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Predictive Methods Conference (PMC2004) for the Mortgage Industry

May 19, 2004

Fourth annual conference plans to deliver on its continued commitment to facilitate learning and sharing

Newport Beach, CA - May 19, 2004 - Veros Software and First American Real Estate Solutions (RES) will co-host the fourth annual Predictive Methods Conference June 28-30, at the Four Seasons Hotel and Resort in Newport Beach, Calif.

Automated Valuation Models (AVMs), fraud detection models and other automated analytical products have burst onto the mortgage scene in recent years and continue to be a popular topic for major and midsize corporations throughout the country. As the technology advances, the interest from the industry intensifies proportionately. Attendees and sponsors alike consider this to be the preeminent forum of its type focusing on the use of analytics to reduce risk and improve efficiency in lending.

This year's conference features decision-makers from the top national lenders who will share experiences and provide insight as to real-world approaches and applications of these automated processes and mortgage analytics. This year's speakers and moderators include such distinguished organizations as Wells Fargo, Freddie Mac, Standard and Poors, Washington Mutual, GMAC-RFC, Bank of America, Household Finance, JP Morgan Chase, ABN-AMRO, Goldman Sachs, and other leading companies. Attendees represent senior-level officers and management from these and other institutions such as Fannie Mae, Countrywide, Wachovia, Bank One, National City Mortgage, New Century Mortgage, Option One and many other major corporations.

The list of attendees is as impressive as the unique approach of the meeting. Unlike most conferences, the PMC2004 is dedicated to a mixture of high-intensity education in the form of panels, interactive discussions, networking opportunities and renowned speakers. Notably absent is the overuse of vendors as the primary source of thought leadership. Instead, the majority of speakers are business leaders from mortgage lending organizations who are experienced in the assessment and implementation of risk management analytics.

The program provides distinctive opportunities for a limited number of supporting sponsors carefully chosen to showcase important technologies, products and services that support the mortgage industry. This year's sponsors include: Appintell, FNC, Clear Capital, Lender-E-Source, 1 Source Data, Trinity Inspection Services, PCi Corporation, The Turning Point, and ACI. For more information on the course agenda, sponsorship or to simply register, go to www.pmc2004.com or call (949) 250-0000 ext. 3451.

About PMC2004

The fourth Annual Predictive Methods Conference (PMC), the most respected of its kind in the mortgage industry, offers three days of networking and education on emerging trends in mortgage technology. Over the last three years PMC has separated itself from all other self-proclaimed technology conferences by setting the standard in education, information and participation without the hype. PMC2004 will offer substantive information in an interactive forum to bring clients and developers together. Forget the gimmicks and vendor demonstrations; this is all about mortgage professionals and the technology that affects their bottom line. More information about PMC can be found on our website at www.pmc2004.com.

About First American Real Estate Solutions

First American Real Estate Solutions, a member of the First American Family of Companies, is the nation's largest provider of advanced property and ownership information, analytics and services. First American RES' database covers more than 2,000 U.S. counties representing 95 percent of the nation's real estate transactions. With more than 500,000 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.

About 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 largest data provider, the company supplies businesses and consumers with information resources in connection with 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 six primary business segments including: Title Insurance and Services, Specialty Insurance, Mortgage Information, Property Information, Credit Information and Screening Information. With revenues of $6.2 billion in 2003, First American has 29,000 employees in approximately 1,400 offices throughout the United States and abroad. More information about the company and an archive of its press releases can be found at www.firstam.com.

About Veros Real Estate Solutions:

Veros Real Estate Solutions, a proven leader in enterprise risk management and collateral valuation services, uniquely combines the power of predictive technology, data analytics and industry expertise to deliver advanced automated decisioning solutions. Veros products and services are optimizing millions of profitable decisions throughout the mortgage industry, from loan origination through servicing and securitization. Veros provides solutions to control risk and increase profits including automated valuations, fraud and risk detection, portfolio analysis, forecasting, and next-generation collateral risk management platforms. Veros is headquartered in Santa Ana, California. To order the VeroFORECAST update or receive information on other Veros analytic products and systems, visit www.veros.com or call (866) 458-3767.


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Category: Press Releases