First American CoreLogic Announces REiSource®: A New Online Real Estate Information Portal
April 14, 2008, SANTA ANA, Calif.
First American CoreLogic, a member of The First American Corporation (NYSE: FAF) family of companies and America’s largest provider of advanced property and ownership information, analytics and services, today announced the release of REiSource®, a new Web-based real estate information gateway to the most complete and accurate suite of property profiles, new homeowner and refinance lists, resale trends, mortgage leads and custom reports for title insurance companies.
REiSource enables title companies to increase market penetration, streamline operational efficiencies, control costs and maximize their return on investment. The personalized, presentation-ready property reports offered through REiSource are powered by the First American CoreLogic U.S. residential real estate database which covers 97 percent of all real estate transactions in more than 3,000 counties in the United States.
“We are pleased to offer this innovative solution that recognizes title companies’ unique requirements and helps them compete more efficiently in a dynamic market,” said George Livermore, chief executive officer for First American CoreLogic. “The release of REiSource provides a high quality, online application for the title community to find, compile and present real estate information in an accurate and compelling format. REiSource provides the confidence that can only come from our industry-leading reputation in data analytics and information solutions.”
REiSource also includes easy-to-use administrative functions such as distributed, self-service account management, a reporting utility that assists with Real Estate Settlement Procedures Act (RESPA) and individual state department of insurance compliance requirements and an activity tracking capability that enables users to accurately evaluate the value REiSource provides. More information about REiSource can be found at www.reisource.com.
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, and LoanPerformance, the leading provider of mortgage performance data and analytics. The combined companies’ databases cover more than 3,000 counties, representing 99.1 percent of the United States population, over 50 million active mortgage loans and $2.2 trillion in loan-level mortgage securities. 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, increase market share, and manage all aspects of mortgage risk. More information can be found on the Internet at www.facorelogic.com or www.corelogic.com.
About First American
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.