First American Title Expands Breadth of AgentNet® Services, Introduces Order Insights With Real-Time Fraud Alerts
December 11 2024 - 9:00AM
Business Wire
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),
today announced the launch of Order Insights, a real-time,
transaction-based fraud alert system. Available to all First
American policy-issuing title agents, Order Insights is now
included with AgentNet® Services, the digital storefront for First
American Title’s products and services that launched earlier this
year.
Fraud continues to challenge the real estate industry, with real
estate-related fraud losses totaling over $145 million in 2023,
according to the FBI’s annual Internet Crime Report. Order Insights
leverages First American’s industry-leading data assets to provide
title agents an edge in reducing fraud risk. As a transaction is
entered in AgentNet Services, Order Insights automatically
validates the transaction data and notifies title agents of file
discrepancies and identifies other potential fraud risk
indicators.
"Order Insights is another example of First American’s
leadership in the digital transformation of title and settlement
and our dedication to helping our valued agents protect their
clients’ transactions and grow their businesses,” said Stephen
Vincini, president of First American Title’s Agency Division.
“Dynamic fraud alerts help our agents deliver the certainty and
trust needed to power seamless real estate transactions for their
clients.”
In the month of November, Order Insights' real-time analysis
helped protect over 130,000 files. Together with the fraud
prevention tools, tips, and notifications in AgentNet Knowledge, a
one-stop destination for industry-leading underwriting expertise,
Order Insights is another high-value addition to the AgentNet
platform and sets the stage for expanded real-time communication
and fraud prevention tools in the near future.
Simple to navigate and use, AgentNet is designed to be the only
name title agents need to remember for industry-leading title
technology. For more information on the AgentNet suite of products
and services, contact a First American sales representative or
visit FirstAm.com/AgentNet.
About First American Title Insurance Company
First American Title Insurance Company, the largest subsidiary
of First American Financial Corporation (NYSE: FAF), traces its
history to 1889. One of the largest title insurers in the nation,
the company offers title services through its direct operations and
an extensive network of agents throughout the United States and
abroad. First American Title provides comprehensive title insurance
coverage and professional services for real estate purchases,
construction, refinances and equity loans. For more information,
visit www.firstam.com/title.
About First American
First American Financial Corporation (NYSE: FAF) is a
premier provider of title, settlement and risk solutions for real
estate transactions. With its combination of financial strength and
stability built over more than 135 years, innovative proprietary
technologies, and unmatched data assets, the company is leading the
digital transformation of its industry. First American also
provides data products to the title industry and other third
parties; valuation products and services; mortgage subservicing;
home warranty products; banking, trust and wealth management
services; and other related products and services. With total
revenue of $6.0 billion in 2023, the company offers its products
and services directly and through its agents throughout the United
States and abroad. In 2024, First American was named one of the 100
Best Companies to Work For by Great Place to Work® and Fortune
Magazine for the ninth consecutive year, and named one of the 100
Best Workplaces for Innovators by Fast Company for the second
consecutive year. More information about the company can be found
at www.firstam.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20241211513792/en/
Media Contact: Marcus Ginnaty Corporate Communications
First American Financial Corporation (714) 250-3298
Investor Contact: Craig Barberio Investor Relations First
American Financial Corporation (714) 250-5214
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