First American's Lenders Advantage Division Names Stephen P. Veltri Senior Vice President and COO


May 11, 2007, SANTA ANA, Calif.

First American Title Insurance Company announced today that its Lenders Advantage division has appointed Stephen P. Veltri to the newly created position of senior vice president and chief operating officer of the National Settlement Services Division. Veltri, who previously served as vice president for the Western region for The Talon Group, another division of First American Title, will assume responsibility for the performance and profitability of all operations contained within National Settlement Services, including the division’s national first mortgage group. 

“We are fortunate to have a person of Steve’s caliber on our management team,” said James J. Dufficy, executive director for Lenders Advantage. “The division will benefit tremendously from his full commitment to the ongoing success of Lenders Advantage. With the continued growth of Lenders Advantage, and the increasing complexity of the solutions demanded by our national customers, it is an ideal time to bring in a person of Steve’s experience and operational abilities to ensure that we continue to perform as the provider of choice in the highly competitive national mortgage settlement market.”

Veltri began his career with First American in 2002 as Western regional manager of The Talon Group. He comes to Lenders Advantage with 30 years of experience with providers of national title services. Before joining First American, Veltri held a variety of executive positions with major national title underwriters, including the post of executive vice president with one of First American’s competitors. He is also a past president of the California Land Title Association.  

Veltri holds a bachelor’s degree in finance from the University of Utah in Salt Lake City. He is a resident of Phoenix

About First American

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 Santa AnaCalif. Information about The First American Corporation’s subsidiaries and an archive of its press releases can be found on the Internet at www.firstam.com.

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