First American Outsourcing and Technology Soutions Announces Dates for Default Technology Conference

—Will Host Annual Event Oct. 21-23, 2009 in Lake Buena Vista, Fla. —


September 9, 2009, DALLAS

First American Outsourcing and Technology Solutions, a member of The First American Corporation (NYSE:FAF) family of companies and a leader in host-system technology for the mortgage industry, announced today that it will hold its annual client conference from Oct. 21-23, 2009 at the Disney Contemporary Resort in Lake Buena Vista, Fla.

The conference will cover issues related to all aspects of default servicing and focus on solutions designed to help lenders and servicers in their ongoing home retention strategies.  Industry experts, as well as First American technology and product specialists, will participate in thought-provoking panel discussions on the mortgage industry’s toughest challenges.

Conference sessions and panels will focus on the latest technology, advanced analytics and workflow solutions to help lenders and servicers streamline their processes and achieve better results in their loss mitigation and borrower retention efforts. Session topics include:

  • Loss mitigation technology and trends
  • Technology solutions for real estate owned (REO) Servicing
  • Business process automation
  • Automated vendor management solutions
  • Default claim solutions

In addition to the sessions and panels, this year’s conference will feature a new Solutions Expo to provide attendees with a venue to explore an array of integrated First American products and services. Solution specialists will be on hand to answer questions and consult with attendees on a wide range of products and solutions for servicing, default prevention and loss mitigation.  

“Servicers are facing enormous challenges in both their subprime and prime portfolios as well as intense regulatory scrutiny,” said Scott Brinkley, senior vice president for First American’s Outsourcing and Technology Solutions division.  “Our technology is playing a key role in working through the current market situation. Our solutions help servicers develop sustainable programs to modify loans, prevent default and provide the most appropriate resolution for distressed borrowers.”
 


About First American
The First American Corporation (NYSE: FAF) is a FORTUNE 500® company that traces its history to 1889. With revenues of approximately $6.2 billion in 2008, 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.

 

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