First American CoreLogic Announces London LoanPerformance Symposium
—March 13 Sessions Focus on United States Mortgage Risk Trends, Collateral Risk Analysis and Automated Valuation Models for the U.K.—
February 29, 2008, LONDON
First American CoreLogic, a member of The First American Corporation (NYSE:FAF) family of companies and a leader in residential mortgage data and analytics for the mortgage industry and Wall Street, today announced that its London LoanPerformance Symposium on emerging mortgage loan and collateral risk issues and trends will be held March 13, 2008, at The Westbury Mayfair Hotel.
Topics for the 2008 LoanPerformance Symposium include:
The U.S. Mortgage Market: Where do we go from here? Issuers, servicers and investors continue to be nervous about the risk profile of their loan portfolios. First American CoreLogic’s chief economist, Dr. Mark Fleming, will provide insight and perspective on current trends based on the latest loan and property data and research on delinquencies, defaults and loss severities, while highlighting specific areas of increased risk exposure.
Refinancing Out of Risk: The Impact on Originators, Issuers and Investors. As investors and issuers face the growing conundrum of credit risk exposure and pending legislative initiatives, what are the strategies to consider to mitigate risk? David Hurt, senior vice president for strategic account development at First American CoreLogic, will leverage his 30 years of experience as a trader, portfolio manager and industry advocate to offer new analytic solutions to risk mitigation and provide perspective, recommendations and an open forum for attendee comments.
Managing Mortgage and Real Estate Risk Through Loan and Property Analytics: The key to understanding the true underlying risk of today’s mortgage portfolios and investments is transparency at a granular level for each loan and its underlying collateral. Damien Weldon, vice president of collateral and prepayment analytics for First American CoreLogic, will demonstrate emerging breakthrough analytics that leverage new data sources of nontraditionally captured risk elements which can be transformed into end-to-end solutions. Attendees will learn more about these new data sources and how the synergy of real estate and loan-level data can create immediate, actionable arbitrage for originators, issuers and investors.
UK Collateral Risk Analytics: Managing Exposure to the Residential Property Market: Focusing on how real-time property-level data supports the market through the entire risk cycle, this session will offer insight into the practical tools that the pioneer of Automated Valuation Models (AVMs) in the UK offers to first and second charge lenders, brokers and surveyors. Mark Witherspoon, chief executive officer of UKValuation, Ltd., will showcase both current and in-development analytics designed to better determine true exposure to residential property risk in the UK.
The symposium will be held at The Westbury Mayfair Hotel, Bond Street, Mayfair, London, from 8:30 a.m. to 12 p.m. and will be preceded by registration and a complimentary breakfast buffet beginning at 8 a.m. A complete agenda and location details are available at www.loanperformance.com/events/symposiums/default.aspx. Attendees can register online by selecting the appropriate link for the London symposium. Note: No vendors or consultants can register without prior approval from First American CoreLogic. Questions regarding the 2008 First American CoreLogic LoanPerformance Symposium Series can be emailed to email@example.com or by calling David Shaw, vice president and regional manager, international at +44 20 8810 7079.
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, and CoreLogic, the leading provider of residential mortgage risk management and fraud protection technology and services. The combined company’s 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 about First American CoreLogic can be found 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 approximately $8.2 billion in 2007, 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.