Items Tagged with 'The First American Corp'

ARTICLES

  • Price Gains Don't Signal Bottom: First American

    The year-over-year housing price decline decelerated to its lowest level of the year in June, but that doesn’t mean housing is about to hit bottom, according to officials at First American CoreLogic, a division of The First American Corp [stock FAF][/stock]. National housing prices decreased 7.8% in June 2009 compared to June 2008, according to First American’s Loan Performance Home Price Index (HPI).
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  • FirstAm Launches Flood Risk Management Site

    First American Flood Data Services launched FAFlood.com, a Web site geared to provide lenders with current flood information, products and services. The site, provided through a member of The First American Corp. [stock FAF][/stock], introduces streamlined navigation, event schedules, legislative updates and forthcoming map revisions to keep lenders up-to-date on developments within the flood risk management industry.
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  • First American Launches REO Monitor

    Be it in the past or present, residential property valuation provider First American Valuation and Property Solutions, a member of The First American Corporation [stock FAF][/stock] said Monday that it is offering the ability to track REO listing activity on a national level. The firm's Property Listing Verification report confirms and tracks real estate owned (REO) listing activity of any individual property to aid with marketing, fraud prevention, due diligence and portfolio valuation.
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  • First American CoreLogic Acquires BasePoint Analytics

    First American CoreLogic, a subsidiary of real estate services conglomerate The First American Corporation [stock FAF][/stock], said Wednesday morning that it has acquired BasePoint Analytics, LLC, a well-known provider of predictive analytic fraud and risk management solutions for the mortgage and global banking industries.
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  • Genpact Moves into Loan Mod Outsourcing

    (Update 1: corrects number of employees at the firm) Perhaps the most enduring aspect of the nation's mortgage crisis thus far is this: it is bringing together two usually separate sides of the mortgage banking industry, in originations and default management. Long separated by both process and staffing, we're seeing many origination specialists -- whether technology, process, consulting, document management, or otherwise -- make the move into the default space as the drumbeat of loan modifications continues to grow ever-louder.
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  • First American Posts Q1 Return to Profit

    Business information provider The First American Corp. [stock FAF][/stock] posted $36m in net quarterly profit -- or 38 cents per share -- for Q109 from $29.3m in the year-ago period. The quarter's return to profit compares with $67m in net losses posted in Q408. "The company benefited from a surge in origination and default-related transaction activity, as well as continued expense reductions," says chair and CEO Parker Kennedy in the earnings statement.
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  • First American Posts $67 Million Loss

    The First American Corp. [stock FAF][/stock] on Thursday reported a $66.9 million -- or 72 cents per share -- net loss in the fourth quarter, driven by $50.7 million in increased reserves, $13.7 million in intangible asset impairments and $11.3 million in employee separation and other restructuring costs. This compares with an $8.3 million net loss posted in the third quarter. The Santa Ana, Calif.-based title insurer and real estate information services giant posted a $26.3 million net loss for all of 2008, up dramatically from the $3.1 million net loss in 2007.
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  • First American Sub Rolls Out ARM Analytics Platform

    First American Outsourcing and Technology Solutions, a member of The First American Corporation [stock FAF][/stock], said Monday that a new auditing solution designed to reduce the cost and risk of servicing, acquiring and selling ARM portfolios has been rolled out. The platform, in development for the past few months, identifies data issues with existing ARM portfolios, and can “scrub” loan-pool acquisitions during the transfer and boarding process or as pre-sale due diligence.
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  • Tech Roundup: First Am Launches Post-Settlement Platform

    First American Document Solutions, a Santa Ana, Calif.-based post-closing and servicing solution provider within The First American Corp. [stock FAF][/stock] family, unveiled in mid-December its new online platform, ePostClosing.com, which will enable lenders and servicers to handle document retrieval, trailing document, lien release and assignment tasks in a streamlined, Internet-based system. The platform will also provide customers with a large property database, including more than 4 billion imaged records and a wide field of industry researchers.
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  • Partnership Aims to Make Foreclosure Shopping a Breeze for Investors

    First American CoreLogic, a member of The First American Corp. [stock FAF][/stock] family and a provider of property and ownership information, analytics and services, announced Tuesday it had entered a partnership with start-up real estate search engine Roost Inc. The partnership will offer real estate investors quick access to information on more than 1.5 million foreclosed homes, both companies said in a statement.
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