Kroll Factual Data Buys Mortgage Credit Firm

Kroll Inc. has announced that its mortgage screening subsidiary, Kroll Factual Data Inc., Loveland, Colo., has acquired The Credit Network Trust, a mortgage credit reporting company, for $20.5 million in cash.The acquisition is expected to add $0.03 to Kroll's earnings per share in 2004, the New York-based global risk consulting company said. TCN, which is based in Framingham, Mass., and has operations in Lyndonville, Vt., is expected to generate 2004 revenues of $16.3 million, Kroll said. "This acquisition has the strategic benefit of broadening our client base and revenues in the lender and wholesaler side of the mortgage lending business, which will further balance our revenues across all key segments of the industry," said James Donnan, president of Kroll Factual Data. Kroll Factual Data, a provider of merged mortgage credit reports and other customized business information services, can be found online at http://www.krollfactualdata.com.