FirstAm Unveils Enhanced Credit Reporting

The First American Corp., Santa Ana, Calif., has announced the introduction of enhanced credit reporting services designed to benefit low- to moderate-income and first-time homebuyers, especially immigrants.The data provider said the services will help reduce obstacles for consumers who might otherwise be charged higher-than-market interest rates or be considered ineligible. First American said lenders often lack the resources to do the additional work required to serve such consumers and manage the associated risk. "We work directly with consumers on the lender's behalf to handle creditor verifications, credit bureau data discrepancies, credit scoring, nontraditional credit reporting, and consumer call-center services, all as one integrated service," said Mark F. Catone, a senior vice president with First American's credit information segment. The company can be found on the Web at http://www.firstam.com.