VENDOR MANAGEMENT SERVICES, INC. APPOINTS LEN FRANCO SENIOR VICE PRESIDENT


March 9, 2001, BLOOMINGTON, Minn.

Vendor Management Services, Inc. (VMS) today announced that Len Franco has been promoted to senior vice president of national sales and marketing. VMS is a wholly owned subsidiary of The First American Corporation (NYSE: FAF).

Franco, who is based in New York, will assume responsibility for the implementation of the 2001 national sales and marketing campaign. With 13 years of industry experience, he had most recently served on the national accounts sales team for First American Real Estate Information Services, Inc. 

Vendor Management Services, Inc. (VMS) provides national mortgage lenders with a complete menu of solutions designed to reduce the cost of their operations, enhance the performance of their vendors and create new sources of revenue that add to the lenders' net earnings. Information on VMS' Bottom Line Solutions, which includes technology, workflow management, vendor management and new revenue generation, can be found on the company's Web site at www.tvmsi.com

"Len's extensive mortgage industry knowledge is perfectly suited to bring the advantages of VMS to the marketplace," said Landon Taylor, president and chief executive officer of Vendor Management Services, Inc. "His experience in delivering the complete array of mortgage services to a national client base will be a tremendous asset as the industry continues to embrace the advantages that VMS can provide." 

The First American Corporation, based in Santa Ana, Calif., is the nation’s leading provider of business information and related products and services. The corporation’s three primary business segments include: title insurance 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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