| LOUISVILLE, February
20,
2001—U.S. Determination Services (USDS), a
division of PCi Corporation and leader in flood zone
determination services, and National Innovative Software Solutions
(Innovative), the leading provider of credit bureau technologies,
have signed an agreement to integrate USDS’ flood products into
Innovative’s mortgage reporting tools.
Under
the agreement, credit reporting agencies will be able to provide
mortgage companies with USDS flood products via Innovative’s
mortgage credit delivery technologies or through USDS’ FloodWiz(TM)
family of products. As
authorized USDS resellers, Innovative’s clients will receive
competitive wholesale pricing on flood reports, as well as full
support of their mortgage company clients from USDS’ customer
service center.
“We’re
excited to further build out our mortgage reporting solutions,”
said Robert Brotzge, Innovative’s president.
“This mutually-beneficial agreement will give our clients
an additional revenue source, while USDS gets a sizable new
nationwide distribution channel.”
The
initial phase of the agreement will make USDS’ services available
via Innovative’s MortgageReports.net web sites and accessed from
menus in Internet Express mortgage credit software.
Credit reporting agencies will provide their clients with
unique login names and passwords to allow them to access the USDS
flood engine.
Later
this year, USDS’ XML-based technology will be fully integrated
with Innovative’s VANtage Point mortgage network, allowing users
to order and receive both credit and flood reports via any of
Innovative's
delivery vehicles.
U.S.
Determination Services President Sean DePamphilis noted that
"these kinds of relationships are at the forefront of banking
technology today.
USDS is looking forward to coupling it's technology and
service within the unique structure developed by Innovative
Solutions."
About U.S.
Determination Services
USDS is a wholly owned subsidiary of PCi Corporation, creators of
CRA Wiz(TM)
and Fair Lending Wiz(TM),
the most respected compliance management tools in the banking
industry. PCi has been
serving the banking community since 1990, providing software to such
varied organizations as the Office of the Comptroller of the
Currency, the Office of Thrift Supervision, the Department of
Justice, Freddie Mac, and the majority of U.S. banking institutions.
Currently, over 85% of the top 100 banks in the nation are
members of the Wiz family of users.
About Innovative
Software Solutions
National Innovative Software Solutions is a Louisville, Kentucky
based provider of information technologies serving a nationwide
network of consumer-reporting professionals and their clients.
The company’s VANtage Point network connects data
providers, reporting agencies and mortgage lenders for integrated,
cost efficient e-commerce. Its
MortgageReports.net web technology gives credit reporting agencies
private-labeled client solutions and a neutral-branded central site
at www.MortageReports.net. For
more information about Innovative Software Solutions, visit
www.issnetwork.com.
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