Trans Union announced today the asset acquisition of U.S. Appraisal, Inc., a nationwide provider of property valuation solutions, including appraisals and broker price opinion's (BPO's), further solidifying its leadership position in the real estate settlement solutions industry.

The purchase enhances Trans Union's array of property valuation offerings for lenders nationwide and expands the company's national network of appraisal and real estate professionals. Trans Union's real estate division also gains extensive collateral valuation expertise with the addition of John C. "Jack" Manley, Jr., U.S. Appraisal CEO, and his staff of 150 professionals. Mr. Manley will become a vice president of Trans Union and will continue to manage the division out of the Buffalo, New York headquarters.

"We are excited to welcome U.S. Appraisal to Trans Union and are certain our customers will quickly benefit from our increased product offerings and additional expertise," said Rick Lynch, executive vice president, Trans Union.

The acquisition reinforces Trans Union's "Total Solution" package, providing the entire spectrum of products and services required to settle real estate lending transactions. Trans Union's offerings include merged credit reports, residential mortgage credit reports, property searches, flood certifications, automated valuations, BPO's, appraisal products as well as closing, funding and recording services.

"The sale to Trans Union, a long-time business partner and data provider for our services, is part of the evolution of U.S. Appraisal from a local player to a national presence. In addition, it will allow us to bring Trans Union's 'Total Solution' to our existing customer base," Mr. Manley said.

Trans Union's real estate services are delivered through its subsidiary, Settlement Solutions, Inc.

Published: January 23, 2001

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