LandSafe Offers “Merged” Credit Reports Via Internet

Pasadena, CA-based LandSafe Credit
said that in conjunction
with IBM, it plans a user-friendly
“merged” credit report, available over the
Internet to the mortgage finance industry.

Using information from the nation’s three largest credit bureaus–Equifax,
Experian and TransUnion–LandSafe’s proprietary merge engine creates a
single credit report. Advantages of the resulting information include extreme
dependability, timely data and a format that meets the needs of both mortgage
lending professionals and their computer systems, the company said. The
technology will be offered under the name LandSafe Credit or customized for
clients’ use under their own “private label.”

“LandSafe brings technological superiority and mortgage industry expertise to
credit report production,” said Brian Hershkowitz, LandSafe Credit president.

“This new product uses a merge engine that delivers fast and dependable
information. Home loan decision-makers will benefit from the custom analytics
and automated risk rating capabilities. . .”

The system was developed using IBM business intelligence solutions that
incorporate state-of-the-art e-commerce principles.

“LandSafe’s business
intelligence solution enables mortgage brokers to make smarter, faster
decisions anywhere, anytime,” said Ben Barnes, general manger of IBM’s Global Business Intelligence Solutions. “The
solution combines powerful AS/400 server engines with Java advanced data
analysis software to speed mortgage approvals.”

Founded in 1994, LandSafe services include title insurance, escrow services,
credit reporting, property appraisals, flood determination, and home
inspections for residential mortgage transactions.

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