Equifax Sells APPRO to CRIF
CRIF is further expanding its move into the loan origination software market with the purchase of APPRO from Equifax.
The Italian company's CRIF Corp. subsidiary purchased Equifax Enabling Technologies LLC of Baton Rouge, La., for an undisclosed price.
Equifax had bought APPRO Systems in 2005. Last year, CRIF bought Texas-based Teres Solutions and its SAIL lending platforms.
Together, the two companies have systems in place at about 375 credit unions, banks and other lenders. CRIF said it has products and services in place at more than 1,500 financial institutions globally.
CRIF also controls the Aimbridge, FLS Services and Magnum Communications credit analysis and lending solutions.