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Industry News

First American Real Estate Solutions Launches RealQuest(R).com For Lenders and Appraisers

January 23, 2002

Introduces Only Web Service to Deliver Nationwide Access To Property and Flood Data, Maps and Automated Valuation Models

ANAHEIM, Calif/PRNewswire-FirstCall/ -- First American Real Estate Solutions (RES), a member of The First American Corporation (NYSE: FAF) family of companies, today the launched RealQuest®.com, a comprehensive source of property data, maps, flood data, ownership and financing information, comparables and automated valuation models (AVMs) via the Internet.

Designed to meet the needs of lenders and appraisers, RealQuest provides access to the nation's largest and most robust property database through a simple interface that requires no special training or installation disks. First American RES is scheduled to release an expanded version of RealQuest during the first quarter of 2002 that will include document images, legal and vesting reports, and expanded search and reporting fields including additional functions to accommodate commercial property searches.

"RealQuest is an important tool that gives our customers a new level of efficiency," said George Livermore, president of First American Real Estate Solutions. "This is in keeping with our long-standing tradition of being the first to market with innovative solutions that help our customers improve their operating efficiency and market responsiveness."

Located on the Web at , RealQuest is the first Web-based property information service to address mortgage borrower prequalification, loan underwriting, quality control and appraisal automation applications. RealQuest subscribers receive instant access to detailed property and ownership information, financing information, sales analysis, parcel maps and automated valuation models. RealQuest provides for standard or customized searches and property reporting preferences. Report packages launched from a single property search can include a detailed property profile with sales history and property characteristics, comparable sales profiles, street map images showing the location of the subject and recently sold properties, a parcel map image and a proprietary multimethod property valuation model.

Source: The First American Corporation

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