AppraisalTrac(TM) is Integrated with Basis100 Solimar Valuation Technology

Apr 24, 2001, 01:00 ET from Basis100 Inc.

    CONCORD, CA, April 24 /PRNewswire/ - Dattar Systems, Inc., an e-commerce
 solution provider, announced today the integration of AppraisalTrac(TM), its
 Web-based collateral services workflow application, and Basis100 Inc.'s (BAS:
 TSE) Solimar Valuation Technology for automated property valuations.
     The integration enables AppraisalTrac, used by lenders to improve
 workflow, to seamlessly interface with Basis100's automated property valuation
 technology. The interface allows lenders access to Solimar Technology
 valuations as part of their everyday AppraisalTrac use.
     "The addition of an automated valuation interface allows our system users
 access to technology that helps speed up the loan origination process without
 sacrificing property value confidence," said Dattar CEO Karl Dattar. "After
 extensive review of the choices in automated valuation, we're confident that
 Solimar Valuation Technology provides the most accurate coverage nationally."
     AppraisalTrac(TM) is a collateral services workflow application that
 offers the benefits of a collaborative Web workspace for Lenders and their
 service partners. Dattar Systems' dynamic delivery methodology makes it
 possible for Lenders to have their own customized workflow application and
 database operating in as little as one week.
     By combining statistical correlation, appraisal emulation and price
 indexing, Basis100's Solimar Technology generates accurate property valuations
 in real time via the Internet. Solimar Technology reaches approximately 85
 percent of the residential properties in the United States, providing
 valuations for more than 90 million homes.
     "Dattar's AppraisalTrac allows lenders to streamline workflow, increasing
 efficiency in loan processing," said Basis100 Chairman and CEO Gary
 Bartholomew. "Our technology was developed with many of the same goals in mind
 and its integration with AppraisalTrac offers Lenders another avenue to access
 Solimar Technology for fast, accurate automated valuations."
     Because AppraisalTrac(TM) was developed from the ground-up to run on the
 Internet, it is secure, reliable and can be accessed through any browser. The
 only requirement to use AppraisalTrac(TM) is access to the Internet.
 
     About Dattar Systems, Inc.
     Dattar Systems, Inc. is located in Concord, California. The company
 provides information technology to the financial, communications and software
 sectors. For additional information on AppraisalTrac(TM) or Dattar Systems,
 Inc. visit their web site at http://www.appraisaltrac.com or
 http://www.dattar.com.
 
     About Basis100
     Basis100 is a leading e-commerce technology solution provider for
 financial institutions and service providers enabling them to build,
 distribute, buy and sell their products and services in new ways. Basis100 is
 focused on the mortgage origination, consumer credit, fixed income trading and
 service vendor markets across North America. For more information about
 Basis100, visit www.Basis100.com.
 
 
 

SOURCE Basis100 Inc.
    CONCORD, CA, April 24 /PRNewswire/ - Dattar Systems, Inc., an e-commerce
 solution provider, announced today the integration of AppraisalTrac(TM), its
 Web-based collateral services workflow application, and Basis100 Inc.'s (BAS:
 TSE) Solimar Valuation Technology for automated property valuations.
     The integration enables AppraisalTrac, used by lenders to improve
 workflow, to seamlessly interface with Basis100's automated property valuation
 technology. The interface allows lenders access to Solimar Technology
 valuations as part of their everyday AppraisalTrac use.
     "The addition of an automated valuation interface allows our system users
 access to technology that helps speed up the loan origination process without
 sacrificing property value confidence," said Dattar CEO Karl Dattar. "After
 extensive review of the choices in automated valuation, we're confident that
 Solimar Valuation Technology provides the most accurate coverage nationally."
     AppraisalTrac(TM) is a collateral services workflow application that
 offers the benefits of a collaborative Web workspace for Lenders and their
 service partners. Dattar Systems' dynamic delivery methodology makes it
 possible for Lenders to have their own customized workflow application and
 database operating in as little as one week.
     By combining statistical correlation, appraisal emulation and price
 indexing, Basis100's Solimar Technology generates accurate property valuations
 in real time via the Internet. Solimar Technology reaches approximately 85
 percent of the residential properties in the United States, providing
 valuations for more than 90 million homes.
     "Dattar's AppraisalTrac allows lenders to streamline workflow, increasing
 efficiency in loan processing," said Basis100 Chairman and CEO Gary
 Bartholomew. "Our technology was developed with many of the same goals in mind
 and its integration with AppraisalTrac offers Lenders another avenue to access
 Solimar Technology for fast, accurate automated valuations."
     Because AppraisalTrac(TM) was developed from the ground-up to run on the
 Internet, it is secure, reliable and can be accessed through any browser. The
 only requirement to use AppraisalTrac(TM) is access to the Internet.
 
     About Dattar Systems, Inc.
     Dattar Systems, Inc. is located in Concord, California. The company
 provides information technology to the financial, communications and software
 sectors. For additional information on AppraisalTrac(TM) or Dattar Systems,
 Inc. visit their web site at http://www.appraisaltrac.com or
 http://www.dattar.com.
 
     About Basis100
     Basis100 is a leading e-commerce technology solution provider for
 financial institutions and service providers enabling them to build,
 distribute, buy and sell their products and services in new ways. Basis100 is
 focused on the mortgage origination, consumer credit, fixed income trading and
 service vendor markets across North America. For more information about
 Basis100, visit www.Basis100.com.
 
 
 SOURCE Basis100 Inc.