Factual Data to Provide Basis100 PASS Valuations

Factual Data customers gain access to Solimar Valuation Technology

powered residential automated property valuations



Apr 18, 2001, 01:00 ET from Basis100 Inc.

    BOOTH 806, 808 at MBA TECHNOLOGY, SAN FRANCISCO, April 18 /PRNewswire/ -
 Basis100 Inc. (BAS:TSE), a leading e-commerce technology solutions provider
 for the financial services industry, announced today at the Mortgage Bankers
 Association's annual Mortgage Technology Conference that Loveland, Colorado-
 based Factual Data Corp. (Nasdaq:   FDCC, FDCCW) will provide Basis100's PASS
 automated valuations to its mortgage broker and lender clientele.
     The agreement follows extensive testing of PASS by Factual Data, which
 chose PASS over competing products. Basis100 already provides PASS automated
 residential property valuations powered by Solimar Valuation Technology to
 more than 650 financial institutions in the United States, including 8 of the
 top 10 equity lenders. Its addition to Factual Data's portfolio of lender
 services enables PASS to be used by Factual Data's customers for a variety of
 purposes, including pre qualification and fulfillment.
     "PASS valuations are a valuable addition to our product line-up,
 providing quick and accurate valuations in a simple to understand format,"
 said Factual Data's Chief Sales Officer DaveVinson. "We've tested Basis100's
 Solimar Valuation Technology for more than a year and truly believe it to be
 the best automated valuation on the market and this relationship continues to
 move toward our goal to provide a complete suite of best of class web based
 solutions."
     "Through partnerships with the top mortgage information providers in the
 industry, such as Factual Data, Basis100's Solimar Valuation Technology is
 being validated as an industry-class property valuation platform," said
 Basis100 Chairman and CEO Gary Bartholomew. "This has not only raised our
 awareness in all our key sales channels, it is an integral part of our growth
 strategy and has meant unprecedented revenue increases for our U.S.
 operations."
     Solimar Technology values each property individually using three
 methodologies. The conclusions generated by these methodologies are
 rationalized by a neural decision engine that generates a final value using
 the most appropriate valuation methodology for each property. Basis100
 receives revenue from each valuation processed using its technology.
 
     About Factual Data Corp.
     Factual Data Corp. is a Colorado-based e-business provider of information
 services to the mortgage and consumer lending industries, employers, landlords
 and other business customers located throughout the United States. The company
 markets its services through its website, www.factualdata.com, and nationally
 through offices located in most major metropolitan areas. Factual Data's
 common stock and warrants trade on the NASDAQ National Market under the
 symbols FDCC and FDCCW. For more information visit www.factualdata.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,
 property valuation and service vendor markets across North America. For more
 information about Basis100, visit www.basis100.com.
 
     Forward-looking (safe harbor) statement
 
     Statements made in this news release that relate to future plans, events
     or performances are forward-looking statements. Any statement containing
     words such as "believes", "plans", "expects" or "intends" and other
     statements which are not historical facts contained in this release are
     forward-looking, and these statements involve risks and uncertainties and
     are based on current expectations. Consequently, actual results could
     differ materially from the expectations expressed in these forward-
     looking statements.
 
 
 

SOURCE Basis100 Inc.
    BOOTH 806, 808 at MBA TECHNOLOGY, SAN FRANCISCO, April 18 /PRNewswire/ -
 Basis100 Inc. (BAS:TSE), a leading e-commerce technology solutions provider
 for the financial services industry, announced today at the Mortgage Bankers
 Association's annual Mortgage Technology Conference that Loveland, Colorado-
 based Factual Data Corp. (Nasdaq:   FDCC, FDCCW) will provide Basis100's PASS
 automated valuations to its mortgage broker and lender clientele.
     The agreement follows extensive testing of PASS by Factual Data, which
 chose PASS over competing products. Basis100 already provides PASS automated
 residential property valuations powered by Solimar Valuation Technology to
 more than 650 financial institutions in the United States, including 8 of the
 top 10 equity lenders. Its addition to Factual Data's portfolio of lender
 services enables PASS to be used by Factual Data's customers for a variety of
 purposes, including pre qualification and fulfillment.
     "PASS valuations are a valuable addition to our product line-up,
 providing quick and accurate valuations in a simple to understand format,"
 said Factual Data's Chief Sales Officer DaveVinson. "We've tested Basis100's
 Solimar Valuation Technology for more than a year and truly believe it to be
 the best automated valuation on the market and this relationship continues to
 move toward our goal to provide a complete suite of best of class web based
 solutions."
     "Through partnerships with the top mortgage information providers in the
 industry, such as Factual Data, Basis100's Solimar Valuation Technology is
 being validated as an industry-class property valuation platform," said
 Basis100 Chairman and CEO Gary Bartholomew. "This has not only raised our
 awareness in all our key sales channels, it is an integral part of our growth
 strategy and has meant unprecedented revenue increases for our U.S.
 operations."
     Solimar Technology values each property individually using three
 methodologies. The conclusions generated by these methodologies are
 rationalized by a neural decision engine that generates a final value using
 the most appropriate valuation methodology for each property. Basis100
 receives revenue from each valuation processed using its technology.
 
     About Factual Data Corp.
     Factual Data Corp. is a Colorado-based e-business provider of information
 services to the mortgage and consumer lending industries, employers, landlords
 and other business customers located throughout the United States. The company
 markets its services through its website, www.factualdata.com, and nationally
 through offices located in most major metropolitan areas. Factual Data's
 common stock and warrants trade on the NASDAQ National Market under the
 symbols FDCC and FDCCW. For more information visit www.factualdata.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,
 property valuation and service vendor markets across North America. For more
 information about Basis100, visit www.basis100.com.
 
     Forward-looking (safe harbor) statement
 
     Statements made in this news release that relate to future plans, events
     or performances are forward-looking statements. Any statement containing
     words such as "believes", "plans", "expects" or "intends" and other
     statements which are not historical facts contained in this release are
     forward-looking, and these statements involve risks and uncertainties and
     are based on current expectations. Consequently, actual results could
     differ materially from the expectations expressed in these forward-
     looking statements.
 
 
 SOURCE Basis100 Inc.