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Factual Data Provides Software for Mortgage Services
Via Freddie Mac's Goldworks Web Site
LOVELAND, Colo., Sept. 16 /PRNewswire/ -- Factual Data Corp. (Nasdaq: FDCC - news, FDCCW - news), a national
provider of customized information services to the mortgage and consumer lending, employment, and the real estate rental
markets, announced today that it has become the first industry service provider to offer proprietary software on Freddie Mac
[NYSE:FRE - news]'s GoldWorks(R) network via a link from the GoldWork's homepage. This is the first relationship to utilize
the existing GoldWorks' web site to download proprietary software for ordering and receiving mortgage services.
As a value added service available to 1200+ GoldWorks users, Factual Data will be able to deliver merged, merged plus and
RMCR reports. Completed reports will be returned with increased reliability and speed. GoldWorks is an industrial strength,
value added network with an emphasis on security, availability and reliability. GoldWorks provides local dial access from more
than 450 cities in the United States and dedicated lease line connectivity.
''We are pleased to have Factual Data as one of our 190 GoldWorks' service providers,'' said Griff Straw, Director of
Marketing-New Business for Freddie Mac. ''Factual Data's technology combined with GoldWorks reliability and speed have
created another shop in the GoldWorks' electronic mall.''
Ron Carlson, Factual Data's National Director of Product Development stated, ''We are proud to be a part of the GoldWorks
network and the first to offer GoldWorks subscribers the capability of downloading software via the GoldWorks web site. For
the first time in the industry, there is a secure high speed network for transferring credit information. GoldWorks provides all
users with performance and reliability in a secure and managed environment. Future plans for the Factual Data web site on
GoldWork's will include offering Factual Data's employment and tenant screening software.''
Factual Data Corp., is a Loveland, Colo.-based information services provider to the mortgage and consumer lending industries,
employers, landlords and other business customers located throughout the United States. The Company markets its services
nationally through 45 combined locations, including Company operated offices, franchisees and licensees. The Company is in
the process of implementing a consolidation plan in the MCR business. Factual Data's initial public offering took place in May
1998 and its common stock and warrants trade on the Nasdaq Small Cap Market under the symbols FDCC and FDCCW.
Freddie Mac is a stockholder-owned corporation charted by Congress in 1970 to create a continuous flow of funds to
mortgage lenders. By supplying lenders with money to make mortgages and packaging the mortgages into marketable securities,
Freddie Mac sustains a stable mortgage credit system and reduces the mortgage rates paid by home buyers. Over the years,
Freddie Mac has opened doors for one in six home buyers in America and two million renters.
SOURCE: Factual Data Corp. |
