First American Title Insurance Company Expands Operations in People's Republic of China
—As China Passes Private Property Law, First American Offers Expanded Escrow and Settlement Services—
May 7, 2007, SANTA ANA, Calif.
First American Title Insurance Company’s International Division today announced the establishment of First Title (
First American has appointed Jinqiang Shi (Gene Shi) as managing director and president of the new company, which provides banks, real estate professionals, developers and others with the Chinese version of escrow products and services necessary to bring peace of mind to local real estate practitioners, as well as home buyers and sellers.
“With an estimated 80,000 resale transactions taking place in Beijing in 2006, we are well positioned to help better communicate both the value of homeownership and the steps necessary to attain it to the prospective local homebuyers,” said Tony Lee, vice president of Asian operations for First American Title Insurance Company. “We will work in conjunction with local real estate professionals to make homeownership a reality for the local community and help them achieve the Chinese version of the American dream,”
In addition to a comprehensive presence across the United States, First American Title Insurance Company has pioneered operations in more than a dozen countries, including
About First American Title Insurance Company
First American Title Insurance Company, the largest subsidiary of The First American Corporation (NYSE: FAF), traces its history to 1889. One of the largest title insurers in the nation, the company offers title services through more than 1,800 offices and an extensive network of agents throughout the United States and abroad. The company has its headquarters in