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First American Partners With Bohan Group

January 30, 2006

Aims To Bring Faster, More Advanced Due Diligence Services to Mortgage Investors

SANTA ANA, Calif., – First American Real Estate Solutions (RES®),a leading provider of advanced property and ownership information, analytics and services, today announced that it has formed a strategic partnership with Bohan Group, a provider of risk analysis and transaction support services to the capital markets. As part of this strategic partnership, and to demonstrate its commitment to the success of the alliance, First American has purchased a minority interest in Bohan Group. Details of the investment were not disclosed.

“The aim of this partnership is to create new technologies that improve the due diligence process for our clients,” said George Livermore, president of The First American Corporation’s Property Information and Services Group. “By coupling First American’s data, analytics and document retrieval resources with Bohan Group’s significant assets, which include proprietary risk analysis software and services, we will be able to deliver a more complete picture of mortgage risk faster than today’s industry standards.”

Today, investors often wait weeks to receive due diligence results on a sample of bulk loan files. Bohan Group plans to leverage their access to First American’s data and image repositories, automated valuation models, and advanced analytics to enable a more comprehensive review of loan files with initial reports returned to clients within days. This new methodology will reduce compliance risk and assist due diligence analysts with advanced analytics that enable them to more quickly identify loan quality and conformance.

“This strategic relationship furthers our commitment to providing our clients with better ways to execute detailed risk analysis,” said Paul Bohan, chief executive officer of Bohan Group. “We look forward to working with First American to introduce innovative new services that benefit our clients and enhance our leadership position.”

Primary services provided by the Bohan Group include residential due diligence, fulfillment center services, credit underwriting, regulatory compliance reviews, predatory lending audits, post-close quality control reviews and staff leasing. Bohan Group’s clients are leading secondary market participants including investment banks, depositories and mortgage lenders nationwide.

Bohan Group LLC was founded in 1995 to provide risk analysis and transaction support services to the largest investment banks on Wall Street. For the past ten years, its resources and expertise, in combination with its advanced proprietary technology, have given the company the ability to provide clients with valuable portfolio insights in a timely and efficient manner. The firm’s due diligence expertise extends to a variety of asset types including all residential mortgage products as well as nonperforming loan products. As an industry-leading firm with offices nationwide, Bohan Group has managed over 5,000 transactions totaling over $400 billion. Recently, the firm unveiled a Web portal that allows clients secure analysis of portfolio data, precise drill down tools, sophisticated filtering capabilities and executive reports in an archival format.

First American RES, a member of The First American Family of Companies, is the nation's largest provider of advanced property and ownership information, analytics and services. With more than 600,000 users nationwide, First American RES products are used by companies to improve customer acquisition and retention, detect and prevent fraud, improve mortgage transaction cycle time and cost efficiency, measure the value of residential and commercial properties, identify real estate trends and neighborhood characteristics, track market performance and increase market share. More information about First American RES can be found on the Internet at www.firstamres.com .

Source: The First American Corporation



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