FirstAm.com offers banking and investment management services
The First American Corporation
History
1889 – Orange County, California splits from the county of Los Angeles. Two firms come up to handle issues relating to titles in the new county.
1894 – C.E. Parker succeeds in merging the two companies into one company. The company is named Orange County Title Company, with C.E. Parker as its president. The company is the parent company of current day’s First American Title Insurance Company, the largest division of the First American Corporation. During its early years it had a modest but steady growth though earning a reputation of being diligent, thorough and friendly.
1924 – The company achieves the distinction of becoming the first abstract companies in California to be eligible to issue policies of title insurance.
1948 – Donald P. Kennedy, the grandson of C.E. Parker joins the company and feels the need to expand its business.
1957 – Board of directors approves expansion plan to become a giant in the Southern California Market.
1963 – D.P. Kennedy is named president of the company, by this time the company also changed its name to First American and doing business in 4 states.
1964 – Issues first public offer
1966 – Company is restructured into a general holding company called The First American Financial Corporation.
1982 – First American Title now has presence in every region of the nation.
1988 – Enters Canadian Market
1993 – Company debuts on NYSE on December 3
2000 – The company gets its current name The First American Corporation in May Present Day – The Company now serves in more than 70 countries. The company since 1984 has acquired several companies, which include a home warranty company, a real estate tax service, a credit reporting company and a flood certification company.
Products and Services
1. Title & Settlement
- Residential – The residential service aims to reduce servicing costs and increase efficiency of mortgage lenders.
- Commercial - Title & Settlement
- International Services – Supports transactions in countries around the world
- Transportation – Aircraft title insurance, vessel owners, used cars etc.
- National Homebuilder Services
- National Default Title Services - Helps avoid foreclosure and minimize costs if a foreclosure is unavoidable.
- Trends & Marketshare – This is aimed at providing access to data like price trends, mortgage and mortgage financing information, property purchase behavior, analysis of property and ownership patterns.
- Documents – Enables availability of important real estate documents, online retrieval of documents.
- Eagle 9 UCC Divisions
- Relocation Advantage – Provides international title and closing services to corporations and relocation management companies.
- National Agency Division – Provides complete title and settlement services to multi-state customers
- Vacation Ownership Services – Provides title insurance policies for deeded and non-deeded timeshares
- 1031 Tax Deferred Exchange - First American provides qualified, intermediary services for the deferral of capital gains on the transfer of investment real estate, personal property, aircraft and vessels using a delayed, reverse or build to suit exchange.
2. Mortgage Services
- Mortgage Origination – Offers services from credit check to closing to residential and business customers.
- Mortgage Servicing - Flexible technology and life-of-loan solutions tailored specifically for mortgage providers
- Default Management – Provides services like delinquency monitoring, loss mitigation, field services, claims processing, fraud and loan quality etc.
- Offshore Services - First American provides U.S.-based mortgage companies and related back office processing companies’ opportunities to move part/all of their processing from U.S.-based platform to an internationally based platform
3. Appraisals and Valuations – This segment covers property appraisals, property valuations, property disclosures, area information, collateral risk management, comparables and recent sales, disaster assessment etc.
4. Screening and Risk Management – Provides credit reports, employer services like recruiting, hiring management, employee screening, fraud and loan quality to reduce risk in loan default, investigative services, litigation consultation services, mortgage services, tax consulting services, transportation services and bankruptcy attorney services.
5. Property and Ownership Information – Services in this segment includes area Information, commercial property services, comparables and recent sales, area maps, aerials surveys, lists and document services
How big are they?
The company is the largest provider of information to businesses and individuals. The company has more than 2,100 offices and 39,000 full time employees. The company ranks 284 in the list of Fortune 500 Companies for 2006. The company had revenues of approximately $8 billion and profit of $485 million in the year 2006. The asset base of the company was $7.6 billion and market value of $3.86 billion as of March 17, 2007.
About the Website
The company has a very informative and consumer friendly website. The website provides information about what they do, their products and their areas of service. Each area of their service is elaborately explained leaving no doubts even to a layman. The website also has information for investors like stock quotes, stock charts, historical data, investment calculator, presentations, fact sheets, annual reports, news releases etc. The website doesn’t provide any online services like online ordering of their products or services. But overall the websites provides everything that a visitor is looking for in their website.
Website Rank
The website has a traffic rank of 94,522 constituting 0.0013% of total internet traffic. Most visitors go to their homepage, while home warranty and their premier tools section are the next most browsed pages.
Address
- Corporate Headquarters:
- The First American Corporation
- 1 First American Way
- Santa Ana, California 92707
Contact
- First American Corp
- Toll Free: 800.854.3643
- Local: 714.250.3000
Languages
English
Address
- 9E First American Way
- Santa Ana CA 92707 US
Related Domains
External Links
- Stock: FAF
- Alexa: FirStam.com
- WHOIS for FirStam.com
