suite.

First American Proxix Solutions developed a set of grid layers in varying square-mile areas for all 50 states, which have been integrated within CATUM as layer options. CATUM processes street addresses using its proprietary high-precision parcel-level geocoding and spatial analysis technology and appends a cell identification to each record according to the selected grid matrix. Insurers can then import files into their reporting application and generate reports detailing the number of policies and the total exposure in a specific area. Appended files can be shipped in shapefile format for map display.

Posted by S. Germain at 08:47 AM | Comments (0)

March 28, 2008

First American CoreLogic Releases January 2008 LoanPerformance House Price Index

First American CoreLogic announced the release of its January 2008 LoanPerformance Home Price Index (HPI).

The LoanPerformance HPI provides a comprehensive set of monthly home
price indices and median sales prices covering 7,488 ZIP codes, 957 Core Based Statistical Areas (CBSA) and 670 counties located in all 50 states and the District of Columbia. The indices, which are the most comprehensive available in the industry, are reported to clients five weeks after each full month ends. (For a state-by-state maps, visit http://www.loanperformance.com/assets/images/pr0308_3mo_lg.jpg (3-month map) and http://www.loanperformance.com/assets/images/pr0308_12mo_lg.jpg
(12-month map).

Posted by S. Germain at 08:38 AM | Comments (0)

First American eAppraiseIT Introduces Data Assist

First American eAppraiseIT is now offering Data Assist, a new valuation tool for lenders and servicers that need quick, low-cost, accurate values for credit decisions, loss mitigation, portfolio analysis and quality assurance.

Data Assist is a faster and less expensive alternative to a traditional appraisal. The standard Data Assist report verifies a property’s legal address and ownership and includes three closed sale comparables from the subject property’s market area. For a more comprehensive analysis, Data Assist with Listings offers the same information, plus three current listings that are similar to the subject property.

Posted by S. Germain at 08:20 AM | Comments (0)

March 21, 2008

First American eAppraiseIT Offers Streamlined Version of Its Value Reconciliation Service Product

First American eAppraiseIT is now offering a low-cost, one-page value reconciliation report that will help default and real estate owned (REO) managers make loss mitigation and pre-foreclosure decisions.

The new offering, VRR Lite, like eAppraiseIT’s original value reconciliation service, will give clients a better understanding of the reasons for differences between origination appraisals and subsequent loan servicing valuations and assist in the analysis of loan portfolios, retrospective value reviews, pre-closing and post-closing value opinions and appraisal panel reviews. VRR Lite offers lenders better visibility into the true value of their assets in pre-foreclosure situations, alerts them to indications of fraud and helps them develop more accurate bids for foreclosure sales and initial listing prices for REO properties.

Posted by S. Germain at 08:48 AM | Comments (0)

Mid-Florida Regional MLS Chooses MarketLinx to Serve 37,000 Members

MarketLinx, Inc. today announced that it has renewed its multiple listing service (MLS) agreement with the Mid-Florida Regional MLS (MFRMLS), which is in the process of expanding services to five neighboring REALTOR® organizations. Once the expansion is complete, the Mid-Florida MLXchange MLS system will serve approximately 37,000 users from 13 separate real estate organizations, making it the largest MLXchange customer and one of the largest MLS systems in North America. MFRMLS also selected MarketLinx’s Membership Director product to replace its current membership management system.

Posted by S. Germain at 08:47 AM | Comments (0)

March 14, 2008

First American CREDCO Makes Integrating Easier

First American CREDCO has launched Connect Web services technology to enable smoother integrations. Connect provides a secure electronic interface to a wide range of new products available from First American, including identity validation, compliance, and consumer credit solutions. One of the most notable additions available on the Connect interface is the electronic automation of Anthem, First American's nontraditional mortgage credit report and scoring system for loan applicants having little or no traditional credit history.

Posted by S. Germain at 08:44 AM | Comments (0)

March 07, 2008

First American CoreLogic Releases Latest LoanPerformance MarketPulse Report

First American CoreLogic today announced that the latest issue of its LoanPerformance MarketPulse report is available for download at www.loanperformance.com.

Posted by S. Germain at 08:51 AM | Comments (0)

First American CoreLogic Announces 2008 LoanPerformance Symposium Series

First American CoreLogic today announced the dates and locations for its 7th annual complimentary LoanPerformance Symposium Series on emerging mortgage loan and collateral risk issues and trends.

Read the entire story here.

Posted by S. Germain at 08:49 AM | Comments (0)

February 29, 2008

The First American Corporation Reports Financial Results for the Fourth Quarter and Full Year 2007

First American's press release announcing its fourth quarter and full year financial results for 2007 is available at the link below.

Read the entire story here.

Posted by S. Germain at 09:03 AM | Comments (0)

February 22, 2008

The First American Corporation to Hold Fourth-Quarter Conference Call on February 28

The First American Corporation will host a conference call on Feb. 28, 2008, at 11 a.m. EST. The call will follow the announcement of the company’s operating results for the fourth-quarter and full year 2007, which is scheduled for release on Feb. 28, 2008, at 8:32 a.m. EST.

The conference call, which will also be broadcast over the Internet, can be accessed online at www.firstam.com/investor or by dialing toll free (888) 955-3516. Callers from outside the United States may dial (210) 234-5896. The pass code for the event is “First American.”

An audio replay of the conference call will be available through March 7, 2008, by dialing (203) 369-1094.

Posted by S. Germain at 08:52 AM | Comments (0)

Thomas W. Showalter Named Senior Vice President of Product and Analytics for First American Subordinate Lien Outsourcing

First American Subordinate Lien Outsourcing announced that Thomas W. Showalter has been named senior vice president of product and analytics.

In his new position, Showalter will oversee new product development and the analytical infrastructure for First American’s subordinate lien outsourcing initiatives.

Showalter most recently served as vice president of product management and data acquisition at LoanPerformance, a subsidiary of First American CoreLogic, where his staff developed many of the risk modeling and data analytics products used throughout the mortgage industry. Prior to joining First American in 2005, he held executive positions with TRW Credit Services (now Experian) and Compex Systems. He also operated his own boutique model development and consulting service, which served such customers as Household International and the nation’s largest collection agencies.

Posted by S. Germain at 08:51 AM | Comments (0)

First American Proxix Solutions Launches New Property Tax Database

First American Proxix Solutions, a leading provider of geospatial technology, location-based data and tax data, announced the release of its new personal property tax jurisdiction database. Covering all states that assess personal property tax, plus Washington, D.C., the database includes lowest-level asset accumulation, taxing authority and whether intangible assets are taxable. Designed for use by utility companies, public entities and a wide range of business enterprises, the database can support both regulatory compliance and operating efficiency.

Updated quarterly, the new database provides detailed tax boundary files for states, cities, counties, townships, villages, boroughs and school districts.

Posted by S. Germain at 08:50 AM | Comments (0)

February 15, 2008

First American Title Insurance Company Launches Strategic Markets Division in Texas

First American Title Insurance Company announced it has launched its Strategic Markets Division in Texas as a part of a national market-penetration strategy designed to further enhance the company’s position as the title and settlement services company of choice for the multicultural real estate market, which is among the nation’s fastest growing homebuying segment.

Posted by S. Germain at 08:58 AM | Comments (0)

Wesley B. Howland Named Senior Vice President For First American First Lien Outsourcing

First American First Lien Outsourcing announced that Wesley B. Howland has been named senior vice president.

In his new position, Howland will oversee internal finances, contracts, pricing, proposals and client advocacy for First American’s first lien outsourcing initiatives.

Howland comes to First American from GMAC Mortgage, where he most recently served as vice president of contract finance for the company’s subservicing business. Previously he held the position of vice president of servicing acquisitions with Marine Midland (now HSBC).

Posted by S. Germain at 08:57 AM | Comments (0)

February 08, 2008

First American Global Offshore Services Partners with Graystone Solutions, Inc. to Offer Business Process Outsourcing Solutions

First American Global Offshore Services and Graystone Solutions, Inc., a leading loan servicing and technology provider, announced a strategic partnership to offer First American’s MortgageBPOSM solutions via Graystone’s custom MortgageServ-based solutions.

Through this partnership, Graystone clients have direct access to First American’s global business process outsourcing solutions, bringing opportunities to reduce cost and improve efficiency for each step of the servicing and default cycles through the MortgageServ platform. Graystone’s custom MortgageServ solutions allow lenders and servicers to automate all loan servicing processes from a single browser-based real-time platform.

Posted by S. Germain at 08:46 AM | Comments (0)

The First American Corporation to Hold Fourth Quarter Conference Call

The First American Corporation announced that it will host a conference call on Feb. 28, 2008 at 11 a.m. EST. The call will follow the announcement of the company’s fourth-quarter and full-year operating results, which is scheduled for release on Feb. 28, 2008, at 8:32 a.m. EST.

Investors, members of the financial community and the media, can access the call by dialing (888) 955-3516, and giving the pass code First American. The call will also be webcast at www.firstam.com/investor.

An audio replay of the conference call will be available through March 7, 2008, by dialing (203) 369-1094. An audio archive of the call will also be available for replay on First American’s Web site.

Posted by S. Germain at 08:45 AM | Comments (0)

Data Tree Land Records Database Exceeds 4 Billion Documents

Data Tree, LLC has expanded its nationwide database of recorded property documents to more than 4 billion documents. With geographic coverage in more than 650 counties, the database represents approximately 70 percent of the U.S. population.

Posted by S. Germain at 08:44 AM | Comments (0)

First American’s New Second Lien Scoring Model Revolutionizes Investor And Servicer Lien Management

First American Subordinate Lien Outsourcing today announced the debut of its Second Lien Scoring Model (SeLi), an analytical risk/reward rating system that quantifies the actual potential of a second lien.

SeLi is changing the way second liens are managed by triangulating existing second lien information through First American’s extensive property and consumer databases to provide the accurate risk scores needed to determine true trade value, ability to collect, potential to revive the loan and recovery and loss severity.

By applying First American’s verified data through SeLi, investors and servicers have the precise information and rating system needed to make better trading decisions and prioritize management of second liens for optimal results.

Posted by S. Germain at 08:44 AM | Comments (0)

February 01, 2008

First American Natural Hazard Disclosures Now Offers Proprietary Tax Disclosure Reports

First American Natural Hazard Disclosures (FANHD announced that it has launched the FANHD California Property Tax Disclosure Report™, creating a cost-effective choice for real estate professionals and their clients.

A property tax disclosure report is used to alert homebuyers to current and future taxes, fees and assessments that will be imposed on a property. This type of information can prevent unnecessary surprises in the home-buying process. Much of the information is also required to be disclosed by California law.

FANHD recently invested in acquiring and further developing its own tax information database as a way to offer customers more choices in the marketplace. FANHD’s new tax disclosure report provides an additional resource for California’s real estate professionals and competitive prices for homebuyers and sellers.

Posted by S. Germain at 09:13 AM | Comments (0)

January 25, 2008

First American CoreLogic Releases November 2007 LoanPerformance House Price Index

First American CoreLogic announced the release of its November 2007 LoanPerformance Home Price Index (HPI).

Read the entire story here.

Posted by S. Germain at 08:31 AM | Comments (0)

January 18, 2008

The First American Corporation Announces Plan To Separate Its Financial Services and Information Solutions Companies

The First American Corporation announced that its board of directors has approved a plan to spin-off its Financial Services companies, consisting primarily of its Title Insurance and Specialty Insurance reporting segments, into a separate public company to be called First American Financial Corporation. The Information Solutions company, which will consist primarily of the current Property Information and Mortgage Information segments, as well as First American’s 75 percent interest in First Advantage Corporation (NASDAQ: FADV), will remain at the existing holding company, which will be renamed prior to the separation. The transaction, which the company anticipates will be tax-free to shareholders, is expected to close in the third quarter.

Read the entire story here.

Posted by S. Germain at 08:44 AM | Comments (0)

The First American Corporation Announces 2007 Fourth Quarter Earnings Expectations

The First American Corporation announced that it expects to report total revenues of approximately $1.9 billion and an after-tax loss for the fourth quarter of 2007, which is not expected to exceed $50 million.

Read the entire story here.

Posted by S. Germain at 08:43 AM | Comments (0)

First Title (Beijing) Real Estate Guaranty Co., Ltd. Launches Official Web Site

First Title (Beijing) Real Estate Guaranty Co., Ltd., a wholly owned subsidiary of The First American Corporation and the first entirely foreign-owned real estate guaranty company in China, today announced the launch of its official Web site, http://www.zhongyian.com.

The Web site is the first of its kind in China and is dedicated to providing real estate finance service information. It will also serve as a one-stop, self-service platform for end users by providing real estate purchasers and owners with the most up-to-date information on mortgage product options-the Chinese version of escrow and other services for residential and commercial property transactions.

Posted by S. Germain at 08:40 AM | Comments (0)

January 11, 2008

First American CoreLogic Prevents $40 Million in Mortgage Fraud Losses through Its Multi-Closing Alert Program

First American CoreLogic America’s largest provider of advanced property and ownership information, analytics and services, announced that its Multi-Closing Alert Program prevented more than $40 million dollars in residential mortgage fraud losses for institutional participants during the first year of the program.

The Multi-Closing Alert Program is a service offered by First American CoreLogic that helps banks and lending institutions identify and stop multi-lien fraud, otherwise known as “shotgun” fraud.

Posted by S. Germain at 08:44 AM | Comments (0)

January 04, 2008

First Advantage Purchases Fiserv's Mortgage Credit Reporting Division, CredStar

First Advantage Corporation, a global risk mitigation and business solutions provider and a majority-owned subsidiary of The First American Corporation, and Fiserv, Inc. announced that First Advantage has purchased the assets of CredStar, Fiserv's mortgage credit reporting business unit.

The purchase of CredStar expands First Advantage's market leadership in the U.S. mortgage credit reporting industry, where it already services 19 of the top 20 lenders. Terms of the acquisition were not disclosed.

Posted by S. Germain at 08:53 AM | Comments (0)

December 21, 2007

First American LoanPerformance Releases October 2007 House Price Index

First American LoanPerformance announced the release of its October 2007 LoanPerformance Home Price Index (HPI).

The LoanPerformance HPI provides a comprehensive set of monthly home price indices and median sales prices covering 7,451 ZIP codes, 956 Core Based Statistical Areas (CBSA) and 662 counties located in all 50 states and the District of Columbia. The indices, which are the most comprehensive available in the industry, are reported to clients five weeks after each month ends.

Read the entire story here.

Posted by S. Germain at 08:39 AM | Comments (0)

December 14, 2007

Latest Issue of First American LoanPerformance MarketPulse Report Features Wachovia Capital Markets Study

First American LoanPerformance announced that the latest issue of its MarketPulse report is available for download at www.loanperformance.com.

This latest report features a new whitepaper entitled, “Voluntary Prepayments in the ABX” by John McElravey, vice president, asset-backed securities (ABS) research for Wachovia Capital Markets, LLC.

Read the entire story here.

Posted by S. Germain at 08:48 AM | Comments (0)

December 07, 2007

Tyron W. Miller Named Chief Operating Officer of First American First Lien Outsourcing

First American First Lien Outsourcing announced that Tyron (Ty) W. Miller has been named chief operating officer.

Miller, who joined First American in September 2007, will be responsible for management and oversight of First American’s first lien outsourcing and technology product companies, which include First American National Default Outsourcing, First American Loss Mitigation Services, First American LoanStar Trustee Services, First American National Claims Outsourcing and First American Default Technologies. In addition, he will lead new product and services development, client support and operations for First American’s end-to-end suite of default outsourcing services.

Posted by S. Germain at 08:54 AM | Comments (0)

FirstClose Offers First American CoreLogic's Services

FirstClose, a company that provides solutions related to mortgage settlement services, has agreed to utilize two First American CoreLogic solutions to help sales agents, resellers, credit unions and mortgage lenders better deal with their growing REO portfolios.

As part of the agreement, FirstClose agents will have access to ValuePoint4 Default—an AVM tool that offers property valuations on distressed homes—and Property Verification Reports, which provide clients with property photos.

Posted by S. Germain at 08:53 AM | Comments (0)

Elise Luckham Joins The First American Corporation as Vice President, Director of Corporate Real Estate

The First American Corporation has announced the appointment of Elise Luckham as vice president, director of corporate real estate. Bringing more than 19 years of corporate real estate experience to her new position, Luckham will be responsible for developing strategies to optimize First American’s real estate assets.

Prior to joining First American, Luckham served as vice president, corporate services for New Century Mortgage, where she oversaw a real estate portfolio of 360 buildings totaling approximately 3 million square feet. She also has served as vice president, corporate real estate for Bank of America and as manager, administrative services for Mitsubishi Motors Credit.

Posted by S. Germain at 08:52 AM | Comments (0)

First Canadian Title Unveils Lender-Lawyer Connect Mortgage Platform

First Canadian Title is revolutionizing the way in which mortgages are processed through the introduction of a no-cost technology solution that allows lenders and lawyers to collaborate in real-time. Lender-Lawyer Connect™ provides a user-friendly platform that transforms mortgage closings from a compartmentalized series of starts and stops into an integrated, open and dynamic process offering greater control and efficiency.

Posted by S. Germain at 08:50 AM | Comments (0)

November 30, 2007

First American CoreLogic Announces ListSource

First American CoreLogic announced the release of ListSource™, an easy-to-use Web-based solution for creating and managing marketing lists.

ListSource represents the next generation of online property and ownership list tools from First American CoreLogic, enabling consumer marketers, property and casualty insurers and mortgage and real estate professionals to better target prospects more closely matched with the products or services they offer. ListSource includes the most up-to-date and accurate demographic, property and ownership information available on more than 118 million properties nationwide, covering 90 percent of the U.S. population and growing.

Posted by S. Germain at 09:46 AM | Comments (0)

First Amer Corp, Unit Ask US Judge To Dismiss NY AG Lawsuit

First American and its home-appraisal unit have asked a federal judge to dismiss a lawsuit by New York Attorney General Andrew Cuomo for allegedly colluding with Washington Mutual Inc. to use a list of preferred appraisers to inflate mortgage appraisals.

In a motion filed late Monday, the Santa Ana, Calif., company and its eAppraiseIT unit asked U.S. District Laura Taylor Swain in Manhattan to dismiss the attorney general's complaint, saying he lacks authority to pursue a case because all federal savings and loan activities are regulated by the U.S. Office of Thrift Supervision.

Posted by S. Germain at 09:45 AM | Comments (0)

The First American Corporation Announces Expanded Diversity and Inclusion Initiative and Three Related Appointments

The First American Corporation announced that it has expanded its efforts to ensure greater diversity and inclusion throughout its organization. The company also announced the appointments of Karen J. Collins as vice president, chief diversity and inclusion officer; Michelle Cheney Donaldson as corporate director of diversity and inclusion; and Stephanie M. Swenseid as corporate director of supplier diversity, who will each oversee different aspects of the company's centralized diversity and inclusion programs.

Posted by S. Germain at 09:43 AM | Comments (0)

First American CREDCO'S Anthem is Compliant with Freddie Mac's Updated Guidelines for Non-Traditional Credit

First American CREDCO announced that its Anthem(TM) RMCR product -- also known as the Anthem Report -- meets or exceeds Freddie Mac's updated guidelines for non- traditional credit. Part of the Anthem Suite(TM) of Services, Anthem RMCR is a solution for verifying Noncredit Payment References (NCPRs) and documenting those references on a Residential Mortgage Credit Report (RMCR), as noted in Freddie Mac's recent news release clarifying portions of their Single-Family Seller/Servicer Guide.

Available to mortgage professionals since 2004, the Anthem RMCR is a specialized Residential Mortgage Credit Report offering a cost-effective credit reporting solution for underserved consumers. Designed to help lenders qualify more borrowers who lack credit, it is fully compliant with mortgage loan underwriting and due diligence requirements for Government Sponsored Entities, including Freddie Mac.

Posted by S. Germain at 09:42 AM | Comments (0)

First Title expands in Turkey

First Title P.L.C., a U.K.-based provider of title insurance for real estate transactions, continues to expand in Europe with its Turkish subsidiary, First Title Istanbul, recently opening new offices in Istanbul's financial district.

The move, which follows the insurer's expansion last month into Hungary, is the latest in a series of new office openings across Europe, the company said. First Title, a subsidiary of The First American Corp., has nine offices throughout Europe — five in the United Kingdom, as well as offices in Germany, Poland, Hungary and now Turkey.

Posted by S. Germain at 09:41 AM | Comments (0)

November 16, 2007

First American CoreLogic Unveils Loan Workflow Management Tool

First American CoreLogic has introduced Atone, a secure Web-based workflow management tool that is designed to streamline loan decisions and reduce costs by providing a single meeting place and document repository for all parties involved in each mortgage loan.

The product eliminates expensive customization and long IT lead times typically required, running in parallel with any existing loan origination system. Users log on to a secure Web site, and loan records can be uploaded or created based on results of First American CoreLogic’s risk analysis products.

Posted by S. Germain at 08:56 AM | Comments (0)

First American First Lien Outsourcing Partners with National Bankruptcy Services, LLC for End-to-End Default Management Solutions

First American First Lien Outsourcing, a member of The First American Corporation (NYSE:FAF) family of companies, announced today that it has partnered with National Bankruptcy Services (NBS), the nation’s premier provider of bankruptcy administration and vendor management services, to jointly provide default management and administrative outsourcing services to mortgage lenders and servicers.

Read the entire story here.

Posted by S. Germain at 08:53 AM | Comments (0)

Marketlinx® and Most Home Real Estate Services Renew Agreement

MarketLinx, Inc., a leading provider of information technology to the residential real estate industry and Most Home Real Estate Services, a wholly owned subsidiary of Most Home Corp. (OTCBB: MHME), today announced the renewal of their reseller and original equipment manufacturer agreement. Through this agreement, MarketLinx offers Most Home’s leading wireless multiple listing service (MLS) solution to its more than 140 MLS customers through the MarketLinx MLS Wireless product.

Read the entire story here.

Posted by S. Germain at 08:52 AM | Comments (0)

First American Mortgage Information Services Group Awarded Best Regional Corporate Diversity Program by The Mortgage Bankers Association

The First American Corporation announced that its Mortgage Information Services Group’s diversity program has been selected as the Mortgage Bankers Association’s (MBA) 2007 Best Overall Regional Corporate Diversity Program. In addition, division President Barry Sando has been selected as the MBA’s 2007 Diversity Champion of the Year.

Read the entire story here.

Posted by S. Germain at 08:51 AM | Comments (0)

November 09, 2007

MarketLinx Launches MLXchange 4.0 Featuring Microsoft Virtual Earth

MarketLinx, Inc. announced the launch of the latest version of its popular Multiple Listing Service (MLS) system, MLXchange 4.0, which supports Microsoft Virtual Earth mapping software.

MarketLinx has signed an agreement with Microsoft Corp. to support Virtual Earth technology in its MLXchange™, TEMPO™ and InnoVia™ Multiple Listing Service (MLS) systems, which currently serve more than 620,000 real estate professionals in the United States and Canada.

Posted by S. Germain at 08:52 AM | Comments (0)

First American CoreLogic Named to FinTech List of Top 100 Financial Technology Providers

First American CoreLogic, a member of The First American Corporation family of companies, announced today that it has been named a top financial technology provider, ranking 82 out of 100, on the FinTech 100 list for 2007. The FinTech list is an annual international listing of the top financial technology companies published by American Banker and the research firm Financial Insights(TM).

The ranking of the top 100 technology providers is categorized and evaluated based on fiscal year-end revenues and the percentage of revenues attributed to financial services. Data is gathered from surveys completed by providers, as well as original research and market analysis conducted by Financial Insights

Posted by S. Germain at 08:50 AM | Comments (0)

November 02, 2007

The First American Corporation Announces Financial Results For The Third Quarter of 2007

First American's press release announcing its third quarter financial results for 2007 is available to download as a PDF by clicking the link below.

Read the entire story here.

Posted by S. Germain at 08:43 AM | Comments (0)

RP Data and First American CoreLogic Announce Automated Valuation Model (AVM) Agreement with Genworth Financial

RP Data, Ltd., the largest supplier of property information services in Australia and New Zealand, and First American CoreLogic, Inc. nnounced that Genworth Financial has signed an agreement to license RP Data’s advanced set of automated valuation models (AVMs) for use in the Australian residential property market.

Genworth Financial, a leading provider of lenders mortgage insurance and credit enhancement product solutions in Australia and New Zealand, is the first customer to benefit from RP Data’s recent introduction of enhanced automated valuation models using the proprietary algorithms and advanced analytics available from First American CoreLogic.

Posted by S. Germain at 08:42 AM | Comments (0)

First American LoanPerformance Announces Availability of Riskmodel™ 4.0 Analytics Solution

First American LoanPerformance announced the availability of RiskModel 4.0, its industry-leading analytics solution which forecasts future mortgage prepayments, defaults, losses and projected cash flows.

Read the entire story here.

Posted by S. Germain at 08:40 AM | Comments (0)

Latest Issue of First American LoanPerformance MarketPulse Report Features Deutsche Bank Study

First American LoanPerformance announced that the latest issue of its MarketPulse report is available for download at www.loanperformance.com.

This latest report features a new white paper titled, “The Impact of Underwriting Subprime ARMs at the Fully Indexed Rate: An Analysis of Debt-to-income Ratios,” by Karen Weaver, managing director, global head of securitization research and regional research head for the Americas; and Katie Reeves, director, global securitization research for Deutsche Bank.

Posted by S. Germain at 08:39 AM | Comments (0)

First American Title Insurance Company Offers Assistance to Homeowner Fire Victims in Southern California

First American Title Insurance Company announced today that it will replace recorded mortgage documents, property tax information, recorded deeds and tax assessor maps at no charge for homeowners who lost their homes in the recent fires in Southern California.

In addition to complimentary document replacement, First American is offering a 40 percent discount on title insurance for fire victims securing a new deed of trust or a construction loan on those lost properties.

Posted by S. Germain at 08:38 AM | Comments (0)

October 26, 2007

Leading Real Estate Companies of The World™ Selects MarketLinx®

MarketLinx Inc. and Leading Real Estate Companies of the World (LeadingRE), a global real estate network, today announced a joint marketing agreement to offer MarketLinx technology through Leading Real Estate Solutions™, LeadingRE’s division of endorsed products for LeadingRE member firms.

AgentAchieve will be the first MarketLinx product available through the LeadingRE global network of real estate firms. AgentAchieve is a complete solution for real estate brokerages that integrates business management and productivity tools to help real estate firms manage critical aspects of their business including online systems, lead management, agent productivity, recruiting and retention.

Posted by S. Germain at 08:59 AM | Comments (0)

The First American Corporation to Hold Third-Quarter Conference Call on November 1

The First American Corporation announced that it will host a conference call on Nov. 1, 2007, at 11 a.m. EDT. The call will follow the announcement of the company's third-quarter operating results, which is scheduled for release on Nov. 1, 2007, at 8:32 a.m. EDT.

The conference call, which will also be broadcast over the Internet and is open to investors, members of the financial community, the media and other members of the public, can be accessed online at http://www.firstam.com/investor or by dialing toll free (888) 955-3516. Callers from outside the United States may dial (210) 234-5896. The pass code for the event is "First American."

Posted by S. Germain at 08:57 AM | Comments (0)

October 19, 2007

First American LoanPerformance Releases August 2007 House Price Index

First American LoanPerformance announced the release of its August 2007 LoanPerformance Home Price Index (HPI).

The LoanPerformance HPI provides a comprehensive set of monthly home price indices and median sales prices covering 7,376 ZIP codes, 956 Core Based Statistical Areas (CBSA) and 655 counties in all 50 states and the District of Columbia. The index, which is the most comprehensive available in the industry, is reported five weeks after each month ends.

Read the entire story here.

Posted by S. Germain at 08:29 AM | Comments (0)

First American Real Estate Tax Service Announces New Web Portal That Streamlines Access to Tax Data

First American Real Estate Tax Service announced the launch of its new Web-based data solutions portal that provides a streamlined interface and enhanced reporting capabilities for originators, lenders and investors conducting tax-related activities and research.

The data solutions portal serves as a centralized point of access into First American’s extensive 130 million parcel property tax database, which is the largest in the industry. The portal offers clients the ability to secure data that can be used for preparing accurate good faith estimates and HUD-1 settlement statements.

Posted by S. Germain at 08:27 AM | Comments (0)

First American Default Technologies Announces 8th Annual Default Technology Conference

First American Default Technologies announced that its 8th Annual Default Technology Conference will be held October 24-26, 2007, at the Hilton Hotel in Las Vegas, Nev.

The conference is unique in the default arena as it offers an industry-wide forum specifically focused on present and future default technologies. Topics and panel discussions will cover loss mitigation technology and trends, foreclosure and bankruptcy updates, investor updates, business process automation and quality improvement.

Posted by S. Germain at 08:27 AM | Comments (0)

Kenneth Manqueros Named President of First American Title’s Agency Services Division

First American Title Insurance Company announced today that Kenneth Manqueros has been named president of the company’s National Agency Services division. In his new role, Manqueros will plan and execute the division’s strategies, as well as coordinate the activities of the regional offices that service the company’s agents nationwide.

Posted by S. Germain at 08:26 AM | Comments (0)

First American eAppriseIT Offers Relocation Valuations

First American eAppraiseIT announced it is offering relocation valuations to corporations, national mortgage lenders and national relocation service providers.

In response to the demands of the relocation market, eApprasieIT developed an appraisal management service offering that utilizes the efficiencies of state-of-the-art technology and ensures shortened appraisal delivery times, all while consistently providing quality and service control measures to deliver an accurate valuation. eAppraiseIT service offerings are fully customizable and offer process flexibility to meet each client’s unique requirements and individual needs.

Posted by S. Germain at 08:25 AM | Comments (0)

October 12, 2007

First American LoanPerformance Announces Major Enhancements to Truestandings® Securities Data and Analytics Solution

First American LoanPerformance, a member of The First American Corporation family of companies and a leader in residential mortgage data and analytics for the mortgage industry and Wall Street, today announced major enhancements to TrueStandings Securities®, its Web-based business intelligence platform that provides loan-level access to First American LoanPerformance’s industry-leading securities database containing over $2 trillion worth of mortgage transactions representing 85 percent of active nonagency securitized mortgages.

Read the entire story here.

Posted by S. Germain at 09:04 AM | Comments (0)

The First American Corporation Expands Business Process Outsourcing Solutions for Mortgage Industry Through MortgageBPO

The First American Corporation, America’s largest provider of business information, today announced the release of MortgageBPOSM, a new business process outsourcing solution that combines flexible domestic and offshore configurations, scalable staffing options and technology development support for cost-effective mortgage processing.

Read the entire story here.

Posted by S. Germain at 09:02 AM | Comments (0)

October 05, 2007

First American Announces Acquisition of Proxix Solutions

The First American Corporation announced that it has acquired Proxix Solutions, a leader in the geospatial industry. Terms of the transaction were not disclosed.

Proxix Solutions combines location intelligence with enterprise solutions to help businesses make more informed decisions, understand and mitigate risks, cultivate profitable customer relationships and increase market penetration. With current customers ranging from the property and casualty insurance industry to telecommunications, Proxix adds a new dimension to First American’s strategic initiative of combining our vast databases with predictive analytics for growth in new industries Proxix will be integrated into the newly formed First American Spatial Solutions division based in Austin, Texas.

Posted by S. Germain at 09:28 AM | Comments (0)

First American to Host MBA’s School of Mortgage Servicing at Westlake, Texas Campus

The First American Corporation announced that it will host the School of Mortgage Servicing offered by the Mortgage Bankers Association (MBA), December 11-13, at its Westlake, Texas, campus.

Students attending the School of Mortgage Servicing will earn required credits towards their Certified Mortgage Servicer designation. Comprehensive mortgage servicing training will be offered at the December school on topics such as portfolio valuations, servicing sales and acquisitions, customer service, escrow, default, loss mitigation, real estate owned (REO) transactions and more.

Posted by S. Germain at 09:27 AM | Comments (0)

September 28, 2007

First American LoanPerformance Announces Availability of TrueStandings® Home Price Index

First American LoanPerformance announced its new TrueStandings Home Price Index (HPI) analytics solution, the most comprehensive source of real estate price trends for mortgage investment professionals, mortgage risk managers and analysts.

TrueStandings HPI incorporates more than 30 years of repeat sales transactions representing more than 45 million observations sourced from a vast property information database owned by its parent company, First American CoreLogic. TrueStandings HPI provides a comprehensive set of monthly home price indices and median sales prices covering all states and the District of Columbia, 7373 zip codes, 956 Core Based Statistical Areas (CBSA) and 640 counties. In addition, TrueStandings HPI provides multi-tier market evaluation based on price, time between sales, property type and loan type (conforming vs. non-conforming.)

With TrueStandings HPI, users can monitor real estate trends by market, identify at-risk markets as they unfold, selectively evaluate markets by tier and fine tune investment strategies.

Posted by S. Germain at 08:27 AM | Comments (0)

September 21, 2007

First American eAppraiseIT Enhances Valuation Solutions for Default Servicers

First American eAppraiseIT announced that it has enhanced its selection of valuation services to meet the growing needs of default servicers.

First American eAppraiseIT has streamlined pricing structures, realigned staff resources, expanded key product offerings and has established a Real Estate Owned (REO)-specific appraiser subpanel that provides automatic priority assignment to appraisers best suited for REO property valuations. Training sessions focused on tools and best practices for providing the highest quality appraisals for REO clients were recently held with members of the REO subpanel, which now includes more than 2,000 appraisers nationwide.

Posted by S. Germain at 08:34 AM | Comments (0)

September 14, 2007

First Title Insures Allianz in Record Romanian Property Deal

First Title Insurance plc (First Title), the largest provider of title insurance in the United Kingdom and Europe, announced that it is insuring the title on Romania’s largest office-space transaction, which includes three buildings in Bucharest previously owned by the European Convergence Property Fund (ECPC) and recently purchased by Deutsche Gesselschaft fur Immobilierenfonds (DEGI), the real estate investment arm of the German company Allianz.

Posted by S. Germain at 08:52 AM | Comments (0)

Landon V. Taylor Named President of First American Title’s strategic markets Division

First American Title Insurance Company announced that Landon V. Taylor has been named president of the company’s Strategic Markets Division. In his new role, Taylor will be responsible for executing an aggressive, national market-penetration strategy designed to further enhance the company’s position as the title and settlement company of choice for the multicultural real estate market, the nation’s fastest-growing homebuying segment. In addition, Taylor has been appointed to First American Title’s board of directors.

Posted by S. Germain at 08:51 AM | Comments (0)

September 07, 2007

The First American Corporation Announces Cost Reduction Initiatives

The First American Corporation announced that the company expects to reduce personnel by approximately 1,300 full-time equivalents (“FTEs”) in the third quarter of 2007. This is in addition to approximately 600 FTEs eliminated in the second quarter of 2007. The personnel reductions in the second and third quarters of 2007 are expected to generate annualized cost savings of $108 million. Of these personnel reductions, 1,400 FTEs will be in the title insurance and services segment, which is expected to generate annualized cost savings of $66 million. The company also expects to curtail or eliminate certain perquisites and executive benefits in the third quarter, resulting in annualized cost savings of $16 million, including $12 million in the title insurance and services segment. In light of rapidly changing economic conditions the company continues to evaluate its personnel needs, including its utilization of offshore resources.

Posted by S. Germain at 09:01 AM | Comments (0)

iLeads.com Partners with The First American Financial Corporation to Enhance Insurance Leads

iLeads.com and The First American Financial Corporation have teamed up to provide real-time insurance leads enhanced with exclusive homeowner’s data, allowing for the calculation of the consumer’s underinsurance amounts prior to the sales call.

Posted by S. Germain at 08:59 AM | Comments (0)

August 31, 2007

First American LoanPerformance Mortgage Securities Database Surpasses $2 Trillion Milestone

First American LoanPerformance announced that its industry-leading mortgage securities database now contains loan-level information on more than $2 trillion worth of active nonagency securitized mortgages representing 85 percent of all nonagency mortgage securities.

The First American LoanPerformance mortgage securities database is the
mortgage industry's largest repository of nonagency mortgage-backed
securities (MBS) and asset-backed securities (ABS) data. Mortgage profesionals rely on this critical performance information to monitor and analyze credit risk and make securities valuation and pricing decisions.

Posted by S. Germain at 09:22 AM | Comments (0)

August 24, 2007

First American CoreLogic Debuts Multi-Closing Alert Program

According to First American CoreLogic, cooperation between lenders and technological links “is key to minimizing damage from criminals gaming the system.” The company said the term “shotgunning” is being used more frequently. The term refers to a situation in which a perpetrator applies for home equity loans from multiple lenders using a single piece of collateral. By the time the con leaves the scene, the “borrower” has extracted several loan payouts.

In response to the problem, the company introduced its Multi-Closing Alert Program early this year. First American CoreLogic said the newly emerging fraud scheme identifies perpetrators applying simultaneously for loans. Participating lenders send daily batch files containing loan closing activity. The program analyzes the files, rapidly identifies multi-closing scenarios and returns daily results to lenders. The program alerted lenders to more than $3.5 million of potential loss within its first few months.

Posted by S. Germain at 08:17 AM | Comments (0)

August 10, 2007

First American eAppraiseIT Announces Two Executive Appointments

First American eAppraiseIT announced that Diane Swanson has been named vice president, national sales manager, and Barbara Girolami has been promoted to vice president, valuation consulting for First American eAppraiseIT’s Valuation Consulting group.

In this newly created position of national sales manager, Swanson will oversee all aspects of the First American eAppraiseIT Valuation Consulting group, including the establishment of sales territories and the recruiting, hiring and training of valuation consultants. She will also act as the liaison between the Valuation Consulting group and various product companies and departments within The First American Family of Companies.

As vice president, valuation consulting for First American eAppraiseIT’s Valuation Consulting group, Girolami will manage client consulting and sales of traditional appraisal services. In addition to the work she does for First American eAppraiseIT, Girolami will also work closely with members of the First American sales force, by providing technical (appraisal) expertise to assist with new business opportunities.

Posted by S. Germain at 09:06 AM | Comments (0)

August 03, 2007

The First American Corporation Reports Financial Results For The Second Quarter Of 2007

Read the entire story here.

Posted by S. Germain at 08:56 AM | Comments (0)

July 30, 2007

The First American Corporation to Hold Second-Quarter Conference Call on August 2

The First American Corporation announced that it will host a conference call on Aug. 2, 2007, at 11 a.m. EDT. The call will follow the announcement of the company’s second-quarter operating results, which is scheduled for release on Aug. 2, 2007, at 8:32 a.m. EDT.
The conference call, which will also be broadcast over the Internet and is open to investors, members of the financial community, the media and other members of the public, can be accessed online at www.firstam.com/investor or by dialing toll free (888) 955-3516. Callers from outside the United States may dial (210) 234-5896. The pass code for the event is “First American.”

Posted by S. Germain at 09:14 AM | Comments (0)

First American Launches Debt Recovery Software Company

The First American Corporation announced the launch of First American Intelligent Recovery Systems, a new company under First American Default Information Services division, which markets collaboration software used by the debt recovery industry.

Read the entire story here.

Posted by S. Germain at 09:13 AM | Comments (0)

July 20, 2007

First American Default Information Services Launches New Consulting Group

First American Default Information Services announced the formation of its new Default Consulting group to assist mortgage servicers in assessing and enhancing their default businesses.

First American’s Default Consulting group will share best practices with customers along with any noted risk assessments and specific recommendations for operational improvement. Available services include process improvement, due diligence reviews, policy and procedure design, backlog resolution and Six Sigma project management.

“Our consulting group is a natural, value-added service that builds upon our industry leadership and expertise in the default arena,” said Chris Leavell, chief operating officer of First American Default Information Services.

Posted by S. Germain at 11:41 AM | Comments (0)

Joshua Dougan Named VP for First American Information Services' New Consulting Group

First American Default Information Services announced that Joshua B. Dougan has been named vice president of its new consulting group.

In this new role, Dougan will be responsible for assisting with client service and support, implementing strategic plans for continued growth and overseeing the consulting group’s internal operations. The newly formed consulting group provides Six Sigma project management, process improvement, policy and procedure design and training.

Posted by S. Germain at 11:40 AM | Comments (0)

July 13, 2007

iLeads.com Partners with The First American Financial Corporation to Enhance Insurance Leads

iLeads.com, the nation’s leading provider of internet-generated consumer leads for the insurance and mortgage industries, and The First American Financial Corporation, America’s largest provider of business information, have teamed up to provide real-time insurance leads enhanced with exclusive homeowner’s data, allowing for the calculation of the consumer’s underinsurance amounts prior to the sales call.

Posted by S. Germain at 09:10 AM | Comments (0)

The First American Corporation Appoints George Grupp Chief Financial Officer of Its Specialty Insurance Segment

The First American Corporation , America's largest provider of business information, has named George Grupp chief financial officer of the company's Specialty Insurance segment.

In his new role, Grupp will be responsible for overseeing the segment's financial reporting, financial compliance and budgeting, as well as interfacing with independent auditors and rating agencies. In addition, Grupp will advise all companies within the Specialty Insurance segment on financial matters. This includes First American Property & Casualty Insurance Company, where he will maintain his current position as executive vice president and chief financial officer.

Posted by S. Germain at 09:09 AM | Comments (0)

June 29, 2007

The First American Corporation Announces the Future Retirement of Craig I. DeRoy

The First American Corporation reported that Craig I. DeRoy has announced that he will retire effective Dec. 31, 2007. DeRoy, who joined First American in 1993, and has served as president of the company since 2004, has indicated that he plans to spend more time on philanthropic and other endeavors. During DeRoy’s time with the company, First American’s revenues grew from $1.4 billion in 1993 to $8.5 billion in 2006.

DeRoy will continue to work with the company under a five-year, part-time consulting agreement entered into with the company in connection with his retirement. First American has no current intention to appoint a new president to replace DeRoy.

Posted by S. Germain at 08:39 AM | Comments (0)

Change in Credit-Score Process to Have Impact

Fair Isaac Corp. will change its FICO credit-scoring system in September, which could cause some consumers to see dramatic increases or declines in their credit ratings. Fair Isaac spokesman Chris Watts says there presently are 10 population segments with different formulas--eight for consumers with good credit and two for consumers with problem credit--but the changes will increase the number of segments to 12, adding two segments for people with poor credit. According to Watts, "This new system will give lenders more dependable scores for those higher-risk consumers and those who have little history."

Posted by S. Germain at 07:49 AM | Comments (0)

June 15, 2007

The First American Corporation Announces Three Senior-level Appointments

The First American Corporation, America’s largest provider of business information, today announced that Michael A. Rasic has been named vice president, director of SEC reporting; David L. Ruhm, chief actuary; and Mark E. Seaton, director of investor relations.
“Mike, David and Mark each have extensive experience and a significant understanding of their respective fields,” said Frank V. McMahon, vice chairman and chief financial officer of The First American Corporation. “I look forward to working with each one on upcoming projects, and am confident that their expertise and subsequent contributions will bring added strength to First American’s SEC reporting, actuarial and investor relations functions.”

Posted by S. Germain at 09:27 AM | Comments (0)

Jo Etta Bandy Promoted to Senior Vice President, Corporate Communications for The First American Corporation

The First American Corporation, America’s largest provider of business information, today announced that Jo Etta Bandy has been appointed senior vice president, corporate communications.

Recognized for her vital role in working with executive management to develop and disseminate the company’s key messages, Bandy will continue to oversee all facets of First American’s corporate communications efforts, which include media and public relations and internal employee communications and messaging, as well as corporate branding and reputation management.

Posted by S. Germain at 09:26 AM | Comments (0)

June 08, 2007

The First American Corporation's Chairman & Chief Operating Officer Visit India Operations

First Indian Corporation, a wholly owned subsidiary of The First American Corporation recently hosted First American corporate executives Parker S. Kennedy, chairman and CEO and Dennis Gilmore, COO during a five-day visit to India.

The First American officers visited First Indian offices in Bangalore and Hyderabad in order to gain greater insight into the corporation’s overseas operations. During the visit, they reviewed opportunities to further extend First American product and service offerings in the Indian market, met with a high government official to exchange views on First American's expansion plans and learned more about the Indian government, culture and economic vision.

“The Indian economy is growing rapidly and factors strongly into our plans to expand product and service offerings globally,” said Kennedy. “We have established a leadership position in the real estate and mortgage information industries, and that uniquely positions us to offer a higher degree of sophistication in the area of business information services in India.”

Posted by S. Germain at 09:34 AM | Comments (0)

June 01, 2007

Appeals Court Reverses First American Damages

First American Corp. said a federal appeals court has reversed $32.4 million in punitive damages against one of the title company’s subsidiaries.

The 6th U.S. Circuit Court of Appeals last week reversed an early 2005 verdict in the case of Chicago Title Insurance Corp. versus James A. Magnuson, First American said in a Securities and Exchange Commission filing.

The appeals court also ordered a new trial.

The original lawsuit was filed by Chicago Title Insurance Corp., a unit of First American’s rival Fidelity National Financial Inc., which moved from Irvine to Florida in 2003.

Posted by S. Germain at 08:31 AM | Comments (0)

May 25, 2007

First American CREDCO Partners With CreditXpert

CreditXpert Inc., a developer of credit management and optimization solutions, today announced its partnership with First American CREDCO, the leading provider of merged credit reports to the mortgage and consumer finance industries and part of First Advantage Corporation (Nasdaq: FADV - News). First American CREDCO's mortgage origination customers now have access to CreditXpert What-If Simulator(TM), CreditXpert Essentials(TM) and CreditXpert Detective(TM) - software solutions designed to maximize consumer credit ratings.

Posted by S. Germain at 08:17 AM | Comments (0)

The First American Corporation Declares Quarterly Cash Dividend

The First American Corporation (NYSE: FAF), America's largest provider of business information, today announced that its board of directors has declared a regular quarterly cash dividend of 22 cents per common share.

The cash dividend is payable on July 16, 2007, to shareholders of
record as of June 29, 2007. First American has paid a cash dividend for each of the last 98 years.

Posted by S. Germain at 08:15 AM | Comments (0)

May 18, 2007

FirstClose(TM) and First American eAppraiseIT Announce Strategic Partnership

FirstClose, a service of First Lenders Data, Inc. (FLDI), an Austin, Texas-based provider of bundled mortgage settlement services, and First American eAppraiseIT announced today that they have formed a strategic partnership to make First American eAppraiseIT appraisal and valuation services available to the growing list of FirstClose sales agents, resellers, credit unions, banks, and mortgage lenders.

All services offered by eAppraiseIT are now available via the FirstClose platform through a strategic technological integration. Services include 1004 full appraisals, 2055 drive by appraisals, desktop appraisals, and the entire suite of eAppraiseIT valuation services. The technology integration also provides lenders the current status of all appraisal orders, up to date notes and comments regarding the order, real time pricing information, and more.

Posted by S. Germain at 09:09 AM | Comments (0)

May 11, 2007

First American Title Insurance Company Expands Operations in People's Republic of China

First American Title Insurance Company's International Division today announced the establishment of First Title (Beijing) Real Estate Guaranty Co., Ltd., the first wholly foreign-owned enterprise dealing with real estate guaranty in China.

First American has appointed Jinqiang Shi (Gene Shi) as managing director and president of the new company, which provides banks, real estate professionals, developers and others with the Chinese version of escrow products and services necessary to bring peace of mind to local real estate practitioners, as well as home buyers and sellers.

Posted by S. Germain at 08:20 AM | Comments (0)

May 04, 2007

First American Reports Financial Results for First Quarter 2007

Read the entire story here.

Posted by S. Germain at 09:50 AM | Comments (0)

April 27, 2007

The First American Corporation to Hold First-Quarter Conference Call on May 3

The First American Corporation (NYSE: FAF), America’s largest provider of business information, today announced that it will host a conference call on May 3, 2007, at 11 a.m. EDT. The call will follow the announcement of the company’s first-quarter operating results, which is scheduled for release on May 3, 2007, at 8:32 a.m. EDT.
The conference call, which will also be broadcast over the Internet and is open to investors, members of the financial community, the media and other members of the public, can be accessed online at www.firstam.com/investor or by dialing toll free (888) 955-3516. Callers from outside the United States may dial (210) 234-5896. The pass code for the event is “First American.”
An audio replay of the conference call will be available through May 10, 2007, by dialing

Posted by S. Germain at 09:33 AM | Comments (0)

April 20, 2007

Landon Taylor Promoted to Senior Vice President, Director of Market Development for The First American Corporation

The First American Corporation (NYSE: FAF), America’s largest provider of business information, today announced that Landon V. Taylor has been promoted to senior vice president, director of market development.

Read the entire story here.

Posted by S. Germain at 09:21 AM | Comments (0)

First American Home Buyers Protection Corporation Announces New President and Chief Operating Officer

First American Home Buyers Protection Corporation, a member of The First American Corporation (NYSE: FAF) family of companies, announced today that it has named Daniel T. Langston president and Lawrence F. Hariton chief operating officer.

Read the entire story here.

Posted by S. Germain at 09:20 AM | Comments (0)

First American’s Parcelpoint™ Technology Delivers New Level of Accuracy for Navigation and Location-Based Applications

The First American Corporation (NYSE: FAF), America’s largest provider of business information, announced today the release of ParcelPoint™, the next generation in geographic location technology that offers the most advanced solution for superior positional accuracy.

Read the entire story here.

Posted by S. Germain at 09:19 AM | Comments (0)

April 13, 2007

The First American Corporation to Hold First Quarter Conference Call

The First American Corporation announced today that it will host a conference call on May 3, 2007, at 11 a.m. EDT. The call will follow the announcement of the company's first-quarter operating results, which is scheduled for release on May 3, 2007, at 8:32 a.m. EDT.

Investors, members of the financial community and the media, can access the call by dialing 888-955-3516, and giving the pass code First American. The call will also be webcast at www.firstam.com/investor.

An audio replay of the conference call will be available through May 10, 2007, by dialing 203-369-3279. An audio archive of the call will also be available for replay on First American's Web site.

Posted by S. Germain at 09:39 AM | Comments (0)

Ray Abide Named EVP and COO for First American Commercial Real Estate Services

First American Commercial Real Estate Services, Inc. announced today that Raymond G. Abide Jr. has been named executive vice president and chief operating officer.

In his new position, Abide will be responsible for planning and overseeing the operational management of First American’s commercial lending and real estate clients.

Abide, who joined First American in 1996, brings extensive mortgage banking experience to his new position, most recently serving as senior vice president of information technology with the company’s Corporate Information Technology Group. He is also a certified public accountant.

Posted by S. Germain at 09:38 AM | Comments (0)

Vikki A. Roby Named SVP and Manager of First American National Claims Outsourcing

First American National Claims Outsourcing, a member of The First American Corporation family of companies, announced today that Vikki A. Roby has been named senior vice president and manager.

In her new position, Roby will oversee and manage post-foreclosure claim filings for all loan types including FHA, VA, subprime and conventional, and mortgage insurance for National Claims Outsourcing clients.

Roby brings more than 15 years of default management experience to her new position, most recently serving as vice president and credit sensitive asset channel manager with Homecomings Financial and as vice president of default administration with CitiMortgage, Inc.

Posted by S. Germain at 09:37 AM | Comments (0)

March 30, 2007

eAppraiseIT Enhances Popular PMI Release Program

eAppraiseIT, a leading provider of real estate valuation products and services, announced today that it has enhanced its Private Mortgage Insurance (PMI) Release Outsourcing Program by offering low-cost automated valuation models (AVMs) to homeowners to help them determine whether they will qualify for mortgage insurance release if they order a full appraisal.

Posted by S. Germain at 08:38 AM | Comments (0)

March 23, 2007

First American Launches New Suite of eClosing Services

The First American Corporation today announced the expansion of its eClosing technology offerings to help lenders and settlement agents further streamline the closing process.

Read the entire story here.

Posted by S. Germain at 08:34 AM | Comments (0)

First American Homeownership Foundation Marks First Year Anniversary

The unprecedented boom in homeownership and home values in recent years has benefited many Americans, but not all. The First American Homeownership Foundation (FAHF), a philanthropic entity established by The First American Corporation (NYSE: FAF), which recently completed its first year of operation, is working to address this inequity. FAHF focused heavily on assisting minority, new-immigrant and lower-income families achieve the dream of homeownership in 2006, and this year will emphasize helping current homeowners navigate the adjustable rate mortgage payment increases that are expected to be particularly challenging for lower-income families in 2007 and 2008.

Read the entire story here.

Posted by S. Germain at 08:32 AM | Comments (0)

First American CoreLogic Study Investigates Imapct of Mortgage Payment Reset on the Lending Industry and National Economy

First American CoreLogic, a member of The First American Corporation (NYSE: FAF) family of companies, released a new study today that investigates the impact of mortgage payment reset and provides insight into which loans will be most affected when adjustable-rate mortgages convert from low introductory interest rates to higher prevailing market rates. The study, titled “Mortgage Payment Reset: The Issue and the Impact,” is a definitive and comprehensive analysis of the issues surrounding mortgage payment reset during the next five to seven years.

Read the entire story here.

Posted by S. Germain at 08:30 AM | Comments (0)

March 16, 2007

First American Default Technologies Launches VendorScapeCMS 3.7

First American Default Technologies, a leading default mortgage servicing software provider and a member of The First American Corporation (NYSE: FAF) family of companies, announced today the release of VendorScapeCMS™ 3.7, an automated, configurable workflow solution for the mortgage servicing industry.

Read the entire story here.

Posted by S. Germain at 08:16 AM | Comments (0)

March 09, 2007

First American LoanPerformance Announces Major Enhancements to Its RiskModel Analytics Solution

First American LoanPerformance, a leader in residential mortgage data and analytics for the mortgage industry and Wall Street, announced today the availability of the latest version of its RiskModel analytics solution for forecasting future mortgage prepayments, defaults, losses and projected cash flows.

Read the entire story here.

Posted by S. Germain at 08:03 AM | Comments (0)

March 02, 2007

First American LoanPerformance Launches PreTell 1.2

First American LoanPerformance, a leader in residential mortgage data and analytics for the mortgage industry and Wall Street, announced today that version 1.2 of its PreTell Prepayment Scoring System is now available. This newest version has significantly expanded the types of loans scored and has added a new set of Cross-Sell Scores for enhanced cross-sell and new customer acquisition.

Posted by S. Germain at 09:29 AM | Comments (0)

The First American Corporation Reports Financial Results for the Fourth Quarter and Full Year 2006

The First American Corporation (NYSE: FAF - News), America's largest provider of business information, today announced financial results for the fourth quarter and full year ended Dec. 31, 2006.

Read the entire story here.

Posted by S. Germain at 09:25 AM | Comments (0)

February 26, 2007

First American Announces Launch of Electronic Signing Through EverBank

First American Title Insurance Company announced today that its Lenders Advantage division is now implementing WebSigning, a new application that gives consumers a safe, secure and convenient way to sign and approve mortgage refinance loan documents through the Internet. EverBank is the first lender to utilize the WebSigning service.

Posted by S. Germain at 08:45 AM | Comments (0)

First American Invests $1 Million in the San Francisco Housing Development Corporation’s Equity Fund

The First American Corporation announced today that its New Market Ventures Fund has invested $1 million in the San Francisco Housing Development Corporation’s (SFHDC) Equity Fund, a program addressing the housing and retail needs of southeast San Francisco and leading the development of 300 affordable new homes in San Francisco’s Bayview-Hunters Point neighborhood.

First American’s New Market Ventures Fund was established in 2006. It is committed to investing in companies and or projects that are designed to increase the rate of homeownership in under-served communities.

Posted by S. Germain at 08:43 AM | Comments (0)

February 16, 2007

The First American Corporation Selects Archer Technologies to Streamline and Automate Policy, Risk and Compliance Management Initiatives

Archer Technologies, a leader in enterprise risk and compliance management solutions, today announced that The First American Corporation, America's largest provider of business information, has selected Archer's Policy and Risk Management solutions to streamline business processes and provide meaningful insight on the company's information security risk and compliance environment.

Posted by S. Germain at 08:31 AM | Comments (0)

February 09, 2007

Philip C. Johnsen and Joni H. Pierce Assume Key Positions Within First American's Default Information Services Group

The First American Corporation (NYSE: FAF), America’s largest provider of business information, announced today that Philip C. Johnsen, has been named executive vice president of sales for the company’s Default Information Services group of companies. Filling the position previously held by Johnsen, Joni H. Pierce will now serve as chief operating officer for First American Residential Value View.

Read the entire story here.

Posted by S. Germain at 08:39 AM | Comments (0)

The First American Corporation to Hold Fourth Quarter Conference Call

The First American Corporation (NYSE: FAF), America’s largest provider of business information, announced today that it will host a conference call on March 1, 2007, at 11 a.m. EST. The call will follow the announcement of the company’s fourth-quarter operating results, which is scheduled for release on March 1, 2007, at 8:32 a.m. EST.

Investors, members of the financial community and the media, can access the call by dialing (888) 955-3516, and giving the pass code First American. The call will also be webcast at www.firstam.com/investor.

An audio replay of the conference call will be available through March 8, 2007, by dialing (203) 369-0114. An audio archive of the call will also be available for replay on First American’s Web site.

Posted by S. Germain at 08:38 AM | Comments (0)

First American Real Estate Solutions Merges With CoreLogic Systems, Inc.

The First American Corporation (NYSE: FAF), America’s largest provider of business information, today announced that it has merged its First American Real Estate Solutions (“RES”) division, a part of its FARES LLC subsidiary, with Sacramento, Calif.-based CoreLogic Systems, Inc., a leading provider of mortgage risk assessment and fraud prevention solutions. In 2006, RES and CoreLogic generated approximately $252 million and $74 million in revenues, respectively.

Read the entire story here.

Posted by S. Germain at 08:37 AM | Comments (0)

February 02, 2007

First American Launches Real Estate Information Technology Company, MarketLinx, Inc.

The First American Corporation (NYSE: FAF - News), America's largest provider of business information, today announced the launch of MarketLinx®, a new company established to effectively address the full range of information technology needs of residential real estate professionals. MarketLinx combines the strengths of First American subsidiaries First American MLS Solutions, Inc.; Offutt Systems; Sonic Eagle, Inc.; and Lucero Research Corporation to provide customizable technology solutions for multiple listing services, brokers and agents through a single entity.

MarketLinx offers a full line of technology and support services through systems currently used by more than half a million real estate professionals nationwide. Products and services include the MLXchange, TEMPO(TM) and InnoVia MLS systems and related association solutions; AgentAchieve(TM), a Web-based software solution that provides best-in-class broker business management and agent productivity tools; and Lucero Summit residential real estate office management software systems.

Posted by S. Germain at 08:07 AM | Comments (0)

January 26, 2007

First American LoanPerformance Announces 2007 Symposium Series

First American LoanPerformance, a leader in residential mortgage data and analytics for the mortgage industry and Wall Street, announced today the dates and locations for its 6th annual complimentary symposium series, which focuses on best-practice mortgage risk management strategies and solutions.

All symposiums will be held from 8:30 a.m. to 12 p.m. and will be preceded by registration and a complimentary breakfast buffet beginning at 8 a.m. A complete agenda and location details are available at www.loanperformance.com/events/symposiums. Attendees can register online by selecting the appropriate link for the city of their choice. Note: No vendors or consultants can register without prior approval from First American LoanPerformance. Questions regarding the 2007 First American LoanPerformance Symposium Series can be emailed to symposiums@loanperformance.com or answered by phone at (415) 536-3508.

Posted by S. Germain at 08:18 AM | Comments (0)

January 19, 2007

First American Introduces Instant Title for Refinance Transactio