Jersey City, N.J.-based ISO has acquired AppIntelligence, a provider of Web-based analytic tools designed to identify and detect fraud in the residential mortgage industry.The terms of the deal were not disclosed. ISO is a provider of products and services that help measure, manage, and reduce risk. It provides data, analytics, and decision-support systems to professionals in many fields, including insurance, finance, real estate, health services, government, and human resources. AppIntelligence, Weldon Spring, Mo., has over 600 mortgage customers, the company says, and its products are designed to target the prequalification, processing, underwriting, quality control/quality assurance, and compliance phases of the mortgage-lending process. The companies can be found on the Web at http://www.iso.com and http://www.appintelligence.com.
