TransUnion Aims At Acquisition

July 16, 2002

Credit Bureau Subsidiary To Add Document Preparation, Signing Co.


Inman News Features

TransUnion Settlement Solutions is expected to announce an acquisition in the document preparation and signing arena tomorrow in an effort to enhance its residential lending products line, according to Tom Trayser, a spokesperson for the company with media relations firm Hill and Knowlton in Chicago.

Trayser did not disclose the identity of the company being acquired or reply to a request for more information about the acquisition.

The anticipated acquisition is "another milestone in TransUnion's drive to ensure that its residential lending customers receive the highest standard of service throughout the loan origination process," Trayser wrote in an e-mail message.

TransUnion Settlement Solutions is a subsidiary of consumer credit reporting bureau TransUnion. The subsidiary provides loan-closing systems that automate preparation and delivery of loan documents. TransUnion provides credit reports, risk and profitability models, credit approval assessment, fraud prevention, portfolio management and target marketing systems, among other information-related products and services.

Copyright: Inman News Service