First American CoreLogic Announces Mortgage Industry's Largest National Fraud Data Repository

First American CoreLogic Announces Mortgage Industry's Largest National Fraud
Data Repository
-- Encompasses 80 Million Loan Applications, Fraud Reports, Largest Property,
Securities and Servicing Databases --

SANTA ANA, Calif., Oct. 13 /PRNewswire-FirstCall/ -- First American CoreLogic,
a member of The First American Corporation (NYSE: FAF) family of companies and
America's largest provider of advanced property and ownership information,
analytics and services, today announced that it has built the mortgage
industry's most comprehensive national fraud data repository to help clients
combat all types of mortgage fraud and to further enhance the predictive
performance of its anti-fraud solutions.

The First American CoreLogic National Fraud Database is the largest central
repository of application and transaction data in the mortgage industry and
includes:
-- More than 80 million loan applications or 65 percent of all loan
applications annually
-- The largest aggregation of reported fraud data including contributions
from more than 35 lenders and investors with application and
performance
history dating back to 2005
-- The only collection of fraud information (including default,
foreclosure, charge-off and repurchase indicators) robust enough for
building precise pattern recognition scoring models
-- Daily contributions of application and lien information from 17
lenders
within First American's Multi-lien Closing Alert Program
-- The industry's leading title, lien release and payoff information to
aid
in detecting various types of first- and second-lien fraud
-- Comprehensive third-party information including loan information on
more
than 160,000 brokers, 135,000 appraisers, account executives, loan
officers and retail branches

-- Property and neighborhood-specific fraud and foreclosure data

The repository also incorporates the First American Property Data Repository;
the LoanPerformance(TM) TrueStandings® Securities and Servicing databases,
which house 97 percent and 80 percent coverage of active non-agency mortgage
securities and all active first-lien mortgages, respectively; the Mortgage
Electronic Registration Systems (MERS) registry and price trends and
foreclosure data.

"The best scoring and analytic products stem from and rely upon robust data
assets," said Tim Grace, senior vice president of Fraud Analytics at First
American CoreLogic. "Our new National Fraud Repository enables our clients to
have access to fraud-identifying data and analytics, new and innovative
scoring products, and comprehensive fraud and risk alerts, making their
internal safeguards more effective. As the number of participants and
reporting companies grow, it will make fraud risk more transparent and make it
harder for perpetrators to carry out fraudulent activity. Our goal is to help
our customers reduce the occurrence of fraud schemes such as shot-gunning,
loan stacking, undisclosed debt, short-sale fraud, falsification of lien
releases, flipping and house stealing."

As an example of how shared information, better communication and industry
cooperation can stop fraud, Grace pointed to First American's Multi-Lien
Closing Alert Program. This two-year old program, which includes eight of the
nation's 10 largest home equity lenders, has already saved the industry more
than $200 million in fraud losses and significantly reduced the occurrences of
"shot-gunning fraud" for program participants.

For more information about the National Fraud Repository, please visit
www.facorelogic.com/2X

About First American CoreLogic
First American CoreLogic, a member of The First American Corporation
(NYSE:FAF) family of companies, is the largest provider in the U.S. of real
estate, property, ownership, fraud, mortgage and mortgage securities data--and
the advanced analytics that use them--for the assessment of real estate sales,
collateral valuation, home price trends, mortgage originations, mortgage- and
asset-based securities pricing, foreclosures, delinquencies and asset
dispositions. Our market-specific data covers 98 percent of all U.S. ZIP codes
and 3,059 counties in all 50 states and the District of Columbia, representing
99 percent of the U.S. population, 97 percent of all properties (140 million),
more than 50 million active mortgages and 96 percent of loan-level, non-agency
mortgage securities. First American CoreLogic's products and services enable
customers to manage credit and mortgage risk, protect against fraud, acquire
and retain customers, mitigate loss, decrease mortgage-transaction cycle
times, value properties accurately, determine real estate trends and project
future market performance. For more information about First American
CoreLogic, please visit www.facorelogic.com.http:///.

About First American
The First American Corporation (NYSE: FAF) is a FORTUNE 500(®) company that
traces its history to 1889. With revenues of approximately $6.2 billion in
2008, it is America's largest provider of business information. 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 five primary business
segments, including: Title Insurance and Services, Specialty Insurance,
Information and Outsourcing Solutions, Data and Analytic Solutions, and Risk
Mitigation and Business Solutions. More information about the company and an
archive of its press releases can be found at www.firstam.com.

Media Contact: Investor Contact:
Carrie Gaska Mark Seaton
Corporate Communications Investor Relations
The First American Corporation The First American Corporation
(714) 250-3298 cgaska@firstam.com (714) 250-4264 mseaton@firstam.com

SOURCE The First American Corporation

Media, Carrie Gaska, Corporate Communications, +1-714-250-3298,
cgaska@firstam.com, or Investors, Mark Seaton, Investor Relations,
+1-714-250-4264, mseaton@firstam.com, both of The First American Corporation