ISO has acquired AppIntelligence, a provider of Web-based analytic tools designed to identify and detect fraud in the residential mortgage industry.
More than 600 customers of the Weldon Spring, Mo.-based company use AppIntelligence products in the prequalification, processing, underwriting, quality control/quality assurance and compliance phases of the mortgage-lending process.
The companies said customers will not experience any service disruption from the transfer of AppIntelligence’s control.
Terms of the deal were not disclosed.
ISO provides products and services that help measure, manage and reduce risk in the insurance, finance, real estate, health services, government and human resources industries. Professionals use ISO’s databases and services to classify and evaluate a variety of risks and detect potential fraud.
***
Send tips or a Letter to the Editor to jessica@inman.com or call (510) 658-9252, ext. 133.
