Lovell Minnick-backed UniversalCIS to acquire lending solutions divisions from Data Facts.

Lovell Minnick-backed UniversalCIS, a technology-enabled provider of credit data and related origination solutions in the mortgage industry, agreed to acquire the lending solutions divisions from Data Facts, a national and international consumer reporting company. Financial terms were not disclosed. “Data Facts is a well-known, longstanding player in the market, and we are excited to leverage the Company’s expertise as we continue to enhance our technology offerings and bring value to current and future clients,” Perry Steiner, UniversalCIS Chairman.