First American Chooses SmartClose Online Transaction Management Service from Expeditrix.Business Editors & Real Estate/High-Tech Writers AUSTIN, Texas--(BUSINESS WIRE)--Oct. 9, 2000 SmartClose Service Selected for Real Estate Expertise and Exclusive Proactive Notification Feature First American First American may refer to:
"Traditional residential real estate closings are paper and communications intensive," said Brian Pitman, Division President, First American Title Insurance Company of Texas. "To better serve our customers' needs and increase our competitive advantage, we were looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a comprehensive, innovative online transaction management service. SmartClose enables us to leverage the Internet to streamline communication and automate document management for residential real estate closings. Now, we can offer our customers a more efficient way to close their homes." First American's closing professionals can reduce hundreds of phone calls and status inquiries by utilizing SmartClose to add, update, view or print relevant closing documents. An escrow escrow Instrument, such as a deed, money, or property, that constitutes evidence of obligations between two or more parties and is held by a third party. It is delivered by the third party only upon fulfillment of some condition. officer can set up each transaction by adding the closing participants and their respective tasks. SmartClose then adapts intelligently to each step of the closing process according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the business customs between the participants in the transaction and the documents involved. And, when the transaction status changes, SmartClose proactively notifies the multiple closing participants via their own preferred communication device, i.e. phone, pager, fax, email, cell phone or personal digital assistant (PDA (Personal Digital Assistant) A handheld computer for managing contacts, appointments and tasks. It typically includes a name and address database, calendar, to-do list and note taker, which are the functions in a personal information manager (see PIM). ). All information is secure and only authorized users can add, change and view documents. "First American is at the forefront of infusing advanced technology into real estate transactions," remarked Tim Ford, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Expeditrix. "SmartClose is an innovative online transaction management service that gives First American title professionals the ability to relieve time-consuming administrative procedures and be more productive in real estate closings. We look forward to helping First American increase their market lead in Central Texas and other regions through improved customer service." About First American Title Insurance Company First American Title Insurance Company, the largest subsidiary of 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 ), traces its history to 1889. One of the largest title insurers in the nation, the company offers title services through more than 800 offices and an extensive network of agents throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and abroad. The company has its headquarters in Santa Ana Santa Ana, city, El Salvador Santa Ana (sän'tä ä`nä), city (1993 pop. 129,873), W El Salvador. It is the second largest city in the country and the commercial and processing center for a sugarcane, coffee, and cattle region. , Calif. Information about The First American Corporation's subsidiaries and an archive of its press releases can be found on the Internet at www.firstam.com. About Expeditrix Headquartered in Austin, Texas, Expeditrix Corporation provides a hosted business-to-business Internet service that simplifies time-consuming and complex multiparty transactions. The company's first service, SmartClose, focuses on providing collaboration solutions for the residential real estate industry. This Web-based service is fully customizable, reliable and secure, eases administrative processes and improves communication among all home-closing participants. More information on Expeditrix and SmartClose can be found at www.expeditrix.com. Expeditrix is a registered trademark of Expeditrix Corporation. SmartClose is a registered service mark of Expeditrix Corporation. All other company and product names may be trademarks of the respective companies with which they are associated. |
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