The First American Corporation Consolidates Offshore Services Through The Formation Of First American International Services Group
|October 25, 2005|
SANTA ANA, Calif. -- The First American Corporation (NYSE: FAF) today announced the formation of First American International Services Group, a new division comprised of offshore corporate resources dedicated to providing a wide selection of high-quality, cost-effective offshore services to the mortgage industry.
First American International Services Group will utilize First American’s extensive offshore technology and production resources that currently support the company’s domestic operations. It will lead the corporation in the continued growth of its international presence through additional resources and locations. The focused effort of First American International Services Group will allow First American to meet the growing desire among mortgage industry customers for offshore services.
“First American International Services Group’s offshore operations can create a significant, positive impact on the margins and bottom-line profitability of our customers,” said Dennis Gilmore, chief operating officer of The First American Corporation. “First American has the resources and infrastructure necessary to deliver highly reliable, cost-effective results for our customers. We have outsourced an increasing number of our internal business processes since 1997, and are now applying that expertise to meet the evolving needs of our clients.”
J. Gregory Harrington, who has been named president of First American International Services Group, brings more than 20 years of management experience in all facets of mortgage banking to his new position.
“Having a proven industry veteran of Greg’s caliber to lead this division will allow First American International Services Group to offer innovative and flexible service solutions to our customers that take full advantage of our strength as a global information services company,” said Parker S. Kennedy, chairman and chief executive officer of The First American Corporation.
Source: The First American Corporation