Its subsidiaries operate within three complementary business segments: title information and services, which provides insured information about real property along with technical and software solutions for the real estate industry; real estate information and services, which provides a full menu of products and services that mortgage lenders need to originate, close and service loans; and consumer information and services, which offers a broad range of credit reporting, insurance services and other informational products that operate independent of interest rate and real estate cycles.
Each of these business segments leverage First American's advanced technology infrastructure designed to automate production and electronically speed delivery of information across the company's network and directly to its customers.
The company has 2,000 offices in the U.S. and overseas.
In 2005, First American reported revenues of $8.06 billion and net income of $485.3 million.
The company traces its roots to 1889, when Orange County, CA, a very rural area at the time, split off from the county of Los Angeles. Two firms opened to handle title matters in the brand-new county. In 1894, C.E. Parker, a local businessman, succeeded in merging the two competitors into a single entity. He was named president of the resulting company - Orange County Title Company - the immediate predecessor to today's First American Title Insurance Company.
The company would go public in 1964.
In 1968, the company was restructured into a general holding company, The First American Financial Corporation, which conducted its title operations through First American Title Insurance Company and its subsidiaries, and a trust business through First American Trust Company.
On December 3, 1993, the company moved its shares onto the prestigious New York Stock Exchange after 29 years of trading on the NASDAQ and over-the-counter markets.
In May of 2000, the company changed its name to The First American Corporation to more accurately reflect the company's diverse business mix, which includes a number of non-financial services.
Updated March 3, 2006