iPlace First to Deliver Online, Instant, Three-bureau Merged Credit Report

Business Wire, March 21, 2001

Business Editors/Hi-Tech Writers

PHILADELPHIA--(BUSINESS WIRE)--March 20, 2001

Revolutionary report enables consumers to review the

information lenders use to evaluate them for credit

iPlace, Inc., a leading provider of personally relevant information about credit, home, neighborhood and other personal assets to more than 100,000 online and offline businesses, and the operator of two leading online consumer credit report services, ConsumerInfo.com and QSpace.com, today announced that it has partnered with First American CREDCO and launched the Web's first online, instant, three-bureau credit report for consumers.

For the first time, consumers can conveniently access their reports from the top three credit bureaus in one place, online, allowing them optimal analysis of their credit profile.

The new service, which went live on www.myinstantcreditreport.com, will allow users to receive consolidated credit reports over the Internet in less than 60 seconds with combined data from all three major credit bureaus: Equifax, Experian and Trans Union.

The unique tool was introduced as part of a strategic relationship with First American CREDCO, the nation's leading provider of specialty credit reporting and information management products.

"Our online, instant, three-bureau merged credit report demonstrates our commitment to create and deliver the next generation of Web-enabled credit products," said Stu Siegel, chief executive officer of iPlace, Inc. "This report is the most comprehensive way to analyze an individual's credit history and is much more powerful than the single reports that are currently offered."

Consumer credit information may vary from one credit bureau to another, requiring consumers to purchase multiple credit reports from different sources if they want to see all the credit information available to lenders.

The new, instant, online, merged credit report will enable users to easily compare credit information from all sources, allowing them the ability to identify possible inaccuracies and make strategic decisions on how to strengthen their credit standing.

"As the largest provider of merged credit reports to lenders, we are enthusiastic about partnering with iPlace, the largest online provider of credit reports to consumers," said Mary Siegrist with First American's Consumer Information and Services Group. "Ten years after we became the first to deliver three-bureau credit reports to consumers, iPlace has taken it a step further to become the first to deliver these reports electronically."

In addition to their initial online, instant, three-bureau credit report, consumers will have the opportunity to receive a discount on iPlace's CreditCheck(R) Monitoring Service, which allows subscribers to receive unlimited, free single-bureau (Equifax) credit reports while monitoring changes to their credit status.

Lenders use credit reports to help them determine an individual's eligibility for financial services, such as home mortgages, leases, auto loans, credit cards and more.

About iPlace Inc.

iPlace, Inc. is a leading provider of personally relevant information about credit, home, neighborhood and other personal assets. The company's services, data and technologies provide compelling information solutions, relationship building tools and transaction facilitation for more than 100,000 online and offline businesses.

Strategic relationships include Yahoo!, Microsoft, Intuit, Freddie Mac, Equifax, NextCard, E-Loan, Cendant, CBS Marketwatch, MemberWorks -- (Nasdaq: MBRS) which holds a significant equity stake -- among many others. Through its family of Web products (iPlace.com, QSpace.com, ConsumerInfo.com, HomeRadar.com, eNeighborhoods.com and FreeCreditReport.com), iPlace receives approximately six million unique visitors per month.

The company recently introduced its proprietary infoStructure Technology(TM), which enables companies to capture and deliver vital customer information while strengthening customer relationships via individually targeted communications.

About First American CREDCO

First American CREDCO, a subsidiary of The First American Corporation (NYSE: FAF), is the nation's leading provider of credit reporting services to the mortgage industry. The company processes more than 2 million credit reports each month.

The reports use information from the nation's three major credit bureaus, and are relied upon by mortgage lenders, financial institutions, the automobile industry, consumers and others who together make billions of dollars of credit decisions each year. For more information, visit First American CREDCO's Web site at www.facredco.com.

About The First American Corporation

The First American Corporation, based in Santa Ana, Calif., is the nation's leading provider of business information and related products and services.

The corporation's three primary business segments include: title insurance and services; real estate information and services, which includes mortgage information services and database information and services; and consumer information and services, which provides automotive, subprime and direct-to-consumer credit reporting; resident screening; pre-employment screening; property and automotive insurance tracking services; property and casualty insurance; home warranties; investment advisory; and trust and banking services.