Return to Press Releases

DAYTON AREA BOARD OF REALTOR® ADOPTS FIRST AMERICAN’S TRANSACTION MANAGER
—More than 100,000 Registered Users Now Using First American’s Industry Leading Real Estate Transaction Management Technology Nationally —

SANTA ANA, Calif., Jan. 23, 2006 – First American Residential Group, Inc., a member of The First American Corporation (NYSE: FAF) family of companies, announced today that it has entered into an agreement to provide Transaction Manager, its online real estate transaction management platform, to the Dayton Area Board of REALTORS (DABR). DABR members located in the Ohio counties of Warren, Montgomery, Greene and Preble will now have access to this state-of-the-art technology that streamlines all phases of a property transaction from listing to closing.

            DABR is the fifth multiple listing service (MLS) provider or association in the nation to license Transaction Manager for regional deployment to all its members. Transaction Manager will integrate with DABR’s Web-based MLS platform, enabling the entire membership base to use a common platform to manage transaction checklists and documents, as well as order products and services. Additionally, members can auto-populate public record data into a Transaction Manager transaction through the current Realist® interface with DABR’s MLS system.

            “Transaction Manager is a comprehensive and flexible solution that perfectly meets the needs of our members,” said Mark E. Dougherty, association executive for DABR.  “It is important that our members have the ability to use a single platform to allow for cooperative efforts on each transaction. First American’s ability to integrate Transaction Manager with our MLS system enables our members to quickly and efficiently manage real estate transactions, provide greater service to clients and reduce expenses and time to closing.”           

            Offered through MLS and broker distribution channels, Transaction Manager is easily configured to the business of each constituent.  It is a mature, open application that provides access to a variety of settlement vendors integral to the real estate process and offers a common data repository, private branding and role-based security throughout. Transaction Manager will be adapted to meet the specific needs of DABR’s membership base.

            “First American Residential Group’s goal is to provide integrated MLS solutions and related information directly to the desktops of real estate brokers and agents,” said Stephen C. Roney, president and chief executive officer of First American Residential Group.  “Transaction Manager enables true online collaboration between all parties in the transaction: real estate professionals, homebuyers, lenders, settlement service firms and others.  This increased adoption of this product further illustrates the desire by all involved for better communication and faster, more efficient closings.”

            Since 2005, the number of registered users of Transaction Manager has increased to more than 100,000, positioning First American as a national, leading provider of real estate transaction management technology. For more information about Transaction Manager and the other products and services First American offers to the real estate industry, please visit www.residential.firstam.com.

About First American Residential Group
            First American Residential Group is a subsidiary business line established by The First American Corporation in 2002 to address the real estate brokerage, MLS and relocation market segments with the full array of First American capabilities.  Its systems streamline real estate listing, financing and closing processes, resulting in increased efficiency and profitability. First American Residential Group operating units include First American MLS Solutions, the nation’s leading provider of MLS systems and real estate software in North America; and Relocation Advantage and Certified Closing Network, leading providers of closing management services to relocation companies.  For more information, visit: www.residential.firstam.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.

 # # #

Return to Press Releases