Vector Collateral Risk Management Platform Sees One-Hundred Percent Increase in Volume

First American Real Estate Solutions (RES), the nation's largest provider of advanced property and ownership information and a member of The First American Corporation family of companies, today announced that use of its Vector collateral risk management platform has increased 100 percent year-over-year for the last two years in response to lender demand for more advanced collateral risk management.

Vector was introduced in 2004 to assist lenders with automating rules to ensure selection of the optimal collateral valuation approach for each loan decision. Previously, credit policy rules were communicated through handbooks and policy memos, which required a labor-intensive manual implementation process that often prevented lenders from reacting quickly to changing market conditions. Vector solved this problem by enabling lenders to automate their collateral risk policy rules, resulting in faster and more accurate processing.

In addition to delivering a powerful rules engine, Vector provides clients with instant access to all of the top automated valuation models (AVMs) including First American RES' ValuePoint4, PASS, Home Price Analyzer (HPA) and PowerBASE; Freddie Mac's Home Value Explorer; Veros Softwares VeroValue; Fiserv's CASA and TransUnion's ValueWizard. Risk managers are also able to use Vector's rules to trigger a request for other property valuation methods such as broker price opinions (BPO), insured AVMs and traditional appraisals.

Designed to support The Office of the Controller of the Currency (OCC) and the Federal Institutions Reform, Recovery and Enforcement Act (FIRREA) guidelines for sound use of computer models, Vector provides real-time access to management reports on AVM performance and enables risk managers to continuously review and improve their business rules.

For further information on Vector, please contact Robert L. Walker, CMB, CMT, executive vice president collateral solutions for First American Real Estate Solutions at 714-250-6684; or by email at robwalker@firstam.com.

About First American Real Estate Solutions
First American Real Estate Solutions is a member of The First American Family of Companies and America's largest provider of advanced property and ownership information, analytics and services. First American RES' databases cover more than 2,900 counties representing 98 percent of the United States population. With more than 600,000 users nationwide, First American RES products are used by companies 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. First American RES is a joint-venture company 80-percent-owned by The First American Corporation and 20-percent-owned by Experian. More information about First American RES can be found on the Internet at www.firstamres.com.