First American Real Estate Solutions Releases New Version of Popular Win2Data Software.
ANAHEIM, Calif., Sept. 19 /PRNewswire/ --
First American Real Estate Solutions (RES), a member of The First American Corporation (NYSE: FAF) family of companies and the nation's largest supplier of data and decision-support products to the real estate and mortgage finance industries, today announced the release of Win2Data(R) version 4.2 featuring enhanced market-specific data and property search capabilities.
Just one year after announcing the combination of Transamerica Corporation's Intellitech real estate information business with its own, First American RES has successfully integrated the nation's two largest and most powerful property-data repositories into the most comprehensive property characteristic database in the world. Win2Data 4.2, with more than 30 new search elements and market-specific screen displays, gives users the power to conduct targeted searches of First American RES' database, which covers more than 85 percent of the nation's real estate transactions. The software upgrade is being provided to current Win2Data customers at no charge.
Launched in 1996 and used by more than 20,000 real estate and mortgage finance businesses nationwide, Win2Data has set the standard for desktop applications that access publicly recorded tax-roll, deed and mortgage information. The information Win2Data provides enables its users to help consumers and businesses buy and sell real estate; value residential and commercial properties; study real estate trends and neighborhood characteristics; and identify consumer prospects for financing, insurance and home improvement services.
"First American RES has a long-standing tradition as a market leader, and with the release of Win2Data 4.2, we have affirmed our reputation for providing premier applications that access the best and most comprehensive real estate information in the nation," said George S. Livermore, president of First American Real Estate Solutions. "With this new version, we're providing more data and greater search flexibility to locate, profile and value properties nationally, using local market characteristics."
The enhanced search capability in version 4.2 allows users to find properties and sales comparables using more property characteristic details, such as waterfront influence, lot shape, heat source, porch and attic type, flood zone information and many other elements. With the new Win2Data, users can also conduct searches within specific school districts or locate properties using alternative parcel numbering systems, such as the Strap Number system in Florida.
Win2Data's popular AutoComps feature has also been upgraded, allowing more options for customized searches by comparable property sales, the year built and additional property information, such as the presence of a pool. In addition, users can now define a sort sequence to prioritize the listing of sales comparables and limit comparables searching to a pre-set number. The assessor map module, which produces a map image of a property's lot lines and dimensions, has been expanded to include additional lot measurement tools and enhanced map annotation capability.
First American Real Estate Solutions is the nation's largest collector and provider of real estate information. Coverage consists of over 100 million parcels within 50 states and 1,370 county and municipal government offices. Updates are done daily with more than 2 million property and mortgage transactions completed each month. Products include property data and maps, automated valuation models, profiling and lead generation tools for customer acquisition and retention, lien release programs, legal and vesting reports, market analysis and statistical products, document images, MLS applications, flood data, printed aerial maps, published reports, custom research and product development services. Data delivery methods include: Web browsers, XML, wireless, private-label solutions, Windows(R) desktop solutions and bulk licensing arrangements. First American RES is majority owned and managed by The First American Corporation. Detailed company information is available on the First American RES Web site at www.firstamres.com.
The First American Corporation (NYSE: FAF), based in Santa Ana, Calif., is the nation's leading, diversified provider of business information and related products and services. The corporation's three primary business segments include: title insurance and services; real estate information and services, which includes mortgage information services and database information and services; and consumer information and services, which provides automotive, subprime and direct-to-consumer credit reporting; direct-to-consumer public records reporting; resident screening; pre-employment screening; automobile title administration; property and automotive insurance tracking services; property and casualty insurance; home warranties; investment advisory; and trust and banking services. Information about the company and an archive of its press releases can be found on the Internet at www.firstam.com.
For more information please contact Teresa Grove, Vice President of Marketing, First American Real Estate Solutions, +1-714-701-3780
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