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AppraisalTrac™ is
Integrated with Basis100 Solimar Valuation Technology |
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CONCORD, CA - April 24, 2001 -
Dattar Systems, Inc., an e-commerce solution provider, announced today the
integration of AppraisalTrac™, 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 Basis 100'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™ 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™ 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™ is access
to the Internet through a compatible Web-browser.
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™ 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.
For more information, please contact:
Dave Campbell
CFO and
Investor Relations
Basis100 Inc.
(416) 364-6085 Ext.
104
dcampbell@basis100.com
Daniel-Robert Gooch
Media
Relations
Basis100 Inc.
(678) 781-7214
dgooch@basis100.com
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© Copyright 1996 - 2007 Dattar
Systems, Inc. All rights reserved. |
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