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First American Named by Fast Company as One of the Best Workplaces for Innovators for Second Consecutive Year By Investing.com
"First American once again is one of 100 global leaders recognized for encouraging and developing innovation at all levels" SANTA ANA, Calif.--(BUSINESS WIRE)--First American Financial (NYSE:FAF) Corporation (NYSE: FAF), a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today announced that Fast Company named the company to the 2024 Best Workplaces for Innovators list, which honors organizations and businesses that demonstrate an inspiring commitment to encourage and develop innovation at all levels. This is the second consecutive year First American has earned a spot on the Fast Company Best Workplaces for Innovators list and the company remains the only title and settlement services provider to have ever achieved this recognition. Joining the leading innovators from across the global business community for a second straight year reflects our steadfast commitment to supporting innovation, said Ken DeGiorgio, CEO of First American Financial Corporation. The talent, professionalism and dedication of our people are the foundation of First American's renown as the leading innovator in its industry and central to how we deliver the certainty and trust needed to power seamless real estate transactions for our customers. First American invests heavily in providing its customers and employees with modern, digital tools designed to enhance efficiency and streamline operations. The company's breakthrough digital platforms " including Endpoint ®, Jot™, FirstAm IgniteRE™ in residential real estate and ClarityFirst ® in commercial real estate " are examples of how First American is driving growth and building value by enhancing the real estate transaction experience. The company is also transforming title underwriting with Galileo™, an internally developed, revolutionary map-based underwriting tool that is unique in the industry and helps First American underwriters reach faster and better coverage decisions. First American's industry-leading patent portfolio houses more than 30 patents, including methods using AI and machine learning. The company has pioneered the use of AI and machine learning in property data extraction to help build the industry's largest property and ownership dataset, which fuels automated title production. The 2024 Best Workplaces for Innovators ranks 100 winners from a variety of industries, including entertainment, biotech, consumer packaged goods, marketing, education, healthcare, and many more. Fast Company editorial staff assessed nearly 1,000 applications, judging company responses to questions on particular examples of home-grown innovation, existing programs to encourage innovation, investment in R&D, and overall culture. To see the complete list, go to https://www.fastcompany.com/best-workplaces-for-innovators/list. 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 135 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 2024, First American was named one of the 100 Best Companies to Work For by Great Place to Work ® and Fortune Magazine for the ninth consecutive year, and named one of the 100 Best Workplaces for Innovators by Fast Company for the second consecutive year. More information about the company can be found at www.firstam.com. About Fast Company Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with our sister publication Inc., and can be found online at www.fastcompany.com.
[2]
First American Named by Fast Company as One of the Best Workplaces for Innovators for Second Consecutive Year
-- First American once again is one of 100 global leaders recognized for encouraging and developing innovation at all levels -- First American Financial Corporation (NYSE: FAF), a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today announced that Fast Company named the company to the 2024 Best Workplaces for Innovators list, which honors organizations and businesses that demonstrate an inspiring commitment to encourage and develop innovation at all levels. This is the second consecutive year First American has earned a spot on the Fast Company Best Workplaces for Innovators list and the company remains the only title and settlement services provider to have ever achieved this recognition. "Joining the leading innovators from across the global business community for a second straight year reflects our steadfast commitment to supporting innovation," said Ken DeGiorgio, CEO of First American Financial Corporation. "The talent, professionalism and dedication of our people are the foundation of First American's renown as the leading innovator in its industry and central to how we deliver the certainty and trust needed to power seamless real estate transactions for our customers." First American invests heavily in providing its customers and employees with modern, digital tools designed to enhance efficiency and streamline operations. The company's breakthrough digital platforms - including Endpoint, Jotâ„¢, FirstAm IgniteREâ„¢ in residential real estate and ClarityFirst in commercial real estate - are examples of how First American is driving growth and building value by enhancing the real estate transaction experience. The company is also transforming title underwriting with Galileoâ„¢, an internally developed, revolutionary map-based underwriting tool that is unique in the industry and helps First American underwriters reach faster and better coverage decisions. First American's industry-leading patent portfolio houses more than 30 patents, including methods using AI and machine learning. The company has pioneered the use of AI and machine learning in property data extraction to help build the industry's largest property and ownership dataset, which fuels automated title production. The 2024 Best Workplaces for Innovators ranks 100 winners from a variety of industries, including entertainment, biotech, consumer packaged goods, marketing, education, healthcare, and many more. Fast Company editorial staff assessed nearly 1,000 applications, judging company responses to questions on particular examples of home-grown innovation, existing programs to encourage innovation, investment in R&D, and overall culture. To see the complete list, go to https://www.fastcompany.com/best-workplaces-for-innovators/list. 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 135 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 2024, First American was named one of the 100 Best Companies to Work For by Great Place to Work and Fortune Magazine for the ninth consecutive year, and named one of the 100 Best Workplaces for Innovators by Fast Company for the second consecutive year. More information about the company can be found at www.firstam.com. About Fast Company Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with our sister publication Inc., and can be found online at www.fastcompany.com.
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First American Financial Corporation has been named one of the Best Workplaces for Innovators by Fast Company for the second consecutive year. The company's commitment to fostering innovation and leveraging technology in the title insurance and settlement services industry has been highlighted.
First American Financial Corporation, a leading provider of title insurance and settlement services, has once again been recognized for its innovative workplace culture. For the second year in a row, the company has been named one of the Best Workplaces for Innovators by Fast Company, a prestigious business media brand known for its focus on innovation in technology, leadership, and design 1.
The recognition highlights First American's ongoing commitment to fostering an environment that encourages innovation and creative problem-solving. This approach has been particularly evident in the company's efforts to leverage technology and data to enhance the real estate transaction experience for its customers 2.
Ken DeGiorgio, chief executive officer at First American Financial Corporation, expressed pride in the company's achievement. He emphasized that innovation is deeply ingrained in First American's culture, stating, "Our employees across the organization are empowered to pursue new ideas that enhance the customer experience and drive efficiency" 1.
First American has implemented several initiatives to promote innovation within the company. These include:
Innovation Engineering Program: A comprehensive training program that equips employees with problem-solving skills and innovation techniques 2.
Venture Funding: An internal program that provides funding and resources for employee-led innovative projects 1.
Innovation Sprints: Collaborative events that bring together employees from various departments to develop solutions to specific business challenges 2.
First American's focus on innovation has led to significant advancements in the title insurance and settlement services industry. The company has developed proprietary technology that streamlines real estate transactions, enhances the accuracy of property information, and improves the overall customer experience 1.
Fast Company's Best Workplaces for Innovators list is developed in collaboration with Accenture. The selection process involves a rigorous application review and scoring system that assesses various factors, including company investment in innovation, innovation-focused programs, and the organization's success in developing innovative products and services 2.
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