First American CoreLogic Announces 2008 LoanPerformance Symposium Series
Focus on Latest Mortgage Risk Trends and Collateral Risk Analysis
SAN FRANCISCO, March 3, 2008–First American CoreLogic, a member of The First American Corporation (NYSE:FAF) family of companies and a leader in residential mortgage data and analytics for the mortgage industry and Wall Street, today announced the dates and locations for its 7th annual complimentary LoanPerformance Symposium Series on emerging mortgage loan and collateral risk issues and trends.
Topics for the 2008 LoanPerformance Symposium Series include:
The U.S. Mortgage Market: Where Do We Go From Here? Issuers, servicers and investors continue to be nervous about the risk profile of their loan portfolios. This presentation will provide insight and perspective on current trends based on the latest loan and property data and research on delinquencies, defaults and loss severities, highlighting specific areas of increased risk exposure.
Refinancing Out of Risk: The Impact on Originators, Issuers and Investors: As investors and issuers face the growing conundrum of credit risk exposure and pending legislative initiatives, what are the strategies to consider to mitigate risk? First American CoreLogic industry experts will provide perspective, recommendations and an open forum to exchange ideas.
Managing Mortgage and Real Estate Risk Through Loan and Property Analytics: The key to understanding the true underlying risk of today’s mortgage portfolios and investments is transparency at a granular level for each loan and its underlying collateral. Emerging breakthrough analytics leveraging new data sources of non-traditionally captured risk elements can create immediate, actionable arbitrage for originators, issuers and investors.
BPOs: How Accurate Are They? Broker Price Opinions (BPOs) are used extensively throughout lender organizations; however, the greatest usage is focused in loss mitigation, real estate owned (REO) management and loan acquisition due diligence. Despite their critical importance to lenders, servicers and, in the end, investors, there is little available knowledge regarding the valuation accuracy of BPOs or the degree to which one BPO provider has more accurate results than another. First American CoreLogic set out to understand how accurate BPOs are based on empirical blind testing to determine the degree to which an automated valuation process could perform relative to the “gold standard” BPO performance. For many, the results will be surprising.
| 2008 LoanPerformance Symposium Schedule | ||||
| Date | City | Location | ||
| Mar. 13 | London | The Westbury Mayfair Hotel | ||
| Apr. 1 | Charlotte, N,C. | The Westin Charlotte | ||
| Apr. 16 | Washington, D.C. | The Fairmont Washington, D.C.* | ||
| Apr. 17 | New York City | The Marriott Marquis at Times Square | ||
| May 13 | Minneapolis | Graves 601 Hotel | ||
| May 14 | Chicago | The Westin River North* | ||
| Jun. 5 | Irvine, Calif. | The Hyatt Irvine* | ||
| *subject to change | ||||
All symposiums will be held from 8:30 a.m. to 12 p.m. and will be preceded by registration and a complimentary breakfast buffet beginning at 8 a.m. A complete agenda and location details are available at www.loanperformance.com/events/symposiums. Attendees can register online by selecting the appropriate link for the city of their choice. Prior approval from First American CoreLogic is required for vendors and consultants. Questions regarding the 2008 First American CoreLogic LoanPerformance Symposium Series can be emailed to symposiums@loanperformance.com or answered by phone at (415) 536-3525.
About First American CoreLogic
First American CoreLogic, a member of The First American Corporation (NYSE:FAF)
family of companies, was formed through the merger of First American Real
Estate Solutions, America’s largest provider of advanced property and ownership
information, analytics and services, and CoreLogic, the leading provider of
residential mortgage risk management and fraud protection technology and
services. The combined company’s databases cover more than 3,000 counties,
representing 99.1 percent of the United States population. With more than
600,000 users nationwide, First American CoreLogic products are used by
businesses to improve customer acquisition and retention, detect and prevent
fraud, improve mortgage transaction cycle time and cost efficiency, measure the
value of residential and commercial properties, identify real estate trends and
neighborhood characteristics, track market performance and increase market
share. More information about First American CoreLogic can be found at
www.facorelogic.com.
About The First American Corporation
The First American Corporation (NYSE: FAF) is a FORTUNE 500® company that
traces its history to 1889. With revenues of approximately $8.2 billion in
2007, 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,
Mortgage Information, Property Information and First Advantage. More
information about the company and an archive of its press releases can be found
at www.firstam.com.
Media Contact:
Carrie Gaska
Corporate Communications
The First American Corporation
(714) 250-3298
cgaska@firstam.com
Investor Contact:
Mark Seaton
Investor Relations
The First American Corporation
(714) 250-4264
mseaton@firstam.com
