The First American Corporation (NYSE:FAF) 1 First American Way Santa Ana, CA 92707-5913 Phone: (714) 250-3000 Fax: (714) 541-6372 http://www.firstam.com
First American Corp was founded in 1894 as Orange County Title Company, succeeding to the business of two title abstract companies founded in 1889 and operating in Orange County, California. In 1924, the Company began issuing title insurance policies. In 1986, the Company began a diversification program which involved the acquisition and development of business information companies closely related to the real estate transfer and closing process. The First American, through its subsidiaries, is engaged in the business of providing business information and related products and services. The Company has five reporting segments that fall within two primary business groups, financial services and information solutions. The financial services group includes its title insurance and services segment and its specialty insurance segment. The title insurance and services segment issues residential and commercial title insurance policies and provides related escrow services, accommodates tax-deferred exchanges and provides investment advisory services, trust services, lending and deposit products and other related products and services. The specialty insurance segment issues property and casualty insurance policies and sells home warranty products. The First American's information and outsourcing solutions, data and analytic solutions and risk mitigation and business solutions segments comprise its information solutions group. The information and outsourcing solutions segment focuses on providing a wide-range of products and services including tax monitoring, flood zone certification and monitoring, building and maintaining geospatial proprietary software and databases, default management services, loan administration and production services, business process outsourcing and asset valuation and management services. The data and analytic solutions segment provides licenses and analyzes data relating to mortgage securities and loans and real property, offers risk management and collateral assessment analytics and provides database access tools and automated appraisal services. The risk mitigation and business solutions segment, which is comprised entirely of the Company's publicly traded First Advantage Corporation subsidiary, provides consumer credit reporting solutions for mortgage and home equity needs, transportation credit reporting, motor vehicle record reporting, criminal records reselling, specialty finance credit reporting, consumer credit reporting, lead generation services, consolidated consumer credit reports and automotive lead development services for the automotive dealer marketplace, Employment background screening, hiring management solutions, occupational health services, tax incentive services, payroll and human resource management, resident screening services, property management software, renters' insurance services, computer forensics, electronic discovery, data recovery, due diligence reporting and corporate and litigation investigative services. The First American markets its title insurance services to a range of customers. The Company provides its sales personnel with training in selling techniques, and each branch manager is responsible for hiring the sales staff and ensuring that sales personnel under his or her supervision are properly trained. The First American also maintains a client relations group to coordinate sales to institutional customers, such as lenders, mortgage servicers, foreclosure outsourcing providers and investors. Generally, in areas of real estate activity, such as metropolitan and suburban localities, the Company competes with many other title insurers. The First American's property and casualty business is subject to regulation by state insurance regulators in the states in which these companies transact business.
BUYandHOLD does not offer or provide any investment advice
or opinion regarding the nature, potential, value, suitability
or profitability of any particular security, portfolio of
securities, transaction or investment strategy. Any investment
decisions you make will be based solely on your evaluation
of your financial circumstances, investment objectives, risk
tolerance, and liquidity needs. The security and information
listed above and is being provided for informational purposes
only and should not be regarded as an offer to sell or as
a solicitation of an offer to buy and past performance is
no guarantee of future results.
The BUYandHOLD
website contains links to third-party websites on the Internet.
BUYandHOLD provides these links to these websites only as
a convenience to users of the website. Links on the BUYandHOLD
website are not endorsements by BUYandHOLD or Freedom Investments,
implied or express, of the linked sites or any products, services
or links in such sites; and no information in such sites has
been endorsed or approved by BUYandHOLD. Linked sites are
not under the control of BUYandHOLD or Freedom Investments,
and we are not responsible for the contents of any linked
site or any link contained in a linked site. No information
contained in the BUYandHOLD website or accessed through any
linked site, or any link contained in a linked site, constitutes
a recommendation by BUYandHOLD or Freedom Investments to buy,
sell or hold any security, financial product or instrument.
Information accessed through linked sites is not, nor should
be construed as, an offer or a solicitation of an offer, to
buy or sell securities by BUYandHOLD or Freedom Investments.
BUYandHOLD does not offer or provide any investment advice
or opinion regarding the nature, potential, value, suitability
or profitability of any particular security, portfolio of
securities, transaction or investment strategy, and any investment
decisions you make will be based solely on your evaluation
of your financial circumstances, investment objectives, risk
tolerance, and liquidity needs.
