Business News

RedVision Completes Acquisition of Colorado Record Data and CRS Title Services

2008-07-15 09:37:00

 Combined company further expands RedVision's ability to provide a national

   title research offering to lenders, title insurers and default service


    PARSIPPANY, N.J., AURORA and WESTMINSTER, Colo., July 15 /EMWNews/

-- RedVision, a national real estate property research organization, today

announced the completion of its acquisition of Colorado Record Data (CRD)

and CRS Title Services (CRS). The transaction was finalized on Monday, June

30, 2008.

    The combination of RedVision and CRD/CRS represents a dynamic step

forward for RedVision as they rapidly grow their national title research

footprint to support their lender, insurer and default service customers.

    "We believe this business combination represents the essence of our

overall strategy. CRD and CRS have excellent reputations for quality and a

passion for customer excellence. We believe our combined technologies and

national service infrastructure will offer all our customers even greater

advantages in efficiencies and products, as well as, wider coverage for our

national clients", says Brian Twibell, RedVision's CEO.

    "The combination of RedVision, CRD and CRS will afford excellent

opportunities for our clients in a rapidly evolving marketplace," says

Christopher Broekema, Vice President of CRD. "As we join with RedVision, we

look forward to strengthening relationships with existing customers by

providing greater speed, accuracy, customized technology solutions and

access to more markets while maintaining our commitment to excellence in

all we do. CRD and CRS will continue to be locally managed and operated

thus insuring a smooth and seamless transition for existing clientele."

    About RedVision

    RedVision is an independent provider of innovative Real Property

Research solutions, combining experts and technology to improve service

levels and the bottom line. RedVision serves users of title evidence

looking for relevant and accurate information to make sound business

decisions relating to real property transactions. The company's unique

approach combines a distributed services workflow platform, a vast title

plant database, and well-trained service experts to provide accurate, cost

effective, and timely real property research services for its banking,

title, default and settlement service customers.

    About CRD

    Colorado Record Data, LLC (CRD), gives its customers 24/7 online web

access to a title plant index and images for Colorado counties. CRD's title

plant has more than 75 million pages currently stored online for quick and

easy retrieval. CRD focuses on quality, consistency, and customer service.

Many Title and Property research firms rely on CRD for access to critical

property information.

    About CRS

    Since 1998, CRS Title Services has delivered its clients a broad range

of real property title related products, including: title commitments,

property reports, ownership and encumbrance reports, title guarantees,

foreclosure guarantees, litigation guarantees, and other title insurance

related products. CRS has the ability to search real property title records

and produce title property related documents in all 64 Colorado counties

through the use of a centralized title plant created and maintained by its

sister company Colorado Record Data, LLC.

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