London Bridge and Fair Isaac Forge New Partnership (collections)

London Bridge and Fair Isaac Forge New Partnership

http://www.collectionindustry.com/index.cfm?id=8&news_type=1&news_id=9565

May 28, 2003 — A new agreement has been reached between US-based analytic solutions provider Fair Isaac and UK-based software and web solutions provider London Bridge Group to provide a joint bad debt management and recovery service.

While London Bridge Group will be supplying its collections and recovery software to the joint venture, Fair Isaac is providing predictive modelling services and integrating its Fair Isaac Blaze Decision System software. The combination of products and services from the two companies is designed to enable customers to create and manage their debt collection strategies with more advanced comparison and testing of champion/challenger strategies and easier modification of policy guidelines.

For this complete story, please visit London Bridge and Fair Isaac Forge New Partnership.

Source: Credit Risk International

When you order your credit reports and/or scores from Fair Isaac, they WILL use/sell/share any and all data provide by you during ordering or by the bureaus in your reports.

Of course the same is true when ordering directly from the bureaus, but I wasn't aware of Fair Isaac's policy until I just read their privacy policy.

You get some very limited protection by opting out at the time of order, but if I had collectors hounding me, I would NOT order from Fair Isaac.

http://na.london-bridge.com/pubs/AIR_Credit-BridgeLink-Diamond_press_release_8.20.03.pdf

August 20, 2003 — ATLANTA, GA - London Bridge Group, a major global provider of intelligent business software and eCommerce solutions, announces that AIR Credit Reporting, Inc., (AIR) one of the nations leading independent bundled mortgage services companies based in Owings Mills, Maryland, has joined the growing list of leading service providers currently offering services through London Bridge Group’s eCommerce network, BridgeLink™ to provide credit reporting and flood certification services to London Bridge Group’s LOS customers. The BridgeLink network is an XML-based technology solution that allows for easy system-to-system integration with service providers offering seamless communication and a bi-directional exchange of information and services. Diamond™ is a web-based, comprehensive loan origination solution providing streamlined functionality for mortgage lenders assisting them from point-of-sale through secondary marketing and post-closing. TMO™ is a London Bridge Group origination system that supports 12 of the top 100 leading mortgage lenders with its stability and powerful toolkit functionality.

AIR will provide its credit reporting services and flood certification services (from its AIR Flood Services division) to London Bridge Group’s Diamond and TMO customers. Credit report and flood certification requests are automatically routed to AIR’s system using the strongest available security technologies. All results are available for review before being electronically posted to the Diamond or TMO database. This efficient connectivity eliminates re-keying of data, which results in increased data integrity, in addition to ensuring timely credit report and flood certification returns.



“AIR’s interfaces with London Bridge will offer our clients increased processing speed and reduce our clients overall labor costs,” said President at AIR, Lynn Friedman. “Our technology and expertise, coupled with London Bridge Group’s mortgage lending systems, enables us to accomplish our clients’ end goal...to close loans with greater speed and efficiency.”

“London Bridge Group is pleased to announce its continued relationship with AIR Credit Reporting,” said Vice President of Product Delivery for the Mortgage Division of London Bridge Group, Reggie Swiney. “AIR will provide quality credit reporting and flood certification services, state of the art technology and excellent customer service to our mutual customers, assisting them in increasing overall efficiencies.”

AIR joins the growing list of premier service providers offered via the BridgeLink network. The integration with AIR’s credit reporting and flood certification services will benefit both Diamond and TMO clients and provide an easy, fast and secure way for lenders to obtain credit reports and flood certifications using the Internet.

AIR Credit Reporting, Inc. will be exhibiting and demonstrating its credit reporting and flood certification technologies at the London Bridge Group Mortgage User Conference in Scottsdale, Arizona, August 24–27, 2003.

About AIR Credit Reporting, Inc.
AIR Credit Reporting, Inc. (AIR) is a technology and customer service focused company that provides solutions to the mortgage lending and real estate industries. Through AIR's state of the art processes and superior customer service, AIR has grown as a leading provider in the real estate information services industry. AIR Credit Reporting, Inc.'s mission is to provide next generation mortgage services to the mortgage lending industry by bundling real estate services via state of the art technology and ordering processes, thus providing our customer's with the ability to close loans more efficiently and effectively. AIR has developed proprietary technology that enables users to retrieve vital lending data via an Internet-based system, as well as integration with existing legacy and front-end origination systems. AIR prides itself in providing lenders a complete mortgage services solution.

For more information on AIR’s products and services, contact Sylvan Friedman, CEO/Director of Marketing, at sylvan@aircredit.com, 800.945.1003, cell 443.463.4466 or fax 800.947.1003 or Lynn Friedman, President, at lynn@aircredit.com or 443.992.6705. Please visit the company website at www.aircredit.com.

About London Bridge Software Holdings plc
London Bridge Group has over 1200 customers worldwide and provides a comprehensive and unique portfolio of software and eCommerce solutions including Customer and Enterprise Management Software, Intelligent Banking Software, Credit Management Software and Mortgage Lending software. In the world of Mortgage Lending, London Bridge Group offers solutions to streamline and enhance the entire loan process from Origination through Servicing, Default Management and Construction Lending.

For additional information on London Bridge Group’s products and services, contact Reggie Swiney at 3550 Engineering Drive, Suite 200, Norcross, Ga. 30092, rswiney@lbss.com or 770.810.8204. Please visit the company’s Web site at www.london-bridge.com or www.bridgelink.com.



Source: Company Press Release