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Kroll Factual Data and Bluebook Announce Mortgage Technology Agreement

by Business Wire - May 31,2006

LOVELAND, Colo. & LAKE FOREST, Calif.--(BUSINESS WIRE)--May 31, 2006--Kroll Factual Data, Inc., a subsidiary of Kroll Inc. and a leading provider of customized mortgage services, and Bluebook International, Inc., the industry leader in residential cost analysis and value reports, today announced an agreement that gives Kroll Factual Data clients access to Bluebook's proprietary web-based tool for estimating the replacement costs of a residential structure.

Kroll Factual Data's new service, called Estimated Replacement Cost, further expands its full suite of mortgage settlement services. Ordered directly from Kroll Factual Data's web-based platform, Estimated Replacement Cost uses the most extensive data sources available to help lower a lender's risk by verifying the client's insurance coverage. The resulting report also helps lenders meet new Federal National Mortgage Association (FNMA) guidelines by providing accurate cost information based on current industry rates.

"Having the ability to offer clients an accurate tool for evaluating residential structure replacement costs is key in providing a total solution to our clients," said James Donnan, president of Kroll Factual Data. "Our new service gives us the ability to offer lenders the most robust and easy-to-use tool available in the mortgage industry. The addition of this service reinforces our leadership in offering a complete loan support service package."

"We are excited about the opportunity to integrate Bluebook's InsureBASE replacement cost application into Kroll Factual Data's platform," said Dan Josipovich, chief operating officer of Bluebook. "Kroll's customers will benefit from the critical structural analytics provided by its new Estimated Replacement Cost service."

About Kroll Factual Data

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. Founded in 1985, Kroll Factual Data is a subsidiary of Kroll Inc., the world's leading risk consulting company.

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.

About Bluebook

Bluebook International, Inc. provides accurate "on demand" residential cost analysis and value reports for nearly 91% of the nation's single family residences. Users can easily determine replacement, actual cash value, depreciation, structure value, property risk and repair costs affordably within minutes from a single source. Bluebook's proven solutions reduce cycle time, enhance productivity and mitigate risks for the property and casualty insurance industry, residential real estate, lending and related services markets.

Bluebook's web services solutions is an industry first technology that readily integrates with client systems using award winning technology and standards. For more information, visit www.bluebook.net.

Contacts
Kroll
Jodie Rosenbloom, 212-833-3464
jrosenbloom@krollworldwide.com

_________________________________________

© Business Wire 2006


 

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