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FIRST AMERICAN AND LONE WOLF
REAL ESTATE TECHNOLOGIES ANNOUNCE STRATEGIC PARTNERSHIP
—Lone Wolf Realty
Management System Now Integrated With First American’s Transaction
Manager—
SANTA ANA, Calif., July 28, 2005 – First American Residential Group,
Inc., a member of The First American Corporation (NYSE: FAF) family of
companies, today announced a strategic partnership with Lone Wolf Real Estate
Technologies to deliver an industry-leading, integrated real estate transaction
management solution for their joint customers. Through the integration of First
American’s
transaction management platform and Lone Wolf’s broker accounting and
administrative system, customers will now have the ability to seamlessly transfer
transaction data electronically from First American’s Transaction Manager
into the Lone Wolf Realty Management System.
"We are impressed with First
American’s transaction management system and we believe that they are
on the right track with the products with which they currently interface,"
said Lorne C. Wallace, president, Lone Wolf Real Estate Technologies. “Adding
our back office system into the flow is going to complete a puzzle that has
challenged the industry for years and will help to streamline the administrative
functions in a real estate brokerage.”
The Lone Wolf Realty Management
System is a complete back-office management platform that brings together
all facets of a real estate company’s administration and accounting
functions together into a single, fully integrated, real-time system. Used
by real estate
companies in more than 2,100 offices across North America, the Lone Wolf
software generates listings and transactions, closings and commission checks,
accounts
payable and agent billing, month-end reporting, financial statements and
more. The ability to easily transfer data between First American’s
Transaction Manager and the Realty Management System helps customers automate
manual tasks
and increase their efficiency, thus mitigating the risk of data-entry errors
and moving the industry one step closer toward single point entry.
“First
American continuously searches for new and improved ways of increasing productivity
for real estate professionals,” said Stephen C. Roney, president and
chief executive officer of First American Residential Group. “By partnering
with Lone Wolf and integrating Transaction Manager with their Realty Management
System, we are able to offer real estate professionals a means of simplifying
processes that saves time and money. This is a great solution for our joint
customers.”
First American’s 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
multiple listing service (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 vendors integral to the real
estate transaction, a common data repository, private branding and role-based
security throughout. There are currently more than 80,000 registered users
on the Transaction Manager platform.
About Lone Wolf Real Estate Technologies
Founded in 1989, Lone Wolf provides a fully integrated real estate brokerage
administration and accounting system that is used in over 2,100 offices across
North America. Lone Wolf has over 40 employees, with head offices in Cambridge,
Ontario, Canada, as well as branch locations in Los Angeles, Tulsa, Denver,
Edmonton and Toronto. More information about the company can be found at www.lwolf.com.
About The First American Corporation
The First American Corporation (NYSE: FAF), a Fortune 500 company that traces
its history to 1889, is the nation’s largest data provider. 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 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 approximately
2,000 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.
For more information click here.
Contact:
David Schulz
Corporate Communications
The First American Corporation
714.800.3298
dschulz@firstam.com
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