GMAC-RFC Selects First American Real Estate Solutions to Develop Automated Valuation Model (AVM) Platform - Next-generation decisioning technology integrates multiple AVMs, including ValuePoint(R)4 - ANAHEIM, Calif., June 28 /PRNewswire-FirstCall/ -- First American Real Estate Solutions (RES(R)), the nation's largest provider of property and ownership information, analytics and services, announced the construction of an AVM platform for GMAC-RFC, the leading private issuer of mortgage-backed securities and the No. 1 warehouse lender in the United States. The AVM platform provides access to the top AVMs in the industry, including First American RES' ValuePoint4, and allows users to benefit from powerful decision logic and filters to maximize hit rate, optimize accuracy, and further automate business processes. "We are honored to be selected by GMAC-RFC to develop and deploy this unique technology solution," said George Livermore, president of First American RES. "GMAC-RFC has shared their future vision with us and together we have built a next generation AVM platform that will reduce risk, lower cost and compress the underwriting process to a new competitive level." The AVM platform implemented by GMAC-RFC applies innovative analytics to collateral valuation decisioning. The AVM platform will manage the order in which automated valuation models are run based on certain criteria, which include geography, estimated value, loan amount, loan-to-value, and loan type, to name a few. In addition, GMAC-RFC will use proprietary AVM research to establish the appropriate internal use for each AVM result. Through GMAC-RFC's Assetwise(SM) loan evaluation system, AVM results will be merged with proprietary underwriting criteria to return the appropriate decision. First American RES, a member of The First American Family of Companies, is the nation's largest provider of advanced property and ownership information, analytics and services. RES' database covers more than 2,000 counties representing 95 percent of the nation's real estate transactions. With more than 500,000 users nationwide, 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. More information about First American RES can be found on the Internet at http://www.firstamres.com/. The First American Corporation is a Fortune 500 company that traces its history to 1889. As the nation's largest data provider, the company supplies businesses and consumers with information resources in connection with the major economic events of people's lives, such as getting a job; renting an apartment; buying a car, house, boat or airplane; securing a mortgage; opening or buying a business; and planning for retirement. 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 $6.21 billion in 2003, First American has 29,000 employees in approximately 1,800 offices throughout the United States and abroad. More information about the company and an archive of its press releases can be found at http://www.firstam.com/. GMAC-RFC, a wholly owned subsidiary of GMAC Financial Services, is a leading private issuer of mortgage-backed securities and the No. 1 warehouse lender in the United States. The company leverages its strengths in securitization, lending and investment to offer a broad portfolio of innovative capital solutions to businesses in a variety of markets. The company is headquartered in Minneapolis and operates in the United States, Canada, Mexico, United Kingdom and Continental Europe. http://www.gmacrfc.com/ Contact: Teresa Grove Vice President of Marketing First American Real Estate Solutions (714) 701-3780 DATASOURCE: The First American Corporation CONTACT: Teresa Grove, Vice President of Marketing of First American Real Estate Solutions, +1-714-701-3780, or Web site: http://www.firstam.com/ http://www.firstamres.com/ http://www.gmacrfc.com/

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