- Outsourcing Document Tracking and Recovery Adds Efficiency to Post-Closing Operations - SANTA ANA, Calif., Sept. 25 /PRNewswire/ -- First American Real Estate Solutions (RES(R)), the nation's largest provider of advanced property and ownership information, analytics and services, announced today that it has been selected by Nationstar Mortgage(SM), one of the nation's leading nonprime mortgage and home equity lenders, to provide trailing document and lien release services following loan closings. Nationstar Mortgage closes 4,000 loans and processes approximately 2,500 lien releases per month. As with any lender of this size, tracking trailing documents after a loan closes is a time-consuming, manual process that can be costly to the lender. To solve this problem, Nationstar selected First American RES' Document Tracking and Recovery Service, which tracks trailing documents, from inception through delivery, to investors or custodians. The service combines document tracking, document retrieval, assignment and lien release creation and recordation, freeing lenders from this time-consuming process and allowing them more time to focus on their core business practices. "Nationstar is a progressive lending institution that is utilizing outsourced services and technology in ways that are most advantageous to its customers," said Ron Rooney, general manager of First American Real Estate Solutions. "Employing a document tracking and recovery solution on an outsourced basis allows Nationstar to deliver better service and reduce costs." After a consultative review of its post-closing and trailing documents operations, Nationstar concluded that a service package that bundled tracking, recovery and lien release functions would create the greatest measure of efficiency. "With Document Tracking and Recovery now in place, we are passing on immediate cost savings to our customers in addition to increasing responsiveness to the market and enhancing our own internal efficiency," said Steve Lichti, senior vice president for Nationstar Mortgage. "We selected First American RES as our post-closing services provider because it has a team of professionals dedicated to managing document relationships with closing and title agents. In addition, First American's nationwide databases of document images and recording information are always available to us on a secure Web-based server for quick and easy access." For more information on First American RES' Document Tracking and Recovery Service, please contact Ron Rooney, general manager at 1-(888)-603-9011, extension 1212, or . First American Real Estate Solutions, a member of The First American Family of Companies, is America's largest provider of advanced property and ownership information, analytics and services. First American RES' database covers more than 2,800 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 http://www.firstamres.com/. Contact: David Schulz Corporate Communications The First American Corporation (714) 800-3298 DATASOURCE: First American Real Estate Solutions CONTACT: David Schulz, Corporate Communications of The First American Corporation, +1-714-800-3298, Web site: http://www.firstamres.com/ Company News On-Call: http://www.prnewswire.com/comp/312375.html

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