Kroll Factual Data addition to ISGN platform to help lenders comply with Fannie Mae Loan Quality Initiative

  Kroll Factual Data addition to ISGN platform to help lenders comply with
  Fannie Mae Loan Quality Initiative

      Two more platform additions to speed up tax return and employment
                                verifications

Business Wire

LOVELAND, Colo. -- January 8, 2013

Kroll Factual Data, Inc. (“Kroll Factual Data”), a leading provider of
independent verification services to mortgage lenders, banks, credit unions
and property management firms, announced today the addition of several Kroll
Factual Data product integrations into the ISGN^® MORvision^™ Plug-In Partner
platform, an advanced, automated mortgage lending system that automates every
aspect of loan origination. Kroll Factual Data’s Loan Review Report (LRR), a
product specifically designed to help clients comply with Fannie Mae’s Loan
Quality Initiative (LQI), will become available in January 2013. Future Kroll
Factual Data releases, all planned for the first quarter of 2013, will include
Tax Return Verifications and Verification of Employment services. Kroll
Factual Data Bureau Express Credit Reports and Flood Determination Reports are
already integrated into the platform.

A primary focus of Fannie Mae’s LQI is to stop the wave of repurchase demands
by capturing critical loan data earlier in the process and validating it
before, during, and immediately after loan delivery. Kroll Factual Data’s Loan
Review Report is a specially formatted tool designed to simplify the process
of identifying undisclosed liabilities, helping lenders comply with the
guidelines established in the LQI and mitigate repurchase risk. As an
independent verification tool, Loan Review Report is an efficient and
cost-effective solution that includes a credit report, updated tradeline
balances and a Mortgage Electronic Registration System (MERS) search.

“Partnering with ISGN by integrating our services with their MORvision Plug-In
Partner platform is something that we take great pride in and believe will be
very beneficial to our mutual clients,” said Damon Littlejohn, Director
Channels and Alliances at Kroll Factual Data. “With the government’s
heightened scrutiny on the completeness and accuracy of information underlying
loan decisions, we believe the availability of our Loan Review Report is
especially timely for lenders concerned with mitigating this risk.”

Focused solely on the mortgage industry, ISGN offers comprehensive end-to-end
mortgage solutions for both lenders and servicers. Their robust portfolio of
integrated mortgage processing solutions and award-winning technology reflect
their deep experience in the industry. “ISGN and Kroll Factual Data share a
common commitment to helping clients optimize their operations, mitigate risk
and improve compliance through diverse, high-quality solutions,” said Ankush
Dham, Director of Technology Products and Services at ISGN. “We are pleased to
expand Kroll Factual Data’s presence on our MORvision platform with the
addition of these three new services.”

About Kroll Factual Data

Kroll Factual Data is a trusted provider of independent verification services
to mortgage lenders, banks, credit unions, and property management firms. For
more than 25 years, Kroll Factual Data has helped clients confidently make
prompt, accurate decisions that mitigate risk, enhance safety and soundness,
and increase profitability. By aggregating and analyzing information, Kroll
Factual Data helps its customers protect its financial assets and make
informed decisions.

Kroll Factual Data is part of the Altegrity family of businesses. Altegrity is
a leading global information services company with 10,500 employees in 30
countries united by a common mission to help government and commercial clients
by uncovering, reviewing, analyzing and delivering information. For more
information, visit www.krollfactualdata.com.

About ISGN

ISGN is a leading provider of mortgage technology and services. A fast-growing
company with more than 1,000 customers, including large global banks and a
majority of the top 10 lenders in the country, ISGN’s product line includes a
complete range of solutions for lenders, brokers and servicers. ISGN is funded
by the highly regarded venture firms New Enterprise Associates (NEA) and
IndoUS Venture Partners (IUVP), and by CFCL Overseas Limited, an SPV of
Chambal Fertilisers and Chemicals Limited, a KK Birla company. Based in
Melbourne, Fla., ISGN now employs more than 1,000 people across five domestic
centers and two international facilities. For more information, visit
www.isgn.com.

Contact:

ISGN
Lauren Schuster, 678-781-7209
or
Kroll Factual Data
Chris Horn, 970-619-7019
chorn@krollfactualdata.com
 
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