May 4, 2023, Santa Ana, Calif.
. Very First American Data & Analytics, a prominent nationwide supplier of property-centric information, risk management and advanced analytics and a department of Very first American Financial Corporation (NYSE: FAF), announced today its CovenantGuard ™ solution has actually won a Gold Stevie ® Award at the 21st annual American Service Awards ® in the aggregation platform classification. This marks the seventh successive year that First American Data & Analytics has been acknowledged by the American Business Awards, bringing its total to 17 awards because period. More than 3,700 elections from organizations of all sizes and in essentially every industry were sent to the 2023 American Business Awards for factor to consider in a wide variety of classifications.
“The recognition of our CovenantGuard option declares our leadership in the innovative release of AI and OCR technologies to resolve customer and societal challenges,” stated Robert Karraa, president of Very first American Data & Analytics. “Not just are we looking for to take advantage of our exclusive data extraction technology and detailed data assets to assist address the vestige of discrimination in historical real estate files, however we are also providing a service for determining and redacting illegal covenants in other legal documents.”
CovenantGuard is a first-of-its-kind workflow service that utilizes AI-driven technology to scan for and determine unlawful discriminatory limiting covenants in documents tape-recorded in the United States. In April 2022, California’s Riverside County chose the service to identify and redact these unlawful covenants in county recorded realty files in accordance with California’s AB 1466 legislation. Without CovenantGuard, county officials would have to by hand evaluate more than 100 years’ worth of realty documents to determine records consisting of illegal discriminatory limiting covenants.
Details about The American Service Awards and the list of 2023 Stevie winners are available at www.StevieAwards.com/ABA.
About First American Data & Analytics
First American Data & Analytics, a division of Very first American Financial Corporation, is a national provider of property-centric info, threat management and appraisal services. Very first American preserves and curates the industry’s biggest home and ownership dataset that consists of more than 8 billion document images. Its significant platforms and items consist of: DataTree ®, FraudGuard ®, RegsData ®, First American TaxSource ™ and ACI ®. Find out more about how First American Data & Analytics powers the real estate, home mortgage and title settlement services industries with innovative decisioning solutions at www.FirstAmDNA.com.
About Very first American
Very First American Financial Corporation (NYSE: FAF) is a premier service provider of title, settlement and danger services genuine estate deals. With its mix of monetary strength and stability constructed over 130 years, ingenious exclusive technologies, and unmatched data assets, the company is leading the digital change of its industry. Very first American also provides data products to the title market and other third parties; appraisal products and services; home mortgage subservicing; home guarantee products; banking, trust and wealth management services; and other related product or services. With overall earnings of $7.6 billion in 2022, the business offers its product or services straight and through its agents throughout the United States and abroad. In 2023, First American was named among the 100 Best Companies to Work For by Great Location to Work ® and Fortune Publication for the 8th successive year. More details about the company can be found at www.firstam.com.