First American Property Information and Services Group Announces Expanded Roles of Key Executives


March 1, 2006, SANTA ANA, Calif.

The First American Corporation (NYSE: FAF), America’s largest provider of business information, today announced that Michael T. Henney, president of First American subsidiary Data Trace, has taken on the additional role of president of First American subsidiary DataTree, LLC.  The company also announced that Robert Karraa, chief operating officer of DataTree LLC, has assumed the additional duty of chief operating officer at Data Trace. Data Trace, the nation’s largest provider of title plant services; and DataTree, the leading provider of recorded property documents nationwide, are both operating units within First American’s Property Information and Services Group.  

“DataTree and Data Trace are highly customer-focused businesses with complementary operations and markets,” said George Livermore, president of The First American Corporation’s Property Information and Services Group.  “These appointments leverage the strength and scope of our operations and management team to enhance value for our clients.” 

Henney has led Data Trace from its inception and is recognized throughout the industry as one of the most knowledgeable leaders in the title information services field.  Karraa has served as chief operating officer of DataTree since February 2004.  Prior to that, he held several leadership roles both in operations and sales for First American Real Estate Solutions (RES®), the nation’s largest provider of advanced property and ownership information, analytics and services.

First American’s Property Information and Services Group is the largest collector and provider of real estate information used by businesses to value, locate and analyze properties across the United States. Featuring the world’s most comprehensive database of real estate information and property characteristics, this segment’s companies include First American RES, DataTree and Data Trace.  Together, the companies within the Property Information and Services Group transform complex data gathered from thousands of public record and private sources into meaningful business information used by mortgage lenders, title companies, government agencies, property and casualty insurance groups, utilities, direct marketers, research and legal firms, and others. For more information, visit www.firstam.com.

The First American Corporation (NYSE: FAF), a FORTUNE 500® company that traces its history to 1889, is America’s largest provider of business information. First American combines advanced analytics with its vast data resources to supply businesses and consumers with valuable information products to support the major economic events of people’s lives, such as getting a job, renting an apartment, buying a car or house, securing a mortgage and opening or buying a business. The First American Family of Companies, many of which command leading market share positions in their respective industries, operate within five primary business segments, including: Title Insurance and Services, Specialty Insurance, Mortgage Information, Property Information, and Risk Mitigation and Business Solutions—a new segment that the company formed in 2005 by combining its Credit Information and Screening Information segments. With revenues of $8.1 billion in 2005, First American has approximately 2,000 offices throughout the United States and abroad. More information about the company and an archive of its press releases can be found at www.firstam.com.

 

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