Rapid Reporting and LandAmerica/INFO1 Partner to Combat Identity Theft.

Business Editors

FT. WORTH, Texas--(BUSINESS WIRE)--Sept. 24, 2003

DirectChek Online Identity Verification Provides Means to

Identify a Borrower at the Beginning of the Loan Application Process

Rapid Reporting Verification Company, a national provider of pre-funding income and identity verification products to the mortgage industry, announced that it has formed a partnership with LandAmerica/ INFO1, a national provider of credit information and other related services for the mortgage lending industry, to market DirectChek to LandAmerica/INFO1 customers. This is significant because INFO1 is the first credit reporting company to work with Rapid Reporting to help eradicate identity fraud.

An online identity verification product used by mortgage lenders, DirectChek provides a cost effective and efficient way to confirm the identity of a borrower at the beginning of the loan application process. DirectChek gathers information from the Social Security Administration (SSA) database to verify that the Social Security number provided by an individual matches or does not match the number at the SSA central repository. This type of data is known as authenticated or virgin data. Other companies identify individuals using harvested or usage-based data provided by the individual. That data cannot always be trusted because it only monitors the use of a Social Security number; it does not authenticate it at the source, the Social Security Administration. Rapid Reporting is first company to form a relationship with the Social Security Administration (SSA) for identity verification purposes.

Jeffery Taylor, vice president of business development, said, "We are excited that a company as technology-focused as LandAmerica/INFO1 was interested in bolstering its ability to prevent identity theft for its customers using our DirectChek solution. Today, obtaining credit report information is a first step to verifying an individual's identity; however, it does not supply enough data to be 100 percent certain who someone truly is. This information is a direct result of data supplied by the individual and may or may not be correct. Since this data comes primarily from the individual, its reliability depends upon the individual's honesty and integrity."

Ken Goins, president of LandAmerica/INFO1, said, "We focus on providing our customers with the highest level of customer service and the most innovative technologies. Partnering with Rapid Reporting enables us to offer our customers a service no other credit reporting company has thus far; an added level of security when funding a mortgage loan."

DirectChek has three other identity verification checks in addition to the Social Security number check; the Death Master, the OFAC (Office of Foreign Asset Control) and the Credit Header. The Death Master list contains names and basic information about individuals whose deaths have been reported to the SSA and verifies whether that Social Security number is on the list or not. The OFAC check verifies that the data provided by an individual matches or does not match the name on the U.S. Treasury Department's list of known terrorists, money launderers or drug traffickers. Credit header information provides additional names associated with a Social Security number, and the date range and the state in which the Social Security number was issued, previous addresses, age and birthday of the individual.

Jay Meadows, president and CEO of Rapid Reporting, said, "According to everything written and reported to date, identity theft is the number one crime in the United States and is continuing to grow at an alarming rate. To combat identity theft, lenders need to obtain virgin data, or information that is gathered from public or semi-public sources, such as the Social Security Administration or a state Department of Vital Statistics. We provide that information to our customers. Recently, Rapid Reporting saved one of its customers more than $3 million by identifying fraudulent activity. Attempted identity theft was discovered when a Social Security number provided by an individual trying to obtain the loan did not match the Social Security number provided by the SSA."

About Rapid Reporting

Founded in 1998 and headquartered in Ft. Worth, Texas, Rapid Reporting Verification Company is a national provider of pre-funding income and identity verification products for mortgage lenders to help combat fraud. The company's core offerings are IncomeChek, which is used to verify income, and DirectChek, which meets USA Patriot Act compliance and is used to verify identity. The products operate over a secure, Intranet, Web-based portal, which is audited for security purposes daily. IncomeChek and DirectChek are used by mortgage lenders and provide an efficient and cost effective means to identify a borrower at the beginning of the loan application process.

Rapid Reporting formed and continues to build relationships with government agencies, such as the Internal Revenue Service (IRS) and the Social Security Administration (SSA), to gather electronic data for verification purposes.

For additional information, write Rapid Reporting at 6300 Ridglea Place, Suite 410, Ft. Worth, Texas 76116 or contact the sales department at 888.749.4411. Visit its Web site at www.rapidreporting.com.