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First American Business Unit Selects Response Analytics to Support Forward-Looking Business Strategy

Mortgage Innovator Responds to Market Opportunity by Adopting Optimization Technology

July 08, 2008 09:01 AM Eastern Time

SCOTTSDALE, Ariz.--(EON:Enhanced Online News)--Response Analytics, a leading provider of solutions for driving business growth in financial services institutions, announced today that First American Subordinate Lien Outsourcing (FASLO), a business unit within the Default Information Services Division of First American, Inc., has selected its distressed portfolio management (DPM) solution to support its forward-looking technology strategy. The selection of Response Analytics (RAI) is consistent with First American and FASLO’s long reputation as an innovator in using advanced technologies to deliver productivity and profitability.

An industry first, RAI’s DPM solution combines software and services and uses optimization-based technology to provide continuous portfolio valuations and optimal recovery rate recommendations matched to appropriate collection channels. By “adaptively” learning and therefore predicting how borrowers and portfolios will react to changing market and economic conditions, mortgage organizations can increase accuracy for valuations and cash flow forecasts as well as optimize workout recommendations, in order to rapidly adapt business strategy to the current business climate. The solution has value for mortgage originators, servicers, investors and bond insurers.

About First American

The First American Corporation (NYSE: FAF) is a FORTUNE 500^® company that traces its history to 1889. With revenues of approximately $8.5 billion in 2006, 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.

About Response Analytics

Response Analytics (RAI) is a leading provider of solutions for driving business growth in financial services institutions. RAI’s solutions for financial services institutions can be applied to solve a variety of business issues from pricing financial instruments for increased volume/profits to improving cash flow and reducing losses on subprime mortgage portfolios. In the case of solving today’s mortgage-related travails, RAI combines software and services to increase the recovery rate on distressed asset portfolios. The technology that underlies the business solution has been in development for years and uses best-in-class optimization science to produce significant gains. For more information, call 480.429.4480, email Info@ResponseAnalytics.com or visit us on the web at www.responseanalytics.com.