TransUnion's Real Estate Services Division Bolsters Post-Closing Solution Offering

WILMINGTON, Del.--(BUSINESS WIRE)--Aug. 31, 2004--TransUnion Settlement Solutions, a subsidiary of leading global information solutions company TransUnion, today announced the acquisition of Denver-based AccuPost Corp., a technology and outsource services provider of post-closing solutions. The terms of the deal were not disclosed.

TransUnion Settlement Solutions offers customers a single point of access to services for every stage of the loan origination process and servicing lifecycle. This acquisition allows TransUnion Settlement Solutions to enhance and extend its suite of post-closing services by leveraging AccuPost's existing platform to deliver mortgage assignment and release processing, document retrieval, portfolio due diligence, document imaging and government insuring services.

“We are delighted with the opportunity to be part of an industry leading organization such as TransUnion Settlement Solutions.”

"The addition of AccuPost's solutions bring our customers enhanced value in the residential mortgage process," said Rick Lynch, president of TransUnion Settlement Solutions. "Lenders now have an even more robust solution to help them increase productivity, achieve higher acceptance ratios of their collateral files and insure documents more efficiently."

The acquisition also addresses the current post closing needs of subprime, direct and wholesale lenders whose large broker networks create challenges for lenders and trustees trying to maintain a chain of title. In the wake of the 'refi boom,' addressing trailing documents' issues represents a commitment of vast amounts of valuable resources. The joint solution provides lenders an efficient and manageable way to address post closing title issues.

"By harnessing the power of our combined capabilities and expertise, mortgage lenders will feel the results of a more comprehensive solution," said Dick Solheim, chief executive officer of Denver-based AccuPost Corp. "We are delighted with the opportunity to be part of an industry leading organization such as TransUnion Settlement Solutions."

About TransUnion

TransUnion is a leading global information solutions company that customers trust as a business intelligence partner and commerce facilitator. TransUnion offers a broad range of financial products and services that enable customers to manage risk and capitalize on market opportunities. The company uses leading-edge technology coupled with extensive analytical capabilities to combat fraud and facilitate credit transactions between businesses and consumers across multiple markets. Founded in 1968, Chicago-based TransUnion employs 4,100 associates that support clients in 29 countries. Visit us at www.transunion.com.

TransUnion delivers its real estate settlement services through its subsidiary, TransUnion Settlement Solutions, a premier provider of best-in-class information and process management solutions to the residential lending industry. For more information about TransUnion Settlement Solutions, visit www.transunionssi.com or call 1-888-299-8787.