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First American Title Enhances First-of-its-Kind Multisite Commercial Real Estate Transaction Closing Solution Within its ClarityFirst® Platform
press release, First American Title Insurance Company
   

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.

“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.” Post this

“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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