First American Business Unit Selects Response Analytics to Support Forward-Looking Business Strategy.Mortgage Innovator Responds to Market Opportunity by Adopting Optimization Technology SCOTTSDALE, Ariz. -- Response Analytics, a leading provider of solutions for driving business growth in financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. institutions, announced today that First American First American may refer to:
n. A form of popular Algerian music combining traditional Arabic vocal styles with various elements of popular Western music and featuring outspoken, often controversial lyrics. ) is consistent with First American and FASLO's long reputation as an innovator in using advanced technologies to deliver productivity and profitability. An industry first, RAI's DPM solution combines software and services and uses optimization-based technology to provide continuous portfolio valuations and optimal recovery rate recommendations matched to appropriate collection channels. By "adaptively" learning and therefore predicting how borrowers and portfolios will react to changing market and economic conditions, mortgage organizations can increase accuracy for valuations and cash flow forecasts as well as optimize workout Workout Informal repayment or loan forgiveness arrangement between a borrower and creditors. workout 1. The process of a debtor's meeting a loan commitment by satisfying altered repayment terms. recommendations, in order to rapidly adapt business strategy to the current business climate. The solution has value for mortgage originators, servicers, investors and bond insurers. About First American The First American Corporation
Officially referred to as The First American Corporation (FAC) , (NYSE NYSE See: New York Stock Exchange : FAF FAF abbr. financial aid form ) is a FORTUNE 500[R] company that traces its history to 1889. With revenues of approximately $8.5 billion in 2006, it is America's largest provider of business information. First American combines advanced analytics with its vast data resources to supply businesses and consumers with valuable information products to support the major economic events of people's lives, such as getting a job, renting an apartment, buying a car or house, securing a mortgage and opening or buying a business. The First American Family of Companies, many of which command leading market share positions in their respective industries, operate within five primary business segments, including: Title Insurance and Services, Specialty Insurance, Mortgage Information, Property Information and First Advantage. More information about the company and an archive of its press releases can be found at www.firstam.com. About Response Analytics Response Analytics (RAI) is a leading provider of solutions for driving business growth in financial services institutions. RAI's solutions for financial services institutions can be applied to solve a variety of business issues from pricing financial instruments for increased volume/profits to improving cash flow and reducing losses on subprime mortgage portfolios. In the case of solving today's mortgage-related travails, RAI combines software and services to increase the recovery rate on distressed asset portfolios. The technology that underlies the business solution has been in development for years and uses best-in-class optimization science to produce significant gains. For more information, call 480.429.4480, email Info@ResponseAnalytics.com or visit us on the web at www.responseanalytics.com. |
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