First American CoreLogic Awarded General Services Adminstration (GSA) Certification
—Agencies Now Able to Rapidly Purchase and Deploy Property-level Information and Analytics —
May 19, 2008, SANTA ANA, Calif.
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 it has been awarded a Federal Supply Schedule Contract by the General Services Administration (GSA), allowing the company to offer its industry-leading real property information services and analytics for direct sale to federal government organizations.
A Federal Supply Schedule Contract is the premier acquisition source for federal agencies that are looking to simplify and streamline the government procurement process. The contract allows customers in the public sector to acquire a vast array of mission-critical products and services at pre-negotiated rates that have been certified by the GSA as being the “most favorable.” Under the Financial and Business Solutions (Schedule 520-16), First American CoreLogic (Contract # GS-23F-0020U) will be able to offer customers access to comprehensive real property information solutions that are powered by the nation’s largest database of property, mortgage and ownership information.
“The government market has been, and will continue to be, a priority for us,” said George Livermore, president of First American CoreLogic, Inc. “While many agencies already trust us to deliver critical information and analytics, completing the certification process provides these agencies with optimal convenience, shorter lead-times and competitive pricing.”
More information regarding First American CoreLogic’s GSA certification, including the current fee schedule, product catalog and contacts for sales and client services, can be found at www.facorelogic.com/gsa.
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, and the acquisition of 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, data on over 43 million active mortgages and over $2 trillion in loan-level non-agency mortgage securities. With more than 600,000 users nationwide, First American CoreLogic products are used by businesses to improve customer acquisition and retention, better manage credit risk, loss mitigation, securitization and investment, 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 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, Information and Outsourcing Solutions, Data and Analytic Solutions, and Risk Mitigation and Business Solutions. More information about the company and an archive of its press releases can be found at www.firstam.com.