- Industry's First FCRA-Compliant Mortgage Applicant and Property Risk Report - POWAY, Calif., Oct. 12 /PRNewswire/ -- First American CREDCO, the leading provider of credit reporting solutions to the mortgage industry and part of First Advantage Corporation (NASDAQ:FADV), today announced the introduction of the ENCORE report at the Mortgage Bankers Association's 96th Annual Convention & Expo in San Diego, Calif. Designed specifically to satisfy today's stringent mortgage lending and documentation requirements, ENCORE is the industry's only comprehensive consumer reporting solution that delivers FCRA-compliant risk analysis for all critical elements of the mortgage application and servicing processes. The report, which delivers a 100% decisionable 360-degree risk view of the consumer and lending transaction, features applicant credit risk, identity verification, applicant income and employment verification, and subject property and market data. (Logo: http://www.newscom.com/cgi-bin/prnh/20091012/FL90458LOGO ) ENCORE is the first in a series of customizable risk analysis solutions powered by the company's new proprietary nd Merge (nth dimension) Technology(TM) platform. Positioned as the mortgage industry's next-generation solution for risk analysis, nd Merge allows First American CREDCO to instantly access and combine thousands of data elements into a single report. The result is a multi-dimensional full-risk view of the consumer that goes far beyond traditional applicant risk analysis. "Dramatic shifts in the economic environment along with estimated annual fraud losses reaching $25 billion have forced mortgage professionals to reevaluate how consumer and collateral data is qualified," said John Bauer, executive vice president of business development for First American CREDCO. "ENCORE satisfies a very timely and critical need for accurate, reliable and thorough decisioning data that lenders and servicers can use to quickly evaluate and help mitigate risk on every loan transaction or portfolio." ENCORE Reporting Components Driven by public, private and proprietary data sources, ENCORE instantly accesses and sorts thousands of consumer data points covering 99 percent of the population, over 100 million active loans and more than 600 million consumer data records. In seconds, a customizable rules-based analysis of the data is provided, complete with recommended actions. Each report delivers comprehensive decisioning data and analysis on the following: ENCORE Summary: Features an at-a-glance summary of key consumer and mortgage loan factors, such as mortgage lending activity, subject property data, lien status and credit history of an existing or previous mortgage loan. Includes caution alerts for identity or property fraud and transaction data that may represent loan risk indicators. ENCORE Property: Features property characteristics and historical data, owner occupancy analysis, estimated value, comparables and valuation on nearby sales in the market to determine potential risks associated with the subject property. ENCORE Credit: Provides applicant's credit information from all three national credit bureaus along with public records information and other data sources to help determine applicant credit worthiness. ENCORE Identity: Displays Red Flag fraud and FACT Act alerts along with key identity information, such as name, AKAs, other related SSNs and addresses associated with an applicant to help detect and resolve potential fraud. ENCORE Income: Verifies inferred or stated income and employment history to help determine if an applicant has the capacity to meet payment obligations. "Twenty years ago, First American CREDCO revolutionized credit risk analysis with the first Instant Merge credit reporting solution," continued Bauer. "ENCORE is the next generation in consumer reporting that takes complex decisioning data and instantly delivers it in an easy-to-read, intuitive format that significantly simplifies the way mortgage professionals evaluate risk." nd Merge (nth dimension) Technology In development since early 2007, nd Merge Technology is an FCRA-compliant, fully scalable data merge technology platform that collects, sorts and organizes data from thousands of data sources in seconds. The proprietary data technology, along with expansive consumer and business information, is leveraged against proven data collection and reporting methods to deliver highly customizable reporting solutions. First American CREDCO provides one out of every two credit reports to the mortgage industry. For more information about ENCORE and First American CREDCO's proprietary nd Merge Technology, visit booth #211 at this year's MBA Convention & Expo, call 800.255.0792 or visit encore.credco.com. About First American CREDCO First American CREDCO, a division of First Advantage CREDCO, LLC, a wholly-owned subsidiary of First Advantage Corporation, is the nation's number one provider of merged credit reports, processing one out of every two credit reports ordered in the mortgage industry. The division proudly serves a broad range of lending and retail markets with a variety of business information products and services. More information about First American CREDCO can be found at http://www.credco.com/. About First Advantage Corporation First Advantage Corporation (NASDAQ:FADV) combines industry expertise with information to create products and services that organizations worldwide use to make smarter business decisions. First Advantage is a leading provider of consumer credit information in the mortgage, automotive, payday lending and specialty finance industries; business credit information in the transportation industry; lead generation services; motor vehicle record reports; employment background verifications; occupational health services; applicant tracking systems; recruiting solutions; skills and behavioral assessments; business tax consulting services; corporate and litigation investigations; computer forensics; electronic discovery; data recovery; due diligence reporting; resident screening; property management software and renters insurance. First Advantage ranks among the top companies in all of its major business lines. First Advantage is headquartered in Poway, Calif. and has offices throughout the United States and abroad. More information about First Advantage can be found at http://www.fadv.com/. First Advantage is a majority-owned subsidiary of The First American Corporation (NYSE:FAF), a FORTUNE 500® company that traces its history to 1889. First American is America's largest provider of business information, supplying businesses and consumers with valuable information products to support the major economic events of people's lives. Additional information about the First American Family of Companies can be found at http://www.firstam.com/. http://www.newscom.com/cgi-bin/prnh/20091012/FL90458LOGO DATASOURCE: First American CREDCO CONTACT: David Woodruff, Creative Manager, First American CREDCO, +1-619-938-6809, Web Site: http://www.credco.com/

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