Kroll Factual Data integration into Mortgage Builder Software to help lenders comply with Fannie Mae Loan Quality Initiative

  Kroll Factual Data integration into Mortgage Builder Software to help
  lenders comply with Fannie Mae Loan Quality Initiative

Additional integrations include third party verifications and risk mitigation

Business Wire

LOVELAND, Colo. -- October 23, 2013

Kroll Factual Data, Inc. (Kroll Factual Data), a leading provider of risk
mitigation and independent verification services to the mortgage industry, and
Mortgage Builder Software, Inc. (Mortgage Builder), an industry-leading
provider of loan origination and loan servicing software systems, announced
today the release of Kroll Factual Data’s Loan Review Report™ (LRR) into
Mortgage Builder systems. LRR, a product specifically designed to help clients
comply with Fannie Mae’s Loan Quality Initiative (LQI), is available to
Mortgage Builder users without ever having to leave the loan file. In
addition, Kroll Factual Data’s Third Party Verifications and Risk Mitigation
services will be integrated with Mortgage Builder in the near future and will
join previously integrated Bureau Express^® Credit Reports and Flood
Determination Reports.

A primary objective of Fannie Mae’s LQI is to reduce the rise of repurchase
demands by capturing critical loan data earlier in the lending process and
validating it before, during and immediately after loan delivery. Kroll
Factual Data’s Loan Review Report simplifies the process of identifying
undisclosed liabilities, helping lenders comply with the guidelines
established in the LQI and helping mitigate the risk of buy-back requests.
Loan Review Report is a cost-effective solution that includes a credit report,
updated tradeline balances and a Mortgage Electronic Registration System
(MERS) search.

“Providing valuable solutions to our partners and the industries we support is
a core objective at Kroll Factual Data. Working with Mortgage Builder to
integrate our services, like the Loan Review Report, with their system will be
very beneficial to our mutual customers,” said Damon Littlejohn, Director,
Channels and Alliances at Kroll Factual Data. “With the heightened scrutiny
from investors on the validity and completeness of information supporting loan
decisions, having Loan Review Report available within Mortgage Builder is
timely for lenders concerned with mitigating this risk.”

“Offering our clients the tools they need to be competitive especially in
light of today’s regulatory environment is what Mortgage Builder strives for,”
said Brian Abbott, Director of Strategic Initiatives at Mortgage Builder.
“Providing Mortgage Builder clients with the Loan Review Report to help them
comply with Fannie Mae’s LQI without leaving our LOS solution is something we
are very excited about. This is the first of three multi-product integrations
of Kroll Factual Data services that will be offered through our LOS. With the
upcoming risk mitigation and third party verification services from Kroll
Factual Data, this will be the first of its kind for Mortgage Builder in that
it will provide our customers with the ability to order all credit and risk
services required for a loan from one provider.”

About Kroll Factual Data

Kroll Factual Data is a trusted provider of independent verification services
to mortgage lenders, financial institutions and property management firms. For
more than 25 years, Kroll Factual Data has helped clients confidently make
decisions that mitigate risk, enhance safety and soundness, and increase
profitability. Kroll Factual Data is part of the Altegrity family of
businesses. Altegrity is a leading global information services company with
more than 10,000 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

About Mortgage Builder Software

Southfield, Michigan-based Mortgage Builder Software, Inc. has been providing
industry-leading loan origination software (LOS) to mortgage banks, community
banks, credit unions and other financial institutions since 1998.Mortgage
Builder was the first LOS to provide its full capabilities in Application
Service Provider (ASP) form, as Software as a Service (SaaS), in the
traditional licensed, server-based configuration and now in a fully
browser-based environment, providing complete flexibility to suit all clients’
business models.Architect by Mortgage Builder™is an end-to-end,
“everything’s integrated” lending solution for retail, wholesale and
correspondent mortgage production channels, automating origination, closing,
post-closing and delivery, as well as tracking and reporting
functions.Essential enhancements like pricing and product eligibility (PPE),
electronic document management (EDM) and electronic loan delivery
functionality are built-in and available on demand, while compliant loan
documents are provided at no additional cost.Colonnade by Mortgage
Builderoffers a complete loan servicing system (LSS) that is scalable and
fully featured, ideal for mid-sized and larger loan servicers.The company has
been named byMortgage TechnologyMagazine as one of the industry’s Top 50
Service Providers for the sixth consecutive year and was the winner of the
magazine’s prestigious Help Desk Award for outstanding customer service and
the industry’s best technical


Mortgage Builder Software:
Strategic Vantage Marketing & Public Relations
Jim Hennessy, 858-774-0201
Kroll Factual Data:
Chris Horn, 970-619-7019
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