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PRESS RELEASE


New Collateral Risk Solution

Kroll Factual Data Announces Expansion of its Risk Detection Products



 
LOVELAND, Colo. -- (Oct. 2, 2006) Kroll Factual Data, a subsidiary of Kroll Inc. and a leading provider of customized mortgage services, today announced an expansion of its suite of risk detection tools, including the recent release of its collateral risk solution, CollateralFacts(SM), which evaluates property flipping, over-valuated appraisals, and ownership and title issues.

Expanding on its successful TruAlert USA Patriot Act compliance solutions, Kroll Factual Data has appointed a dedicated development team comprised of product designers, architects, analytical experts, process specialists and sales managers with experience in risk mitigation. The team is developing a suite of services that analyze the loan application and fulfillment process for detection of potential fraud perpetrated by the applicant or by additional participants active in the loan process. The tools will also identify potential fraud as a result of collateral misrepresentation. Clients will be able to order each product in this suite as a stand-alone service or as a complete package.

"CollateralFacts(SM) is the first component in our full suite of customizable risk mitigation products that aim to assist clients in the evaluation and management of their lending risks," said James Donnan, president of Kroll Factual Data. "Financial institutions will find that these tools are an excellent addition to Kroll's investigative and compliance and integrity services."


SOURCE: Kroll Factual Data

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