First American Introduces SourceMaster Powered by Dorado

A Next Generation Technology for Vendor and Transaction Management with Advanced Bundling Capabilities

Santa Ana, Calif.—March 10, 2003—The First American Corporation (NYSE:FAF), the nation’s leading, diversified provider of business information and related products and services, today announced that it has joined forces with Dorado Corporation to create SourceMaster‘. SourceMaster is a next generation sourcing platform for the mortgage industry that provides a full suite of vendor and transaction management and advanced bundling capabilities. SourceMaster will be available in second quarter 2003.

SourceMaster will include interfaces to any Vendor Access Network (VAN) such as First American’s VMS, Ocwen Technology Xchange’s REALTrans or RealEC Technologies'™ RealEC Exchange™.

For customers it’s a new technology that is VAN independent with advanced bundling capabilities to meet current and emerging market opportunities. Settlement service products can now be dynamically linked to loan programs and consumer information to meet the emerging need for bundles.

Bundling is the dynamic assembly of a set of settlement services products around a loan program, property, and borrower and lender characteristics. Dynamic means the system automatically crafts a bundle and orders those services, and manages through the completion of the loan transaction.

“This is comparable to Dell Computers in PC manufacturing. Customer will be able to assemble a bundle for each individual order based on that individual’s information, the property and the lender’s risk parameters,” says Roger Hull, Senior Vice President and Chief Information Officer with First American. “SourceMaster, because it is VAN-independent, uniquely allows our customers to get better vendor coverage, independent performance measurement of vendors, advanced vendor management capabilities and better bundling support.”

“Dorado is very proud to have such an endorsement and support from a major partner,” says Dain Ehring, chief executive officer, Dorado. “We are extending our demand chain management expertise from the mid-office of a major lender, out to all the vendors that support the completion of a loan process. The combination of Dorado’s demand chain management technology and First American’s track record of customer relationships and market access will make SourceMaster a success.”

The First American Corporation

The First American Corporation (NYSE:FAF) is a Fortune 500 company that traces its history to 1889. As the nation's leading diversified provider of business information, the company supplies businesses and consumers with the information resources that affect the major economic events of people's lives, such as getting a job; renting an apartment; buying a car, house, boat or airplane; securing a mortgage; opening or buying a business; and planning for retirement. The First American Family of Companies, many of which command leading market share positions in their respective industries, operate within seven primary business segments including: Title Insurance and Services, Specialty Insurance, Trust and Other Services, Mortgage Information, Property Information, Credit Information and Screening Information. With revenues of $3.75 billion in 2001, First American has more than 22,500 employees in approximately 1,300 offices throughout the United States and abroad. More information about the company and an archive of its press releases can be found at http://www.firstam.com.

RealEC Technologies

RealEC Technologies is a majority-owned subsidiary of Fidelity National Information Solutions with significant equity ownership by Stewart Title Company (NYSE-STC) and LandAmerica Financial Group (NYSE-LFG).

Dorado Corporation

Dorado Corporation is the leader in Demand Chain Management software applications for U.S. home lending banks. Dorado’s mortgage, home equity, and real estate products integrate business customers and consumers into lending processes. Dorado’s Web services-based solutions increase flexibility and efficiency and enable the up- and cross-sale of financial products and services. www.dorado.com

Press contacts:
Melinda Mattei
Dorado Corporation
650-227-7329

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