Freddie Mac Taps LandAmerica’s Info1(TM) for Mortgage Credit Reporting Services
May 24, 2004
Richmond, Virginia – LandAmerica Financial Group, Inc. (NYSE: LFG), a leading provider of real estate transaction services, through its credit reporting service subsidiary Info1 Holding Company, Inc. (Info1), announces its agreement with Freddie Mac to integrate Info1 directly as an additional credit reporting resource. Specifically, Info1 now offers credit reporting services to mortgage lenders and mortgage brokers using Freddie Mac’s automated underwriting system, Loan Prospector®. This announcement comes at a time when Freddie Mac is unveiling its newly merged credit information processing options.
“We’re pleased to add Info1 to our roster of credit reporting companies easily accessed through our Web-based Loan Prospector service,” said Marcia Davies, Vice President – Product Marketing and Communications for Freddie Mac.
“We are delighted to be added as a new credit information provider to the Loan Prospector system,” added Ken Goins, President – Info1. “Our new relationship with Freddie Mac will allow our company to expand its market share through direct access to Loan Prospector.”
Goins continued, “Our combined technologies will deliver added flexibility and lower cost to Loan Prospector users, because, for the first time, Freddie Mac will be able to access credit reports previously ordered by its clients outside of Loan Prospector by using an Info1 reference number.”
Source: LandAmerica Financial Group, Inc.