First American title opens Clear2Go® Automated Title Decision Engine for title agents | business

SANTA ANA, Calif .– (BUSINESS WIRE) – Nov. August 2021–

First American title insurance company , a leading provider of title insurance and settlement services and the largest subsidiary of First American Financial Corporation (NYSE: FAF), today announced that its Clear2Go ® automated title decision engine is now available to title agents trading with First American Underwriting . Clear2Go is based on the cutting-edge technology behind First American Title’s in-house automated title production, which has processed more than 1 million residential real estate refinancing and home equity transactions.

In today’s hectic housing market, title agents face significant capacity challenges and the demand for faster turnaround times on title commitments, coupled with an ongoing focus on reducing costs, increasing accuracy and improving customer service. With Clear2Go, title agents can deliver title commitments on the same day for eligible refinancing or home equity transactions. Clear2Go-sponsored title commitments are backed by First American’s underwriting rules and verified against the industry’s largest and most comprehensive collection of property and title data resources, giving you added assurance that title commitments meet First American quality standards. Unlike other solutions, Clear2Go is designed to meet applicable state-level title plant requirements by taking title plant data from First American’s unmatched title plant coverage.

“Clear2Go is yet another example of First American’s commitment as a leader in the digital transformation of the title and billing industry,” said Evan M. Zanic, president of the Agency Division, First American Title. “Our cover agent customers can benefit from proven technology that powers our own cover production and helps them cut costs, increase efficiency and improve their customers’ experience.”

Clear2Go automates title search, document collection, and title review, and enables a title agent’s production staff to quickly create a title commitment for an eligible home refinance or home equity financing transaction. Several pilot tests with First American title agents have confirmed Clear2Go’s ability to accelerate the title production process while reducing costs and improving customer service. Clear2Go can also help title agents improve the efficiency of their title production workflow and their staff by segmenting title orders by complexity so that title agents can route title orders to the appropriate staff.

To learn more about Clear2Go or to request an account, visit www.firstam.com/clear2go. For more information on the First American Title, please visit www.firstam.com/title.

About First American Title Insurance Company

First American Title Insurance Company, the largest subsidiary of First American Financial Corporation (NYSE: FAF), dates back to 1889. As one of the largest title insurers in the country, the company provides title services through its direct operations and an extensive network of agents in the United States and abroad. First American Title provides comprehensive legal protection and professional services for home purchases, construction, refinancing and equity loans. Visit www.firstam.com/title for more information.

About First American

First American Financial Company (NYSE: FAF) is a leading provider of title insurance, settlement services and risk solutions for real estate transactions, with a legacy dating back to 1889. First American also offers title management services; Titles and other real estate records and images; Evaluation products and services; Home warranty products; Banking, fiduciary and asset management services; and other related products and services. With total sales of $ 7.1 billion in 2020, the company offers its products and services directly and through its agents in the United States and abroad. In 2021, First American became the wealth List of the 100 Best Employers ® for the sixth year in a row. You can find more information about the company at www.firstam.com.

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CONTACT: Media contact:

Marcus Ginnaty

Corporate communication

First American finance company

(714) 250-3298 Investor contact:

Craig Barberio

Investor Relations

First American finance company

(714) 250-5214

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES RESIDENTIAL CONSTRUCTION & REAL ESTATE COMMERCIAL CONSTRUCTION & REAL ESTATE & PROPERTY INSURANCE

SOURCE: First American title insurance company

Copyright Business Wire 2021.

PUB: 09/08/2021 06:45 am / DISC: 09/08/2021 06:47 am

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