First American and Lucero Announce Strategic Alliance

—Agreement Will Integrate Lucero’s Summit Software With First American’s Transaction Management Platform—


May 18, 2006, SANTA ANA, Calif.

First American Residential Group, a member of The First American Corporation (NYSE: FAF) family of companies, today announced a new alliance with Lucero Research Corporation, a leading provider of real estate office management software systems. This marketing agreement between two best-in-class service providers establishes First American as the first national software partner to integrate with Lucero’s Summit software. The integration will support the seamless exchange of transaction data between Summit and First American’s Transaction Manager, enhancing the value proposition of both technologies.  The companies will begin the integration during the second quarter of 2006. 

“Our alliance with Lucero will broaden First American’s exposure to a significantly larger and more diversified list of customers throughout the real estate broker and franchisor community,” said Stephen C. Roney, president and chief executive officer of First American Residential Group. “By maximizing our relationship opportunities in the real estate brokerage community, we expand our ability to provide additional First American services, products and technologies to this target market. This furthers our strategy of providing real estate professionals, buyers, sellers and borrowers with comprehensive and convenient products and services that reduce the cost and time associated with residential real estate transactions.”

Lucero has established a strong market position through the success of its core product, Lucero Summit.  Lucero Summit is used by more than 3,500 companies in nearly 6,000 office locations in the United States, throughout the Caribbean, Central America, Europe, Asia and Australia. Deployed via CD and the Web, Lucero Summit has an extensive array of features and unique reporting capabilities to assist real estate professionals in efficiently and profitably managing all phases of their operations. Core functions of the system include management and tracking of all aspects of the real estate contract, as well as instant, automated agent commission calculations. Users also have access to tools that help manage listings, showing appointments, lead capture and distribution, Web site generation and a variety of other tasks vital to real estate office success.  

“Our team has done a remarkable job in developing broker management software that will easily integrate with First American’s transaction management platform,” said Howard Jones, founder of Lucero Research and creator of Lucero Summit software.  “The partnership with First American enables us to provide an even more complete and compelling product and service solution to our customers.” 

About Lucero Research
Lucero Research was founded in Arizona in 1986.  Its flagship product, Lucero Summit, is a real estate office management system addressing virtually all aspects of real estate company operations.  Many of the world’s most successful real estate companies rely on Lucero Summit for their daily operations.  Lucero grew from a one-person operation in 1986 to having development and sales offices in Arizona, California, Florida, Toronto and Melbourne, Australia.  Additional information can be found at www.lucero.com and www.lucerosummit.com

About First American Residential Group
First American Residential Group is a subsidiary business line established by The First American Corporation in 2002 to address the real estate brokerage, multiple listing service (MLS) and relocation market segments with the full array of First American capabilities.  Its systems streamline real estate listing, financing and closing processes, resulting in increased efficiency and profitability. First American Residential Group operating units include First American MLS Solutions, the nation’s leading provider of MLS systems and real estate software in North America; and Relocation Advantage and Certified Closing Network, leading providers of closing management services to relocation companies.  For more information, visit: www.residential.firstam.com.  

                        

 

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