RMIC Acquires RealtyLogix; Firm Offers Commercial Real Estate Software Solutions

Apr 12, 2001, 01:00 ET from Republic Mortgage Insurance Company

    WINSTON-SALEM, N.C., April 12 /PRNewswire/ -- Republic Mortgage Insurance
 Company (RMIC), a wholly-owned subsidiary of Old Republic International
 Corporation (NYSE:   ORI), today announced that it has acquired RealtyLogix Inc.
 of Atlanta, a commercial real estate risk management services company that
 provides applications for originating and managing the risk of commercial real
 estate portfolios.
     The acquisition will expand RMIC's activities beyond its core business,
 private mortgage insurance, into the area of commercial real estate finance.
 RealtyLogix is a technology based financial services company providing ASP
 business to business solutions for the commercial real estate market.  Their
 products automate risk management and portfolio management as well as
 streamlining commercial mortgage loan origination.
     "The acquisition of RealtyLogix contributes to RMIC's strategy of
 diversifying our revenue stream by building on our core strengths of risk
 management and distribution," said Bill Simpson, RMIC President and CEO.  "It
 allows us to expand our offerings to customers who participate in the
 commercial real estate market and leverages RMIC's reputation and
 relationships.
     "Our businesses complement one another.  RMIC is committed to offering a
 wide variety of products and services to its customers and our organizations
 are culturally compatible.  This is a strong match and one that will enhance
 the future success of both RMIC and RealtyLogix."
     Founded in 1999, RealtyLogix serves commercial banks, insurance companies,
 REITs, pension funds, thrifts and institutional investors nationwide.
     "For the past two years, we have focused on developing unique products for
 the commercial real estate finance industry," said Brian Wornow, President and
 Founder of RealtyLogix.  "Becoming a subsidiary of RMIC will allow us to
 expand our focus to sales and marketing as well as to leverage its reputation
 and relationships in the industry."
     RealtyLogix software applications (Realty Turbo and Realty RiskPro) were
 developed by industry professionals with combined experience of over 80 years
 in the commercial real estate industry.
     RMIC said that RealtyLogix will operate as a stand-alone unit, under its
 current name.  Management and the company's operations will continue to be
 headquartered in Atlanta, Georgia.  The company's founders are: David Cobb,
 Chairman and CEO; Brian Wornow, President; Scott Buckler, EVP; and Loren Volk,
 SVP.
     RMIC is a national private mortgage insurer based in Winston-Salem, North
 Carolina.  RMIC's private mortgage insurance coverage allows lenders to
 approve mortgage loans with smaller down payments, making home buying more
 affordable.  RMIC offers mortgage lenders an array of innovative products
 including ZIP(R) Monthlies, Technology Solutions, OASIS(R) Contract
 Underwriting, Training and Affordable Housing Programs.  RMIC is a wholly-
 owned subsidiary of Old Republic International Corporation (ORI), one of the
 fifty largest publicly held insurance organizations in the United States, with
 substantial interests in each segment of the insurance industry.
     For more information, contact Pam Curtis at (800) 999-RMIC (7642), write
 RMIC at 190 Oak Plaza Blvd., Winston-Salem, North Carolina 27105 or visit
 RMIC's Internet site at http://www.rmic.com/.
 
 

SOURCE Republic Mortgage Insurance Company
    WINSTON-SALEM, N.C., April 12 /PRNewswire/ -- Republic Mortgage Insurance
 Company (RMIC), a wholly-owned subsidiary of Old Republic International
 Corporation (NYSE:   ORI), today announced that it has acquired RealtyLogix Inc.
 of Atlanta, a commercial real estate risk management services company that
 provides applications for originating and managing the risk of commercial real
 estate portfolios.
     The acquisition will expand RMIC's activities beyond its core business,
 private mortgage insurance, into the area of commercial real estate finance.
 RealtyLogix is a technology based financial services company providing ASP
 business to business solutions for the commercial real estate market.  Their
 products automate risk management and portfolio management as well as
 streamlining commercial mortgage loan origination.
     "The acquisition of RealtyLogix contributes to RMIC's strategy of
 diversifying our revenue stream by building on our core strengths of risk
 management and distribution," said Bill Simpson, RMIC President and CEO.  "It
 allows us to expand our offerings to customers who participate in the
 commercial real estate market and leverages RMIC's reputation and
 relationships.
     "Our businesses complement one another.  RMIC is committed to offering a
 wide variety of products and services to its customers and our organizations
 are culturally compatible.  This is a strong match and one that will enhance
 the future success of both RMIC and RealtyLogix."
     Founded in 1999, RealtyLogix serves commercial banks, insurance companies,
 REITs, pension funds, thrifts and institutional investors nationwide.
     "For the past two years, we have focused on developing unique products for
 the commercial real estate finance industry," said Brian Wornow, President and
 Founder of RealtyLogix.  "Becoming a subsidiary of RMIC will allow us to
 expand our focus to sales and marketing as well as to leverage its reputation
 and relationships in the industry."
     RealtyLogix software applications (Realty Turbo and Realty RiskPro) were
 developed by industry professionals with combined experience of over 80 years
 in the commercial real estate industry.
     RMIC said that RealtyLogix will operate as a stand-alone unit, under its
 current name.  Management and the company's operations will continue to be
 headquartered in Atlanta, Georgia.  The company's founders are: David Cobb,
 Chairman and CEO; Brian Wornow, President; Scott Buckler, EVP; and Loren Volk,
 SVP.
     RMIC is a national private mortgage insurer based in Winston-Salem, North
 Carolina.  RMIC's private mortgage insurance coverage allows lenders to
 approve mortgage loans with smaller down payments, making home buying more
 affordable.  RMIC offers mortgage lenders an array of innovative products
 including ZIP(R) Monthlies, Technology Solutions, OASIS(R) Contract
 Underwriting, Training and Affordable Housing Programs.  RMIC is a wholly-
 owned subsidiary of Old Republic International Corporation (ORI), one of the
 fifty largest publicly held insurance organizations in the United States, with
 substantial interests in each segment of the insurance industry.
     For more information, contact Pam Curtis at (800) 999-RMIC (7642), write
 RMIC at 190 Oak Plaza Blvd., Winston-Salem, North Carolina 27105 or visit
 RMIC's Internet site at http://www.rmic.com/.
 
 SOURCE  Republic Mortgage Insurance Company