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Data Facts Acquires Texas Credit Reporting Firm

puzzle-coming-togetherData Facts, Inc., a nationwide provider of mortgage lending and background screening solutions, announced its recent acquisition of Houston-based One Source Credit Reporting Agency.

In a release, Data Facts cited One Source's long-standing reputation in the mortgage marketplace as one of the main factors in the decision to acquire the company.

"We have known the owners of One Source for many years through our affiliation with National Consumer Reporting Agency, and have always admired their ethical business practices as well as their dedication to extraordinary customer service," said Data Facts CEO Daphne Large.

Geraldine Podraza, management consultant at Data Facts and former president of One Source, echoed the sentiment.

"Becoming part of Data Facts, Inc. was a giant step forward for One Source," Podraza said. "We saw what was good and great about Data Facts, Inc. and are thrilled that we are now part of a company that has not only the desire to grow its footprint in Texas but has the technology and skill to grow its footprint wherever they want to go."

By combining their resources, the two companies say they hope to deliverĀ "superior industry expertise and unparalleled customer support and lending solutions to all clients."

The merge also represents a significant step forward for Data Facts as the company works to spread its footprint further west and pursue immediate and long-term growth opportunities in the region.

The complete integration of both companies is expected to take place over the next month. System administrators for Data Facts anticipate the merge will be "pain-free," commenting, "Both Data Facts, Inc., and One Source have worked diligently to have all the pieces in place, so the merge will be seamless and easy for our clients."

About Author: Tory Barringer

Tory Barringer began his journalism career in early 2011, working as a writer for the University of Texas at Arlington's student newspaper before joining the DS News team in 2012. In addition to contributing to DSNews.com, he is also the online editor for DS News' sister publication, MReport, which focuses on mortgage banking news.
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