TransUnion Settlement Solutions Partners With Mortgage Risk Assessment Corp. To Distribute Home Price Analyzer.Business Editors CHICAGO & WILMINGTON, Del.--(BUSINESS WIRE)--Oct. 15, 2001 TransUnion Settlement Solutions, a premier provider of settlement solutions to the residential lending industry, today announced an association with Jersey City, N.J., based Mortgage Risk Assessment Corp. (MRAC MRAC Musée Royal de l'Afrique Centrale (French) MRAC Manitoba Rural Adaptation Council (Canada) MRAC Medium Resource Allocations Committee MRAC Model-Referencing Adaptive Control ) to distribute MRAC's Home Price Analyzer analyzer /ana·ly·zer/ (an´ah-li?zer) 1. a Nicol prism attached to a polarizing apparatus which extinguishes the ray of light polarized by the polarizer. 2. product. Home Price Analyzer, one of the top automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. valuation models in the industry, dramatically enhances a lenders ability to make online, real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. loan decisions while reducing the time and cost associated with traditional valuation products. "The addition of Home Price Analyzer to our current suite of property valuation solutions provides our lenders with an additional opportunity to value a property quickly, accurately, and cost effectively," said TransUnion Settlement Solutions president Rick Lynch. Home Price Analyzer is a cost-effective way for lenders to determine the market value of a home in seconds as opposed to the days or weeks required in other valuation approaches. The product returns an estimated property value, an accompanying accuracy score, neighboring neigh·bor n. 1. One who lives near or next to another. 2. A person, place, or thing adjacent to or located near another. 3. A fellow human. 4. Used as a form of familiar address. v. property characteristics - including sales dates and amounts - to give a near complete picture of the property in question. This information is all returned online, in seconds, to the lender's desk thereby increasing efficiencies and lowering costs. "We are excited to partner with TransUnion Settlement Solutions and utilize their superior network of staff and resources to increase the use of the Home Price Analyzer model among lenders nationwide," said Doug Bendt, president, Mortgage Risk Assessment Corp. The agreement with MRAC was officially signed August 30, 2001 and the Home Price Analyzer is already being used among TransUnion Settlement Solutions customers. For more information about TransUnion Settlement Solutions products or services, visit the company on the Internet at www.transunionssi.com or call 1-888-299-8787. TransUnion LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control is a leading global information solutions company that customers trust as a business intelligence partner and commerce facilitator. TransUnion offers accurate and reliable financial data through a broad range of products and services that enable customers to manage risk and capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. market opportunities. The company uses leading-edge technology coupled with extensive analytical analytical, analytic pertaining to or emanating from analysis. analytical control control of confounding by analysis of the results of a trial or test. capabilities to prevent fraud and facilitate credit transactions between businesses and consumers across multiple industries and channels, including the Internet. Founded in 1968, Chicago-based TransUnion employs 4,000 associates that support clients in 24 countries. Visit us at www.transunion.com. TransUnion's real estate services are delivered through its subsidiary, Settlement Solutions, Inc. |
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