INFO-PRO Acquires Property Research Data

August 29, 2008— INFO-PRO Mortgage Services Corporation (INFO-PRO) announces the acquisition of flood hazard determination provider Property Research Data, Ltd. of Northbrook, Illinois. This acquisition will strengthen INFO-PRO's product offerings to banks and credit unions by adding flood services to its existing real estate tax services.


“Property Research Data was an excellent fit for INFO-PRO. It began operations in 1995 so there was tremendous experience there. In addition, we share many common customers and a similar operations footprint,” says President and Chief Executive Officer Peter Kujawa.


As a result of the aquisition, INFO-PRO will add flood hazard determination services to its lineup of real estate tax services. The business will relocate from its existing location in Northbrook to INFO-PRO's home office in Fond du Lac, Wisconsin and operate under the INFO-PRO name. As part of the acquisition, Phil Scully of Property Research Data will stay on in a consulting role for three years.


“Our customers know us for our commitment to outstanding customer service and we believe that there is a market demand for a flood hazard determination company with that approach,” says Kujawa. "Combining Property Research Data's experience in this industry with INFO-PRO's should really be a positive for customers."


Founded as Information Professionals Company in Fond du Lac, Wisconsin in 1995, INFO-PRO Mortgage Services has over 125 bank and credit union customers based throughout Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, Missouri,and Wisconsin and services loans nationwide. INFO-PRO Tax Services provides real estate tax services including escrow tax services, delinquency tax reporting, and file clean-up. INFO-PRO Flood Services provides flood hazard determination services, including flood certifications, nationwide. For more information, visit the Website at www.ipmortgageservices.com.


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