Sterling Buys Reseller of Mortgage Credit Reports

Sterling Testing Systems Inc., an employment screening services company based in New York, has announced the acquisition of the primary assets and customers of Automated Information Services Inc., a reseller of mortgage credit reports, and the formation of a new subsidiary to market mortgage credit reporting products.The terms of the deal were not disclosed. The new subsidiary, Sterling Credit Screening Inc., will market credit reports to mortgage lenders, mortgage brokers, banks, and credit unions, Sterling said. AIS's customer service and operations staff will join Sterling Credit Screening in New York. The companies can be found on the Web at http://www.sterlingtesting.com and http://www.automatedinfo.com.