Loveland, CO., (Oct. 24, 2005) - Kroll Factual Data, Inc., a subsidiary of Kroll Inc. (NASDAQ: MMC), the global risk consulting company, and Stewart Mortgage Information Co. a wholly owned subsidiary of Stewart Information Services Corp. (NYSE-STC), today announced an agreement giving Kroll Factual Data, Inc. integration with Stewart Mortgage Information's full collection of title insurance products and services. This technology interface agreement will give Kroll Factual Data, Inc., a full suite of title products and related mortgage settlement services that will further enhance its bundled services offering for the mortgage industry.
Through this agreement, Kroll Factual Data's clients can initiate title orders through its web based technology platform.
In commenting on the recent alliance, James Donnan, President of Kroll Factual Data stated, "We are proud to have forged this strategic alliance with Stewart Mortgage Information. By further capitalizing on our robust technology platform and integration skills, we will enhance our client's ability to streamline their workflows and competitively price their services. The addition of Stewart's title products and services places Kroll Factual Data's service offering at the top of the leader board for full loan support service functionality."
"We are pleased to be able to partner with Kroll Factual Data and add these product and services to help complete their bundled services offerings," said Kevin Gugenheim, president and chief operating officer, Stewart Mortgage Information. "Kroll Factual Data has an outstanding technology platform and we believe that by combining this with our expertise in the title and settlement services area that this partnership will benefit both of our company's customers."
Stewart Mortgage Information (http://smi.stewart.com) is a leading provider of mortgage information and services that accelerate loan origination and reduce costs of post closing functions. SMI boosts the efficiency and profitability of the loan origination process through the delivery of information and services required for settlement and servicing using e-commerce, including: credit, valuation products, nationwide title and settlement services, flood determinations, electronic mortgage document solutions, background checks and a variety of post-closing and investor delivery services.
Stewart Information Services Corp. is a technology-driven, strategically competitive, real estate information and transaction management company. Stewart provides title insurance and related information services required for settlement by the real estate and mortgage industries through more than 8,000 policy-issuing offices and agencies in the United States and international markets. Stewart also provides post-closing lender services, automated county clerk land records, property ownership mapping, geographic information systems, property information reports, flood certificates, document preparation, background checks and expertise in tax-deferred exchanges. More information can be found at www.stewart.com.
About Kroll Factual Data, Inc.
Kroll Factual Data, Inc. 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. Kroll Factual Data specializes in providing customized mortgage credit reports, flood zone determination, fraud control and other mortgage related services, consumer credit reports, employment screening, resident screening, and commercial credit reports. Previously named Factual Data Corp., the company was acquired by Kroll Inc. (NASDAQ: MMC), the global risk consulting company, in August 2003 and now operates as part of Kroll's Technology Service Group.
Kroll 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. Kroll 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. Kroll Factual Data markets its services through its website, www.krollfactualdata.com, and nationally through offices located in major metropolitan areas.
For more information visit www.krollfactualdata.com.