First American Title Enhances First-of-its-Kind Multisite Commercial Real Estate Transaction Closing Solution Within its ClarityFirst® Platform
March 25 2024 - 9:00AM
Business Wire
—Transaction stakeholders can now securely
upload, view and manage project documents and artifacts for
multiple properties within a single platform—
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 enhancements to the industry’s first multisite
commercial real estate closing transaction solution, a key
component within its end-to-end digital platform ClarityFirst®.
Designed to support single commercial transactions encompassing
multiple properties across multiple jurisdictions, ClarityFirst’s
multisite solution provides customers and other transaction
stakeholders the ability to securely upload, view and manage
project documents and artifacts for multiple properties within a
single platform.
“ClarityFirst’s multisite solution further streamlines and
improves the efficiency of even the most complex commercial real
estate transaction closings, bringing more speed, certainty and
simplicity to the process,” said Jayson Murray, chief product and
technology officer at First American’s Direct Title Group. “This
industry-first innovation extends First American’s leadership of
the digital transformation of our industry and reflects the
breakthrough work and deep expertise of our people.”
Seamlessly integrated into the ClarityFirst platform, the
multisite solution now allows transaction stakeholders to view and
manage portfolio deal closings via the platform dashboard.
Customers can review the transaction documentation on various
properties in their portfolio in an interactive map or site list
format on a single page.
While portfolio transactions can involve thousands of documents
and emails, the multisite solution brings simplicity, ease, and
organization to the closing process. ClarityFirst acts as a
repository for all project documents; customers can easily and
securely access all relevant transaction documents, dramatically
reducing email traffic and eliminating the need to search through
multiple emails or folders.
With more than 82,000 customers signed up to use the platform
and over 156,000 commercial transactions closed, ClarityFirst is
leading the digital transformation of the commercial title
insurance industry, streamlining and securing the closing process,
and enhancing the overall transactional experience. To learn more
about ClarityFirst or request an account, visit
https://www.clarityfirst.com. For more information about First
American Title National Commercial Services, visit
www.firstam.com/title/commercial/.
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 130 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 2023, First American was named one of the 100
Best Companies to Work For by Great Place to Work® and Fortune
Magazine for the eighth consecutive year and was named one of the
100 Best Workplaces for Innovators by Fast Company. 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/20240325389404/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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