 |
|
|
| ||||
|
| Home Loans | | | Media | | | Brokers | | | Mortgage Bank | | | Employment | | | Real Estate | | | Legal | | | Finance | | | Banking | | | Technology |
|
Factual Data Corp. and Provantedge Technologies form Alliance Factual Data Corp., (Nasdaq: FDCC) announced today that a strategic alliance has been formed between Factual Data Corp. and Provantedge Technologies of Irvine, California. Provantedge Technologies is the developer and owner of nVision, a leading web-based loan origination/management system for the mortgage industry. As a result of this strategic alliance, users of Provantedge's nVision loan management system will now seamlessly access Factual Data's credit reporting services. Through a secured Internet application Factual Data will provide real time credit reports to mortgage professionals through nVision. The Factual Data credit report is received instantly in either HTML or PDF format for viewing, and the credit data is then used by nVision to provide full loan product eligibility scoring. Factual Data's HTML report also provides an immediate enhancement to the nVision system by allowing users to order credit updates and other verification services on-line. On-line updates are backed by Factual Data's unprecedented 4 Hours or It's FREE guarantee. "Factual Data is very excited about the business alliance with Provantedge Technologies," said Dave Vinson, Factual Data Corp.'s chief sales officer. "We believe our products and services are the industry's finest, providing immediate lift to nVision users. In addition, the customer support focus and leading edge technology employed by both companies provides a tremendous foundation and synergy that will greatly benefit our mutual customers. We're also very pleased to have the MISMO 2.1 XML model utilized in this development effort as we continue our support of this important industry initiative," continued Mr. Vinson. About Factual Data Corp. Factual Data Corp. provides a wide range of customized information services to businesses across the United States that assist them in making critical decisions, such as determining whether to make a mortgage or other loan, offer employment, accept new tenants, or enter into a business relationship. Factual Data specializes in providing customized mortgage credit reports and other mortgage related services, consumer credit reports, employment screening, resident screening, and commercial credit reports. Factual Data's customers include mortgage lenders and independent mortgage brokers, consumer lenders, employers, property managers, and other business customers desiring information regarding creditworthiness and other matters. Factual Data is an industry leader in delivering its service offerings over the Internet and in utilizing technology and customer service to provide its services with the speed, reliability, accuracy and customization that industry participants increasingly demand. Factual Data markets its services through its website, www.factualdata.com , and nationally through offices located in major metropolitan areas. Factual Data's common stock trades on the Nasdaq National Market(R) under the symbol "FDCC." For more information visit www.factualdata.com . About Provantedge Technologies Developed by Mortgage Bankers for their Mortgage Banking firm, David Patrick first began developing Provantedge nVision when he sold his Mortgage Banking company in 1997. The nVision Loan Management System was formally introduced at the 2000 annual MBA conference in San Francisco. Provantedge Technologies is based in Lake Forest, CA. For more information, view the Provantedge website at www.provantedge.com or contact Kimber Patrick at 877-682-6833 or e-mail Kimber@provantedge.com. Safe Harbor" Statements under the Private Securities Litigation Reform Act of 1995 - With the exception of historical information, the matters discussed in this press release are forward looking statements that involve a number of risks and uncertainties. Factual Data's actual results could differ significantly from those statements. Factors that could cause or contribute to such differences include, but are not limited to, changes in interest rates; strength of market demand for Factual Data's services; the effects of seasonality in the housing market; competition; the success of Factual Data's consolidation plan; Factual Data's ability to manage growth; Factual Data's ability to successfully develop and market new services, and political and military uncertainties. Please refer to documents that Factual Data Corp. files from time to time with the Securities and Exchange Commission for a discussion of certain factors that could cause actual results to differ materially from those contained in the forward-looking statements. Source: 01/14/2003 LOVELAND, Colo., Jan. 14 /PRNewswire-FirstCall/ 301_003 Company: Factual Data Corp. Contact: Daena Lee , daenal@factualdata.com , Phone: 1-970-663-5700 x243 |
|
Mortgage Mag San Antonio, Texas 78255 Webmaster Email WebSite Map & Help |