First American Title Insurance Company, a leading provider of title insurance and settlement services and the largest subsidiary of First American Financial Corporation (NYSE: FAF), recently announced the release of the residential real estate version of myFirstAm™, a new Web portal designed to provide users with easy access to title order status, as well as to other services involved in completing a real estate transaction.
According to the company, a primary benefit of the new portal, which can be accessed online at www.myFirstAm.com, is its ability to send notifications to its users via email or text message when key tasks in the closing process are completed, according to the company. These notifications, along with other integrated features, help streamline residential real estate transactions, which can result in a better buying experience for the consumer.
“The myFirstAm portal is one of several innovative technologies that we’re bringing to market to help ease and simplify the process of doing business with First American Title,” says Dennis Gilmore, chief executive officer of First American Financial Corporation. “It’s an example of our commitment to help streamline the procedures and the communication involved in the real estate transaction process, in turn benefiting both real estate professionals and consumers.”
The company notes that the myFirstAm suite of tools includes detailed status updates on title insurance and escrow orders; access to useful property information, including basic property characteristics, sales and tax data, and aerial imagery; and calculation tools for title insurance and escrow services. It also allows users to electronically place title orders.
The new myFirstAm portal for residential real estate professionals is currently available in Arizona, many areas within Florida, Minnesota, Ohio, and Texas and will deploy nationwide by the end of 2011. A current list of available states, along with an option to subscribe to rollout updates via email, can be found at www.firstam.com/myFirstAm.