First American CoreLogic Named to FinTech List of Top 100 Financial Technology Providers
—Prestigious Recognition Reflects Company’s Leadership and Innovation as a Property Data and Analytics Company—
November 8, 2007, SANTA ANA, Calif.
First American CoreLogic, a member of The First American Corporation (NYSE: FAF) family of companies, announced today that it has been named a top financial technology provider, ranking 82 out of 100, on the FinTech 100 list for 2007. The FinTech list is an annual international listing of the top financial technology companies published by American Banker and the research firm Financial Insights™.
The ranking of the top 100 technology providers is categorized and evaluated based on fiscal year-end revenues and the percentage of revenues attributed to financial services. Data is gathered from surveys completed by providers, as well as original research and market analysis conducted by Financial Insights.
“This award is welcome recognition for the energy and effort that First American CoreLogic has put into providing the financial services industry with the most comprehensive and efficient residential property data, analytics, risk assessment and fraud prevention tools available,” said Steve Schroeder, executive vice president of risk management for First American CoreLogic. “Recognition by FinTech is a powerful statement that reflects the confidence and trust the U.S. financial services industry places in our company, our technology and people.”
First American CoreLogic continues to introduce a number of innovative technology products in 2007, including ValuePoint®4 Default, a new automated valuation model (AVM) designed specifically to estimate distressed property values. ValuePoint 4 Default is proven to be more accurate than traditional Broker Price Opinions (BPOs) at a fraction of the cost.
About First American CoreLogic
First American CoreLogic, a member of The First American Corporation (NYSE: FAF) family of companies, was formed through the merger of First American Real Estate Solutions, America’s largest provider of advanced property and ownership information, analytics and services, with CoreLogic Systems, the leading provider of residential mortgage risk management and fraud protection technology and services. The combined companies’ databases cover more than 3,000 counties, representing 99.1 percent of the United States population. With more than 600,000 users nationwide, First American CoreLogic products are used by businesses to improve customer acquisition and retention, detect and prevent fraud, improve mortgage transaction cycle time and cost efficiency, measure the value of residential and commercial properties, identify real estate trends and neighborhood characteristics, track market performance and increase market share. More information can be found on the Internet at www.facorelogic.com.
About The First American Corporation
The First American Corporation (NYSE: FAF) is a FORTUNE 500® company that traces its history to 1889. With revenues of $8.5 billion in 2006, it 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 First Advantage. More information about the company and an archive of its press releases can be found at www.firstam.com.