Transamerica Flood and Basis100 Announce Joint Marketing Agreement

Apr 20, 2001, 01:00 ET from Transamerica Flood Hazard Certification, Inc.

    HASBROUCK HEIGHTS, N.J., April 20 /PRNewswire Interactive News Release/
 -- Transamerica Flood Hazard Certification, Inc., a leading flood hazard
 determination provider, and Basis100, Inc., a leading e-commerce technology
 solutions provider, have announced a joint marketing agreement.
     Both organizations will be integrating Transamerica Flood Internet-based
 flood hazard determinations with Basis100 Solimar Automated Valuation Models
 (AVM) into a single package. The result will be a preliminary screening tool
 for lenders, appraisers, and other real estate professionals early in the loan
 process.
     Tom Della Torre, Transamerica Flood President states, "Solimar Valuation
 Technology is clearly the industry leader.  Adding their AVM technology to our
 suite of eFlood(R) products is a natural combination that anticipates the
 future direction of the mortgage lending industry."
     "2001 is quickly becoming the year in which automated valuations gain
 acceptance in all corners of the real estate and mortgage arenas, and flood
 determination is an obvious avenue for innovative use of our technology," said
 Basis100 Chairman and CEO Gary Bartholomew.  "As an acknowledged leader in
 accurate flood hazard determinations nationwide, Transamerica is a natural
 partner with which to lead the growth of automated valuations into risk
 management."
     Both Transamerica Flood and Basis100 view this new agreement as the first
 part of a multi-faceted strategy.  They have agreed to dedicate resources to
 joint product development to offer new and innovative products to the
 financial services industry
     Solimar Valuation Technology provides automated property valuations for
 residential properties nationwide.  Each property is valued individually using
 three separate methodologies.  The conclusions are then fed into a neural
 decision engine that generates a final property valuation using the most
 appropriate methodology for each property.  The results are compiled and
 forwarded to Transamerica Flood in less than five seconds.
     The Transamerica Flood determinations are derived from Flood Insights(TM),
 an Internet-based product, which includes such necessary data elements as
 community number, flood map panel number and date, and flood zone. Also
 included is a map of the area around the subject property with the Special
 Flood Hazard Areas as shown on the relevant FEMA Flood Insurance Rate Map.
 
     About Transamerica Flood
     Headquartered in Hasbrouck Heights, New Jersey, Transamerica Flood Hazard
 Certification, Inc., a subsidiary of Transamerica Finance Corporation, an
 Aegon Company, is a market leader in providing flood determination services to
 the mortgage lending industry. Transamerica Finance Corporation's parent,
 AEGON, NV, is one of the world's largest listed insurance and related
 financial services organizations in the world with over $227 Billion in
 assets.  Transamerica Flood is on the Web at
 http://www.transamerica.com/FloodHazard .
 
     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 http://www.basis100.com
 
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SOURCE Transamerica Flood Hazard Certification, Inc.
    HASBROUCK HEIGHTS, N.J., April 20 /PRNewswire Interactive News Release/
 -- Transamerica Flood Hazard Certification, Inc., a leading flood hazard
 determination provider, and Basis100, Inc., a leading e-commerce technology
 solutions provider, have announced a joint marketing agreement.
     Both organizations will be integrating Transamerica Flood Internet-based
 flood hazard determinations with Basis100 Solimar Automated Valuation Models
 (AVM) into a single package. The result will be a preliminary screening tool
 for lenders, appraisers, and other real estate professionals early in the loan
 process.
     Tom Della Torre, Transamerica Flood President states, "Solimar Valuation
 Technology is clearly the industry leader.  Adding their AVM technology to our
 suite of eFlood(R) products is a natural combination that anticipates the
 future direction of the mortgage lending industry."
     "2001 is quickly becoming the year in which automated valuations gain
 acceptance in all corners of the real estate and mortgage arenas, and flood
 determination is an obvious avenue for innovative use of our technology," said
 Basis100 Chairman and CEO Gary Bartholomew.  "As an acknowledged leader in
 accurate flood hazard determinations nationwide, Transamerica is a natural
 partner with which to lead the growth of automated valuations into risk
 management."
     Both Transamerica Flood and Basis100 view this new agreement as the first
 part of a multi-faceted strategy.  They have agreed to dedicate resources to
 joint product development to offer new and innovative products to the
 financial services industry
     Solimar Valuation Technology provides automated property valuations for
 residential properties nationwide.  Each property is valued individually using
 three separate methodologies.  The conclusions are then fed into a neural
 decision engine that generates a final property valuation using the most
 appropriate methodology for each property.  The results are compiled and
 forwarded to Transamerica Flood in less than five seconds.
     The Transamerica Flood determinations are derived from Flood Insights(TM),
 an Internet-based product, which includes such necessary data elements as
 community number, flood map panel number and date, and flood zone. Also
 included is a map of the area around the subject property with the Special
 Flood Hazard Areas as shown on the relevant FEMA Flood Insurance Rate Map.
 
     About Transamerica Flood
     Headquartered in Hasbrouck Heights, New Jersey, Transamerica Flood Hazard
 Certification, Inc., a subsidiary of Transamerica Finance Corporation, an
 Aegon Company, is a market leader in providing flood determination services to
 the mortgage lending industry. Transamerica Finance Corporation's parent,
 AEGON, NV, is one of the world's largest listed insurance and related
 financial services organizations in the world with over $227 Billion in
 assets.  Transamerica Flood is on the Web at
 http://www.transamerica.com/FloodHazard .
 
     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 http://www.basis100.com
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X42077857
 
 SOURCE  Transamerica Flood Hazard Certification, Inc.