Return
to Press Releases
LOS ANGELES AREA MULTIPLE LISTING SERVICE ADOPTS FIRST AMERICAN TRANSACTION
MANAGEMENT PLATFORM
—Common Real Estate Management Technology Now Available to More
Than 11,600 Southern California Real Estate Professionals—
SANTA ANA, Calif.,
Feb. 23, 2005 – First American Residential Group, Inc., a
member of The First American Corporation (NYSE: FAF) family of companies,
today announced
that it has entered into an agreement to provide Transaction Manager, its
online real estate transaction management platform, to the Combined
L.A./Westside Multiple Listing Service, Inc. (The MLS™/CLAW). The
agreement provides for the deployment of a dynamic transaction management
system to the 11,000
members of The MLS/CLAW, including the Beverly Hills/Greater Los Angeles
Association of Realtors®, the Southwest
Los Angeles Board of Realtors® and
the Malibu Association of Realtors®.
Transaction Manager will integrate
with The MLS/CLAW’s proprietary multiple listing service (MLS) platform,
demonstrating First American’s ability to provide transaction management
technology that integrates with a multitude of solutions. The regional
implementation of Transaction Manager is the first-of-its-kind in Southern
California, and
will enable the entire The MLS/CLAW membership to use a common platform
to manage transaction checklists and documents, as well as order products
and
services.
“We selected First American over the competition for many
reasons,” said Annie Ives, chief executive officer of The MLS/CLAW. “The
fact that Transaction Manager can integrate with our own custom-developed
solution demonstrates the flexibility of their system. The integration
of our two systems will enable higher levels of efficiency, significant
closing
time reduction and, most importantly, superior customer service for
our membership base.”
Transaction Manager provides an integrated set
of tools that supports real estate professionals throughout all phases
of the real estate
transaction, from listing to closing. A proven, fourth-generation
platform, Transaction Manager is an easily configurable system offered through
MLS
and broker distribution channels. In addition to offering configurable
solutions specific to each constituent, this mature, open application
provides access
to a variety of settlement vendors integral to the real estate transaction,
a common data repository, private branding and role-based security
throughout. Transaction Manager will be adapted to meet the specific needs
of The MLS/CLAW’s
membership base.
“The MLS/CLAW is among the several major MLSs and/or associations in the
nation to license our platform for regional deployment across all members,” said
Stephen C. Roney, president and chief executive officer of First
American Residential Group. “This move by The MLS/CLAW and the serious
interest of other major real estate organizations validates the maturing business
model surrounding the regional deployments of our platform. Transaction
management
is becoming a more commonly considered and adopted solution, and
we are pleased that The MLS/CLAW has selected Transaction Manager to serve the
thousands
of subscribers on their system.”
The addition of The MLS/CLAW membership
base increases the number of currently registered users on the
Transaction Manager platform to nearly 80,000, positioning First American as
a national
leading provider of transaction management technology. For more
information about Transaction Manager and the other products and services First
American
offers to the real estate industry, visit www.firstam.com/residential.
About First American Residential Group
First American Residential Group provides
service, product solutions, outsourcing and technology to members
of the
real estate and relocation industries. The company offers integrated
solutions to real estate brokers and agents, and the associations and MLSs
that serve
them. First American Residential Group systems streamline the listing,
financing and closing processes and lead to increased efficiency and profitability.
Additionally, First American Residential Group is responsible for
MarketLinx,
the nation’s leading provider of MLS services; and Relocation Advantage,
a leading provider of closing management services to relocation companies.
First American Residential Group’s product, outsourcing and technology
solutions have been built specifically to meet today’s real estate
management needs. For more information, visit: www.firstam.com/residential.
About The First American Corporation
The First American Corporation (NYSE:
FAF) is a Fortune 500 company that traces its history to 1889.
As the nation’s
largest data provider, the company supplies businesses and consumers with
information resources in connection with the major economic events of people’s
lives, such as getting a job; renting an apartment; buying a car,
house, boat or airplane; securing a mortgage; opening or buying
a business; and
planning for retirement. The First American Family of Companies,
many of which command leading market share positions in their respective
industries,
operate within six primary business segments including: Title Insurance
and Services, Specialty Insurance, Mortgage Information, Property
Information,
Credit Information and Screening Information. With revenues of
$6.72 billion in 2004, First American has 30,000 employees in approximately
1,800 offices
throughout the United States and abroad. More information about
the company and an archive of its press releases can be found at
www.firstam.com.
Contact:
David Schulz
Corporate Communications
The First American Corporation
714.800.3298
dschulz@firstam.com
# # #
Return to Press Releases
|
