|
SAN FRANCISCO, CA - Jan. 24, 2006 – LoanPerformance, a subsidiary of First American Real Estate Solutions (RES®) and a leader in residential mortgage data and analytics, announces the release of its new high-speed version of TrueStandings Securities Web-based service. This new version continues to offer clients full access to the mortgage industry’s leading mortgage-backed and asset-backed securities databases with over $1 trillion in loan-level information. Dramatic improvements have been made to TrueStandings Securities’ processing times and performance through implementation of the state-of-the-art Sybase® IQ analytics server.
Sybase IQ is a highly optimized analytics server, designed specifically to deliver ultra-high-speed business intelligence and reporting. With the integration of Sybase IQ, which provides among the industry’s fastest query performance and storage-retrieval functions for reporting on structured or unstructured data, TrueStandings Securities runs analyses and reports up to one hundred times faster than previous generations of the platform.
“Sybase is pleased to be a part of LoanPerformance’s enhanced TrueStandings Securities service with Sybase IQ at its core,” said Charles Doucot, vice president, Sales and Global Partner Program at Sybase. “Our goal is to help companies achieve a competitive edge by delivering fast, high-performance solutions to their customers on industry standard platforms.”
Dan Feshbach, chief executive officer of LoanPerformance stated: “LoanPerformance securities data is the core information that aggregators and securitizers use to compete successfully in the marketplace. Due to the vast volume of data LoanPerformance offers—literally terabytes of information—processing speed is a critical issue for our customers and we take that very seriously. This new high-speed version of TrueStandings Securities offers the fastest processing times yet to meet our clients needs.” Feshbach added that although the improvements in reporting speed vary depending on the type and complexity of the report, testing prior to release clearly demonstrated that all TrueStandings Securities reports execute significantly faster on the new Sybase IQ platform than they did previously. “This isn’t just a case of a few show-stopping improvements,” he said, “this is an across-the-board upgrade that provides a whole new, entirely different experience for users—especially power users.”
For more information about TrueStandings Securities, including performance testing comparisons, please call LoanPerformance at (415) 536-3526.
LoanPerformance is a subsidiary of First American Real Estate Solutions and a member of The First American Corporation (NYSE: FAF) family of companies. LoanPerformance’s databases track the delinquency and prepayment performance of 46 million active individual mortgage payments per month and provide loan-level information on more than $1 trillion in nonagency mortgage and asset-backed securities. The company’s data and suite of predictive prepayment and risk modeling solutions enable mortgage originators, servicers, securities issuers and investors to make informed business decisions about credit risk, loss mitigation, customer retention, securitization and investment. For additional information, visit www.loanperformance.com and www.firstamres.com.
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.
Sybase is a registered trademark of Sybase, Inc. All other company and product names mentioned may be trademarks of the companies with which they are associated.
Media contact:
David Schulz
Corporate Communications
The First American Corporation
(714) 800-3122
dschulz@firstam.com
|
|
