FIRST AMERICAN CREDCO SUPPORTS UPDATED FHA RISK-BASED-PREMIUM CREDIT ASSESSMENT

—Instant Merge® and Anthem Suite® Exceed Guidelines for Credit Reporting, Decision Credit Score and Non-Traditional Credit—

First American CREDCO, the leading provider of credit reports to the mortgage and consumer finance industries and part of First Advantage Corporation (NASDAQ: FADV), today announced that its Instant Merge® and Anthem Suite® product solutions exceed certain guidelines for the updated Federal Housing Administration (FHA) Credit Reporting Requirements for FHA Mortgage Insurance Risk-Based Premiums calculations. Specifically, the products meet or exceed requirements for credit reporting, scoring and non-traditional credit compilation and verification.

“First American CREDCO is pleased to offer our customers turnkey product solutions that meet or exceed the updated FHA program requirements,” said Mark F. Catone, senior vice president of First American CREDCO. “Instant Merge and Anthem together help provide a seamless flow of service that includes traditional credit bureau reporting and scoring, non-traditional credit reporting specific to the FHA’s requirements and a borrower disputes process as outlined by the FHA.”

In its June 11, 2008 Mortgagee Letter 2008-16, the FHA outlined new risk-based premiums on one- to four-unit single family mortgages. The premium levels are charged by risk, using the decision credit score value and long term value to determine the premium. The decision credit score is the median score when three scores (one from each national credit bureau) are available, or the lesser of two scores when only two are available, and “one” when only one score is available.

The FHA further clarified that the borrower may dispute the accuracy of the credit report and score, allowing the borrower to either delay the transaction and repair their credit or pay the premiums based on the existing score. First American CREDCO’s consumer dispute resolution services are included free of charge for lender customers who pull credit reports through the company. The unique service allows borrowers to leverage First American CREDCO to help them navigate the complex process of disputing credit issues with one, two or all three national credit bureaus.

Additionally, when no decision score is available for underwriting purposes, borrowers with non-traditional or insufficient credit must qualify based on the underwriting guidance described in Mortgagee Letter 2008-11. The letter clarifies the compilation and verification standards for non-traditional credit, including FHA Group 1 payment types (rental housing, gas, electricity, water, telephone and cable) and Group 2 payment types (insurance, daycare, Internet, cell phone and retail). First American CREDCO’s Anthem non-traditional credit report meets or exceeds the FHA’s non-traditional credit verification and evaluation methodology. First American CREDCO also offers a unique CONNECT Web services interface, where Anthem allows customers to completely automate all aspects of the FHA credit reporting requirements, including those in cases of thin- or no-file consumers.

Available since 2004, the Anthem Report® is widely used by mortgage lenders to obtain credit for borrowers with little or no credit history. Anthem is fully compliant with the non-traditional credit compilation and verification methodologies of Fannie Mae, Freddie Mac and FHA. For more information on the Instant Merge, the Anthem Suite of Services or other FHA lending solutions from First American CREDCO, visit www.credco.com or call 800.255.0792.

About First American CREDCO

First American CREDCO, a division of First Advantage CREDCO, LLC, a wholly owned subsidiary of First Advantage Corporation, processes millions of credit transactions annually and is the industry’s technology and service leader. First American CREDCO is the leading provider of merged credit reports to the mortgage and consumer finance industries. The division proudly serves a broad range of lending and retail markets with a variety of business information products and services. More information about First American CREDCO can be found at www.credco.com.

About First Advantage Corporation

First Advantage Corporation (NASDAQ: FADV) combines industry expertise with information to create products and services that organizations worldwide use to make smarter business decisions. First Advantage is a leading provider of consumer credit information in the mortgage, automotive, payday lending and specialty finance industries; business credit information in the transportation industry; lead generation services; motor vehicle record reports; supply chain security consulting; employment background verifications; occupational health services; applicant tracking systems; recruiting solutions; skills and behavioral assessments; business tax consulting services; corporate and litigation investigations; computer forensics; electronic discovery; data recovery; due diligence reporting; resident screening; property management software and renters insurance. First Advantage ranks among the top companies in all of its major business lines. First Advantage is headquartered in Poway, California, and has more than 4,800 employees in offices throughout the United States and abroad. More information about First Advantage can be found at www.FADV.com.

First Advantage is a majority-owned subsidiary of The First American Corporation (NYSE: FAF), a FORTUNE 500® company that traces its history to 1889. First American is America’s largest provider of business information, supplying businesses and consumers with valuable information products to support the major economic events of people’s lives. Additional information about the First American Family of Companies can be found at www.firstam.com.

For more information, please contact David Woodruff at 619.938.6809 or e-mail drwoodruff@FADV.com.