THE FIRST AMERICAN CORPORATION ACQUIRES FUSION MLS, LLC


October 30, 2001, SANTA ANA, Calif.

The First American Corporation (NYSE: FAF), the nation’s leading, diversified provider of business information and related products and services, today announced the acquisition of Fusion MLS, LLC, the nation’s premier provider of Internet-based Multiple Listing Service (MLS) solutions.   

As a leader in the title insurance and real estate information and services industries, First American has a long history of providing Realtors® with valuable products and services.  First American helps real estate agents improve their productivity by providing high-quality property data and maps; scholastic, demographic and crime statistics; automated valuation models; farming lists; and property listing packages. Fusion MLS expands First American’s product line with an easy-to-use MLS system that includes marketing, agent productivity, financial and communications tools to assist real estate agents in obtaining new listings, marketing properties for sale, and scheduling and managing the closing process.

“We are delighted to have Fusion MLS as a part of The First American Family of Companies,” said George S. Livermore, president of First American Real Estate Solutions. “In addition to expanding our already substantial offering of information and software applications to Realtors, we are acquiring a system in which customers have expressed tremendous satisfaction. We look forward to matching the Fusion MLS platform with First American’s considerable technology and data content to build the most popular MLS offering available.” 

“Fusion MLS provides our members an excellent system backed by a professional and responsive support team,” said Jay Huffman, chief executive officer of MLS of Northern Illinois, the largest MLS organization in the United States. “Its continued dedication, coupled with the commitment and resources of First American, will make this an increasingly valuable relationship for our organization.”

The data management, technical expertise and enterprise-level database systems and services of First American will support the expansion of Fusion MLS.  MLS organizations and Realtors nationwide will benefit from increased reliability and product choices resulting from First American’s investment in the ongoing development of next-generation MLS solutions. 

Kelly Pantis, executive vice president and general manager of Fusion MLS, LLC, said: “By leveraging the resources and support of First American, we will deliver an unbeatable package of new applications and data enhancements that will quickly establish this as the preeminent property listings system.”

The First American Corporation, based in Santa Ana, Calif., is the nation’s leading, diversified provider of business information and related products and services. The corporation’s three primary business segments include: title information and services; real estate information and services, which includes mortgage information services and database information and services; and consumer information and services, which provides automotive, subprime and direct-to-consumer credit reporting; direct-to-consumer public records reporting, resident screening; pre-employment screening; automotive title administration; property and automotive insurance tracking services; property and casualty insurance; home warranties; investment advisory; and trust and banking services. Information about First American and an archive of press releases can be found at www.firstam.com.

Certain statements made in this press release, including those relating to benefits derived from the integration of technology and the market acceptance of that technology, are forward-looking. Risks and uncertainties exist which may cause results to differ materially from those set forth in these forward-looking statements. Factors that could cause the anticipated results to differ from those described in the forward-looking statements include: interest rate fluctuations; changes in the performance of the real estate markets; general volatility in the capital markets; changes in applicable government regulations; consolidation among the company’s significant customers and competitors; legal proceedings commenced by the California attorney general and related litigation; the company’s continued ability to identify businesses to be acquired; changes in the company’s ability to integrate businesses which it acquires; and other factors described in the company’s Annual Report on Form 10-K for the year ended Dec. 31, 2000, filed with the Securities and Exchange Commission. The forward-looking statements speak only as of the date they are made. The company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made. 

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