First American MLS Solutions Signs Six New Accounts
— More Than 50 Percent of MLXchange Users Now Using MLX Professional —
November 10, 2006, VIENNA, Va.
First American MLS Solutions (FAMLS), a division of First American Residential Group and a member of The First American Corporation (NYSE: FAF) family of companies, today announced that six organizations have chosen First American’s MLXchange product as their new multiple listing service (MLS) system.
The new customers have a combined membership of more than 35,000 Realtors® and include the Connecticut Multiple Listing Service Inc., the Sarasota Association of REALTORS® (Florida), the Metro Area Board of REALTORS® (Arkansas), the Rogers Board of REALTORS® (Arkansas), the Central Louisiana Board of REALTORS® and the Regional Multiple Listing Service Inc. (Florida).
Serving more than 16,000 real estate professionals in the
“Running MLXchange in parallel gave us time to properly evaluate the system, and it eventually made the transition much easier for our members,” said Patty Connor, chief executive officer of RMLS. “Our conversion was very challenging due in part to the number of vendors with which we partner. We’re very pleased with our decision and have been able to move forward with full confidence.”
Four of the six new accounts, including RMLS, have also chosen to implement MLX Professional, First American’s customer relationship management and Agent Web Site solution. With these recent additions, more than half of MLXchange’s 220,000 users now have access to the enhanced customer relationship management (CRM) tools that MLX Professional provides.
“First American is working to assemble the first truly unified, end-to-end solution for the residential real estate industry,” said Stephen C. Roney, president and chief executive officer of First American Residential Group. “By integrating our MLS platforms with First American’s broker and agent software solutions via a single login, we offer real estate professionals access to property listing information, as well as a host of other tools to manage communications and aggregate listings for their businesses.”
“By directly integrating prospecting and client communication tools with property information, MLX Professional eliminates a major source of redundant data entry, saving Realtors significant time and money,” said Bryan Foreman, president of First American MLS Solutions.
MLXchange 3.0 is scheduled for release in early 2007 and will include dozens of new enhancements, including several premium features specifically for MLX Professional customers.
About First American MLS Solutions
First American MLS Solutions, a division of First American Residential Group, was created in 2005 through the combination of First American subsidiaries MarketLinx® Solutions and Interealty. Offering transaction management, association management and MLS systems, First American MLS Solutions provides a full line of products and support services to more than 600,000 real estate professionals in
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; Sonic Eagle and its flagship AgentAchieve software suite, offering broker business management, agent productivity tools, lead management, and MLS data aggregation; and Relocation Advantage and Certified Closing Network, leading providers of closing management services to relocation companies. For more information, visit: www.residential.firstam.com.
About First American Corporation
The First American Corporation (NYSE: FAF), a FORTUNE 500® company that traces its history to 1889, is