UNITED GENERAL TITLE INSURANCE COMPANY
LAUNCHES UNITED LENDER SERVICES DIVISION
—Steve Shaw Joins as Division’s President—
SANTA BARBARA, Calif., Oct. 23, 2006 - United General Title Insurance Company,
a subsidiary of First American Title Insurance Company and a member of The First
American Corporation (NYSE: FAF) family of companies, today announced the formation
of its United Lender Services division. United Lender Services, with offices in
California and Pennsylvania, will provide title insurance, closing/settlement services
and related products nationwide.
Steve Shaw, United Lender Services’ newly appointed division president, has more
than 20 years of extensive experience providing title and closing solutions nationwide,
partnering with many of the country’s largest mortgage lenders. In his new role,
Shaw will actively direct the United Lender Services’ teams in establishing mutually
beneficial partnerships with lenders and continue United General’s tradition of
“Five Star Service.”
“I am very proud to have Steve Shaw join our company,” said Ronald R. Maudsley,
president and chief executive officer of United General Title Insurance Company.
“Coupled with our current resources, Steve’s experience, integrity, creativity and
work ethic assure that United General will leverage all opportunities to provide
our lender clients with new products, unparalleled delivery, pricing capabilities
and execution. Steve knows how to execute.”
Using a one-stop-shop approach, United Lender Services offers a variety of customized
technical options to ensure the best solutions to lenders’ needs, regardless of
size, technical infrastructure or platform. The division offers Web-based solutions
that allow for simultaneous multiple-product order placement, statusing and delivery,
bundling options, connectivity to industry-leading portals and integration with
many major loan origination systems.
“We have access to the best technology in the industry, but our ultimate success
will be based on good, old-fashioned customer service,” said Shaw. “That is what
truly sets us apart from our competitors.”
United Lender Services parallels First American Title’s National Lenders Advantage
unit and TransContinental Title, two specialized title processing units designed
to address the high-volume, centralized service needs of mortgage originators. Offering
three highly efficient channels for complete, nationwide title and settlement services
increases First American’s potential of expanding its presence in the large lender
market segment.
United General Title Insurance
Company is a subsidiary of First American Title Insurance Company,
one of the largest title insurers in the nation. As part of the First American Family
of Companies, United General offers the industry’s most innovative products and
services and provides coverage on the largest of commercial transactions. One of
the fastest growing title insurers with a national scope, United General is dedicated
to increasing the productivity and profitability of its customers. The company is
qualified in 49 states and the District of Columbia, and its services are marketed
through a network of carefully selected agents and direct offices. Further information
on the company can be found at www.ugtic.com.
First American Title Insurance
Company, the largest subsidiary of The First American Corporation
(NYSE: FAF), traces its history to 1889. One of the largest title insurers in the
nation, the company offers title services through more than 1,800 offices and an
extensive network of agents throughout the United States and abroad. The company
has its headquarters in Santa Ana, 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.