INFO1 Partners with Transamerica
INFO1 Holding Company, a national provider of credit information for the mortgage industry, has formed a strategic alliance with Transamerica Flood Hazard Certification, one of the nation's largest flood zone determination companies. Under the agreement, INFO1 will resell Transamerica's flood determination services.
INFO1 is the only credit reporting firm licensed to resell TFHC products, the company said, including its new eFlood product, an Internet-based flood system with account management functions that allows users to access flood zone determination information over the Web.
Under its strategic direction, "we are targeting the small to mid-sized lending market, which is already a part of INFO1's well-developed relationship network," said Thomas P. Della Torre, president and COO of TFHC. "Leveraging INFO1's access to those lenders will assist us greatly in reaching that market."
The TFHC database contains more than 110 million properties, which gives it an 86% hit rate, the company claims. Transamerica says more than 93% of all inquiries are completed and returned in less than one hour.
INFO1 will also offer other Transamerica Flood services, including audits of the flood hazard status for portfolios of existing loans.
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