First American Financial Corporation Named Most Innovative Company of the Year, Gold Winner at Best in Biz Awards 2023
20 Décembre 2023 - 3:00PM
Business Wire
—Company’s cutting-edge digital technologies
and unmatched data assets earn it recognition as a leading
innovator among the broader business community—
First American Financial Corporation (NYSE: FAF),
a premier provider of title, settlement and risk solutions for real
estate transactions and the leader in the digital transformation of
its industry, today announced that it was named the gold winner in
the Most Innovative Company of the Year (large company) category at
the Best in Biz Awards, the only independent business awards
program judged each year by prominent editors and reporters from
top-tier publications in North America. The 13th annual program saw
intense competition among more than 600 entries from public and
private companies, representing all industries and regions in the
U.S. and Canada.
“We have a long history of innovation focused on making real
estate transactions faster, more intuitive and more efficient,”
said Ken DeGiorgio, CEO of First American. “Earning recognition as
a leading innovator among the broader business community beyond
real estate reflects the efforts of our people to bring more speed,
certainty and simplicity to the process of buying and selling real
estate.”
Innovations that helped First American stand out among the
competition included its cutting-edge digital technologies and
unmatched data assets. The company’s breakthrough digital platforms
– including Endpoint® and IgniteRE™ in residential real estate and
ClarityFirst® in commercial real estate – are driving growth and
building value by improving the real estate transaction experience.
First American’s industry-leading patent portfolio houses more than
30 patents, including methods using AI and machine learning. The
company pioneered the use of AI in property data extraction to help
build the industry’s largest property and ownership dataset, which
fuels automated title production. Leveraging First American’s
patented data extraction technologies and machine learning
capabilities, the company created CovenantGuard™, which has
demonstrated real progress in helping California counties address
the painful relics of discrimination found in public land
records.
Since the program’s inception in 2011, winners in Best in Biz
Awards have been determined by independent judging panels assembled
each year from some of the most respected national and local
newspapers, TV and radio outlets, and business, consumer,
technology and trade publications in North America. For a full list
of gold, silver, and bronze winners in Best in Biz Awards 2023,
visit https://www.bestinbizawards.com/2023-winners/.
About First American
First American Financial Corporation (NYSE: FAF) is a
premier provider of title, settlement and risk solutions for real
estate transactions. With its combination of financial strength and
stability built over more than 130 years, innovative proprietary
technologies, and unmatched data assets, the company is leading the
digital transformation of its industry. First American also
provides data products to the title industry and other third
parties; valuation products and services; mortgage subservicing;
home warranty products; banking, trust and wealth management
services; and other related products and services. With total
revenue of $7.6 billion in 2022, the company offers its products
and services directly and through its agents throughout the United
States and abroad. In 2023, First American was named one of the 100
Best Companies to Work For by Great Place to Work® and Fortune
Magazine for the eighth consecutive year and was named one of the
100 Best Workplaces for Innovators by Fast Company. More
information about the company can be found at www.firstam.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20231220829875/en/
Media Contact: Marcus Ginnaty Corporate Communications
First American Financial Corporation (714) 250-3298
Investor Contact: Craig Barberio Investor Relations First
American Financial Corporation (714) 250-5214
First American (NYSE:FAF)
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