Fidelity National Financial's Hansen Quality Introduces Collateral Risk Screening Tool

October 18, 2004

JACKSONVILLE, Fla., /PRNewswire-FirstCall/ -- Hansen Quality, a division of Fidelity National Financial, Inc. (NYSE: FNF) and a premier provider of collateral valuation and appraisal review products, announced today its launch of Insight, a Web-based screening tool created to identify hidden collateral risks at origination level and in secondary market transactions. The solution combines Fidelity's strength in data and analytics to assess risk based on factors such as REO activity, recent number of flips and high property turnover volumes in an area.

Insight's electronically formatted reports provide clients with a summary, as well as a wide range of raw data for further analysis. The detailed data includes a 10-year transaction history of the subject property, fifteen comparable neighborhood sales, along with a cluster of properties located within close proximity, regardless of sale prices. This combination of information is used to determine risk based on property type, ownership and values surrounding the subject property. The risk assessment translates into a rating that indicates the likelihood the subject property is viable collateral for a loan. Each rating is accompanied by a recommendation for further due diligence if necessary.

"With fraudulent activity on the increase, detecting suspicious activity surrounding a subject property is becoming increasingly important," said Bruce Brown, SVP of Hansen Quality. "We are very excited to provide mortgage lenders with a comprehensive solution to mitigate collateral risk," said Brown.

With reports ranging from $2.00 to $7.00 each, Insight has been developed for large-scale use as an initial collateral risk assessment tool.

Source: Fidelity National Financial, Inc.


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