Dan Berman Named Chief Operating Officer of LoanPerformance
SAN FRANCISCO – June 15, 2006 – LoanPerformance, a subsidiary of First American Real Estate Solutions (RES®) and a leader in residential mortgage data and analytics for the mortgage industry and Wall Street, today announced that Dan Berman has been named chief operating officer.
Berman joined LoanPerformance in 2005 after serving as vice president, mortgage information technology, national accounts, for the western region at First American RES, where he cultivated relationships with key clients and translated customer feedback into product enhancements and new product development.
In his new role, Berman will lead market development and integration initiatives between LoanPerformance and First American RES, in addition to overseeing sales, marketing, customer service and the PreTell™ prepayment scoring product line.
“Bringing new and innovative risk management solutions to our customers is our top priority,” said Dan Feshbach, president of LoanPerformance. “Dan brings to our leadership team remarkable talent and a deep knowledge of First American’s data assets that we will leverage to further advance our strategy of delivering unique, next-generation tools to the marketplace.”
Prior to joining First American, Berman held executive business development, sales, marketing and general management positions at DSFI, Office Solutions, Merisel and Van Son. Berman holds a bachelor’s degree in economics from the University of Texas and a master’s degree in business administration from the University of Southern California.
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 non-agency 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 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 Risk Mitigation and Business Solutions—a new segment that the company formed in 2005 by combining its Credit Information and Screening Information segments. With revenues of $8.1 billion in 2005, First American has approximately 2,100 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
Contact:
David Schulz
Corporate Communications
The First American Corporation
(714) 800-3298
dschulz@firstam.com
