TransUnion Teams Up with Filogix on Mortgage Risk Prediction

TransUnion has formed a distribution agreement with Filogix Limited Partnership to deliver credit reporting services to the mortgage origination industry, providing them with a valuable option in managing their credit risk portfolios. The announcement was made today at the annual CIMBL Canadian Mortgage Conference and Expo in Montreal.

Through integration with Filogix mortgage origination technologies, TransUnion will greatly expand its distribution channel for credit reporting services to the Canadian mortgage broker industry. Before this partnership was solidified, the industry had limited choices available to effectively manage risk and mortgage portfolios.

"With additional TransUnion data resources at their fingertips, our customers will have a deeper and clearer understanding of their customer base at exactly the right time," said TransUnion's Derrick Breau, vice president of sales and marketing "This competitive option in the marketplace, coupled with the ease of use of Filogix mortgage origination systems, is a win-win for our customers that have been asking for additional data resource alternatives."

Filogix Limited Partnership is Canada's leading technology provider to the mortgage and real estate industries. Filogix products and services are used by financial institutions, private lenders, mortgage brokers and real estate professionals to facilitate, organize, process and streamline transactions, making it a more cost-effective, organized and productive process. Using Filogix mortgage origination systems, mortgage originators will be able to request TransUnion's credit information, route it to a financial institution for review and get the results back to continue with the loan approval process within a matter of seconds.

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