First American Real Estate Tax Service Announces New Web Portal That Streamlines Access to Tax Data
—New Reporting Capabilities and Expanded Access to Tax Information Offer Centralized View into Largest Property Tax Database in the Industry—
October 15, 2007, DALLAS
First American Real Estate Tax Service, a member of The First American Corporation (NYSE:FAF) family of companies, announced today the launch of its new Web-based data solutions portal that provides a streamlined interface and enhanced reporting capabilities for originators, lenders and investors conducting tax-related activities and research.
The data solutions portal serves as a centralized point of access into First American’s extensive 130 million parcel property tax database, which is the largest in the industry. The portal offers clients the ability to secure data that can be used for preparing accurate good faith estimates and HUD-1 settlement statements.
“This new portal offers our clients a rich, interactive interface for accessing nationwide property tax data,” said Lucy Przybyla, president of First American’s Escrow Servicing Products group. “By aggregating this data on a nationwide basis from more than 21,000 taxing agencies, we provide the end user with a powerful tool that allows them to search, report on and analyze property tax data.”
This new offering provides originators, mortgage servicers, investors and consumers with a faster, more accurate method for securing tax data. The simplified format is expected to result in higher borrower satisfaction levels and greater efficiency for First American clients.
The portal places critical portfolio review tools in clients’ hands and allows them to more accurately identify and measure risk resulting from tax delinquency. With features such as layout personalization, configurable display elements and a powerful reporting engine, users will have access to the most relevant tax data elements.
“The portal offers an expeditious, simplified method for completing property tax research,” Przybyla added. “We are excited about the potential gains in productivity and borrower satisfaction we expect our clients to achieve as they integrate this service into their business operations.”
First American Real Estate Tax Service services more than 28 million loans annually for thousands of lenders and offers services ranging from tax data to full outsourcing of traditional tax department functions. For more information please contact Kim Gawronski at (888) 869-8170, ext. 277.
About First American
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 First Advantage. With revenues of $8.5 billion in 2006, First American has approximately 2,100 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.