Press Releases

July 14, 2008

First Advantage CREDCO Teams with SeaFunds
to Deliver Credit Solutions to RV, Marine Industries

First Advantage CREDCO, the leading provider of specialized credit reports for the recreational vehicle and marine industries, today announced the integration of its credit information solutions with SeaFunds, a loan origination system used by lenders and servicers for the recreational lending industry. Under the new agreement, First Advantage CREDCO will deliver credit reports, in addition to identity verification tools and compliance solutions, conveniently through the SeaFunds lending platform.

For businesses that rely on lenders and servicers to pull consumer credit information, the integration of First Advantage CREDCO’s product solutions will give SeaFunds users fast and convenient access to credit reports. They’ll also gain access to compliance tools to help them comply with regulations for Office of Foreign Assets Control (OFAC) screening and the new Red Flags Rule.

“Our integration with First Advantage CREDCO further expands SeaFunds’ features and functionality, enabling our customers to make sound credit decisions,” said Lee Thomas, president of SeaFunds. “Servicers using SeaFunds now have convenient access to the tools they need to help maintain federal compliance requirements, and to help protect them from identity theft and fraud-related losses.”

First Advantage CREDCO’s Red Flag Solution, a comprehensive offering of credit reporting services, identity verification, OFAC screening and reporting tools, is designed to help businesses comply with the new Red Flags Rule, which requires them to establish and maintain an identity theft prevention program by November 1 of this year.

“We’re excited to announce our partnership with SeaFunds, which helps servicers verify potential customer identities automatically with every credit report,” said Eric Rumsey, president of First Advantage CREDCO. “Seamless integration provides fast, convenient access to important identity verification and compliance solutions – directly from the SeaFunds loan origination system.”

First Advantage CREDCO is integrated with more than 50 sales and finance platforms for the RV, marine and automotive industries throughout the U.S. Businesses interested in signing up with First Advantage CREDCO can call SeaFunds at 888.369.6123 or visit www.SeaFunds.com, or call 866.229.8212 or visit www.CREDCOservices.com/SeaFunds.

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