Vendor Management Services, Inc. Names Patty Parden Chief Operating Officer and Executive Vice President

Apr 25, 2001, 01:00 ET from Vendor Management Services, Inc.

    MINNEAPOLIS, April 25 /PRNewswire/ -- Vendor Management Services, Inc.
 (VMS) today announced that it has named Patty Parden chief operating officer
 and executive vice president.  VMS is a wholly owned subsidiary of The First
 American Corporation (NYSE:   FAF).
     In her new position, Parden will oversee the operations of VMS, including
 customer service, communications, finance and project management.
     Prior to joining VMS, Parden spent a number of years with Norwest
 Corporation, which merged with Wells Fargo in November 1998.  During her
 tenure with Norwest, she helped establish several startup mortgage-related
 businesses and was instrumental in generating a revenue stream, creating a
 strategic advantage for portfolio retention and cross-selling all bank-related
 products and services.  She served in various capacities, including vice
 president of the centralized loan origination centers and senior vice
 president of human resources.  Additionally, she led Norwest's Corporate
 Advantage program from its inception and, in just three years, established
 more than 100 Fortune 1000 accounts resulting in approximately $1 billion in
 funded loans.
     In 1996, Parden was named president of Value IT, Norwest's appraisal
 management company, which at that time was losing nearly $200,000 per month.
 Within two years, under Parden's leadership, the unit was earning
 approximately $100,000 per month and more than tripled its market share. In
 1998, she became senior vice president for RES-direct, a joint venture between
 VMS and Wells Fargo that provides a Web-based solution for ordering, service
 management and delivery of real estate-related products and services.
     Parden received a bachelor's degree in education and psychology from
 Morningside College in Sioux City, Iowa, and a master's degree from the
 Carlson School of Management at the University of Minnesota, Minneapolis.  She
 and her husband, Jerry, live in Minneapolis.
     Vendor Management Services, Inc. provides national mortgage lenders with a
 complete menu of solutions designed to reduce the cost of their operations,
 enhance the performance of their vendors and create new sources of revenue
 that add to the lenders' net earnings.  Information on VMS' Bottom Line
 Solutions, which includes technology, workflow management, vendor management
 and new revenue generation, can be found on the company's Web site at
 www.tvmsi.com.
     The First American Corporation, based in Santa Ana, Calif., is the
 nation's leading, diversified provider of business information and related
 products and services.  The corporation's three primary business segments
 include: title information 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; direct-to-consumer public
 records 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.  Information
 about the company and an archive of its press releases can be found on the
 Internet at www.firstam.com.
 
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SOURCE Vendor Management Services, Inc.
    MINNEAPOLIS, April 25 /PRNewswire/ -- Vendor Management Services, Inc.
 (VMS) today announced that it has named Patty Parden chief operating officer
 and executive vice president.  VMS is a wholly owned subsidiary of The First
 American Corporation (NYSE:   FAF).
     In her new position, Parden will oversee the operations of VMS, including
 customer service, communications, finance and project management.
     Prior to joining VMS, Parden spent a number of years with Norwest
 Corporation, which merged with Wells Fargo in November 1998.  During her
 tenure with Norwest, she helped establish several startup mortgage-related
 businesses and was instrumental in generating a revenue stream, creating a
 strategic advantage for portfolio retention and cross-selling all bank-related
 products and services.  She served in various capacities, including vice
 president of the centralized loan origination centers and senior vice
 president of human resources.  Additionally, she led Norwest's Corporate
 Advantage program from its inception and, in just three years, established
 more than 100 Fortune 1000 accounts resulting in approximately $1 billion in
 funded loans.
     In 1996, Parden was named president of Value IT, Norwest's appraisal
 management company, which at that time was losing nearly $200,000 per month.
 Within two years, under Parden's leadership, the unit was earning
 approximately $100,000 per month and more than tripled its market share. In
 1998, she became senior vice president for RES-direct, a joint venture between
 VMS and Wells Fargo that provides a Web-based solution for ordering, service
 management and delivery of real estate-related products and services.
     Parden received a bachelor's degree in education and psychology from
 Morningside College in Sioux City, Iowa, and a master's degree from the
 Carlson School of Management at the University of Minnesota, Minneapolis.  She
 and her husband, Jerry, live in Minneapolis.
     Vendor Management Services, Inc. provides national mortgage lenders with a
 complete menu of solutions designed to reduce the cost of their operations,
 enhance the performance of their vendors and create new sources of revenue
 that add to the lenders' net earnings.  Information on VMS' Bottom Line
 Solutions, which includes technology, workflow management, vendor management
 and new revenue generation, can be found on the company's Web site at
 www.tvmsi.com.
     The First American Corporation, based in Santa Ana, Calif., is the
 nation's leading, diversified provider of business information and related
 products and services.  The corporation's three primary business segments
 include: title information 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; direct-to-consumer public
 records 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.  Information
 about the company and an archive of its press releases can be found on the
 Internet at www.firstam.com.
 
     (Photo:  http://www.newscom.com/cgi-bin/prnh/19990929/FAFLOGO )
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X71296046
 
 SOURCE  Vendor Management Services, Inc.

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