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UniversalCIS, a technology-enabled provider of credit data and related origination solutions in the mortgage industry, announced the acquisition of the Lending Solutions and Appraisal Management Divisions of Data Facts, a national and international consumer reporting company. The acquisition was made in hopes to enhance UniversalCIS’ customer-centric origination solutions platform while expanding its foothold in new geographic regions. The transaction also marks UniversalCIS’ fifth acquisition and its first since receiving an investment from Lovell Minnick Partners in March 2021.
Data Facts provides information lenders and employers rely on to make sound lending and hiring decisions, according to a press release. In addition to bolstering UniversalCIS’ origination solutions, the acquisition will expand UniversalCIS’ appraisal management capabilities and increase the business’ presence in this market. Data Facts President Julie Wink will join the UniversalCIS executive team.
Data Facts, Inc. will continue to be led by founder and CEO Daphne Large and will remain 100% invested in and focused on its extensive Background Screening business and customers.
“Daphne Large and Julie Davis Wink have built an incredible company that shares our commitment to providing high-quality solutions and services, as well as our vision for growth,” said Jerry Haftmann, CEO of UniversalCIS. “We see a strong alignment of values with Data Facts and believe this is a natural next step in UniversalCIS’ growth journey.”
“When I founded Data Facts more than 30 years ago, we recognized an opportunity to build a leading solutions provider in the consumer reporting industry, and it’s extremely validating to see our Lending Solutions and Appraisal team’s and Company’s success recognized,” said Daphne Large, CEO of Data Facts.