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Factual Data Corp. and AppIntell, Inc. Partner to Provide DISSCOScan, The Most Comprehensive Fraud Detection Service in the Mortgage Industry

LOVELAND, CO (April 9, 200) -- Factual Data Corp., (FDCC) , announced today a strategic partnership with AppIntell, Inc. to provide DISSCOScan, the most comprehensive pre-funding or post funding Internet-based fraud solution in the lending industry. DISSCOScan includes AppIntell's DISSCO Scoring model, Valverify property valuation and Factual Data Corp.'s CreditScan fraud and identity theft model as well as 1 to 3 credit scores and credit reports.

AppIntell's systems are built with the best rules-based technology and neural network intelligence and are deliverable in 15 seconds combined with Factual Data's online merged credit reports and CreditScan fraud and identity theft technology.

"This service offering and partnership has blended the best fraud products available on the market today to provide a technological solution to the rapidly increasing problem of fraud in mortgage lending at a price point that is now affordable to all lenders. DISSCOScan will significantly reduce lenders costs in the area of risk exposure concerning buy-backs, loss mitigation costs and monetary losses due to loans funded that included fraud before underwriting. We are very excited about this service offering and see it as a tremendous opportunity for expansion into new markets," said Dave Vinson, chief sales officer for Factual Data Corp.

"Wholesalers, warehouse lenders, mortgage insurers and investors recognize the added value of pre-verified application and property value information combined with credit rating reviews to enhance the performance of their portfolios and reduce losses," said Steve Halper, AppIntell CEO. "With a fraction of the time and cost historically spent on due diligence, our combined products will streamline the online origination process. Our goal is to meet the mortgage industry's demand for the use of online high tech solutions delivered in a secure environment," continued Mr. Halper.


MortgageDaily.com
SOURCE:
Factual Data Corp.

About Factual Data Corp.:
Factual Data Corp. provides a wide range of customized information services to businesses across the United States that assist them in making critical decisions, such as determining whether to make a mortgage or other loan, offer employment, accept new tenants, or enter into a business relationship. Factual Data specializes in providing customized mortgage credit reports and other mortgage related services, consumer credit reports, commercial credit reports, employment screening, and resident screening.

Factual Data Corp.'s customers include mortgage lenders and independent mortgage brokers, consumer lenders, employers, landlords, and other business customers desiring information regarding credit worthiness and other matters. Factual Data is an industry leader in delivering its products over the Internet and in utilizing technology and customer service to provide its services with the speed, reliability, accuracy and customization increasingly demanded. Factual Data markets its services through its website, www.factualdata.com , and nationally through offices located in major metropolitan areas. Factual Data's common stock trades on the NASDAQ National Market under the symbol FDCC. For more information visit www.factualdata.com .

About AppIntell, Inc.:
AppIntell is the first mortgage services provider to offer web based real time data integrity (fraud) filter systems. AppIntell currently processes over $2.5 billion in loans per month through its online verification systems. The services that AppIntell offers include fraud detection system development, file review processes, training, quality control, due diligence, claim mitigation and property valuations. Over the past seven years, AppIntell's fraud detection systems and personnel have reviewed some of the largest fraud cases in mortgage lending history. AppIntell has provided fraud training for the FBI, Secret Service, Investor Agencies and numerous lenders. AppIntell systems designers have leveraged its unparalleled fraud investigative experience into developing the most accurate fraud application and appraisal detection systems available.

"Safe Harbor" Statements under the Private Securities Litigation Reform Act of 1995 -- With the exception of historical information, the matters discussed in this press release are forward looking statements that involve a number of risks and uncertainties. Factual Data's actual results could differ significantly from those statements. Factors that could cause or contribute to such differences include, but are not limited to, changes in interest rates; strength of market demand for Factual Data's services; the effects of seasonality in the housing market; competition; the success of Factual Data's consolidation plan; Factual Data's ability to manage growth; and Factual Data's ability to successfully develop and market new report services. Please refer to documents that Factual Data Corp. files from time to time with the Securities and Exchange Commission for a discussion of certain factors that could cause actual results to differ materially from those contained in the forward-looking statements.

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