FIRST AMERICAN NAMES SAUNDERS VICE PRESIDENT & NATIONAL DIRECTOR OF AFFILIATED BUSINESS VENTURES


April 25, 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 that Linda L. Saunders has been named vice president and national director of First American’s affiliated business ventures.

Saunders, who has 24 years of title-industry experience, will manage a team that is responsible for identifying and forming business alliances with companies offering services that utilize or complement First American’s broad range of title, real estate and consumer information products and services. Saunders will establish executive-level contact with prospective partners, manage the roll out of the joint ventures and maintain an ongoing relationship with each company.

First American’s affiliated business ventures is a stand-alone operating unit that will be leveraging the service infrastructure contained within The First American Family of Companies. This division will serve as a point of entry for joint ventures with lender, Realtor™, builder and relocation customers of First American. Saunders’ experience and success in establishing the national closing infrastructure for First American Lenders Advantage will give her a strong foundation for her new role in managing the company’s affiliated and joint venture business opportunities.

Saunders joined First American Title Insurance Company in 1980, serving first as Dallas national accounts coordinator, and later as Texas national accounts manager and vice president of special projects.  In this role she created the initial national relocation unit for First American. She was later appointed vice president of national accounts and associate operations manager in 1998, and vice president and national manager for Lenders Advantage Nationwide Settlement Services in 1999.

Joining Saunders on her initial team will be Stephanie Seabolt, vice president of First American Title Insurance Company, who has 21 years of experience in all aspects of the industry.  Stephanie brings an extensive background in project management and implementation in connection with some of First American’s largest ventures. 

Spearheading the division’s involvement with real estate professionals will be Alan Greber.  Greber will be joining the new division as vice president of First American Title Insurance Company.  He recently joined First American after founding Security First Title Affiliates, Inc., which successfully operated as a title agent with more than 48 offices in five states and more than 1,000 Realtor partners.  Greber will carry that operational experience into relationships organized through this new division.

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; resident screening; pre-employment screening; property and automotive insurance tracking services; property and casualty insurance; home warranties, investment advisory; and trust and banking services. Information about the company and an archive of its press releases can be found on the Internet at www.firstam.com.

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