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FOREWARN Partners with Northwestern Wisconsin Multiple Listing Service

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FOREWARN, LLC, a provider of real-time information solutions for real estate agents, has announced a partnership with the Northwestern Wisconsin Multiple Listing Service (NWWMLS) to offer its services to over 1,100 REALTOR® members. The FOREWARN platform enhances agent safety by allowing users to verify identities, search criminal histories, and validate client information with just a phone number. Starting May 15, 2020, NWWMLS members will receive instructions to activate their FOREWARN subscriptions at no extra cost.

Positive
  • Partnership with NWWMLS enhances market presence and credibility.
  • FOREWARN services provided at no additional cost to 1,100+ agents, increasing customer value.
Negative
  • Dependence on the effectiveness of FOREWARN to genuinely enhance agent safety is uncertain.
  • Forward-looking statements carry inherent risks and uncertainties that could impact business expectations.

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Analyzing...

BOCA RATON, Fla., May 15, 2020 (GLOBE NEWSWIRE) -- FOREWARN, LLC, a red violet company (NASDAQ: RDVT), and the leading provider of real-time information solutions for real estate agents, today announced that the Northwestern Wisconsin Multiple Listing Service, Inc. (“NWWMLS”) has contracted to make FOREWARN® services available for the 1,100+ REALTOR® members it serves in an effort to promote proactive real estate agent safety.

Available both online and through a mobile application, FOREWARN analyzes billions of data points and provides users with the ability to mitigate risks by verifying identity, searching for criminal histories, and validating information provided by potential clients such as financial and asset information -- using just a phone number. FOREWARN allows agents to properly and safely plan for showings with a higher level of confidence.

The FOREWARN services purchased by NWWMLS will be available to NWWMLS’s entire 1,100+ real estate agent membership at no additional cost to individual agents.

“Our members are regularly faced with unknown risks,” said Brenda Barnhardt, Executive Vice President of the Northwestern Wisconsin Multiple Listing Service, Inc. “We are very pleased to be providing all our agent members with FOREWARN to help them instantly verify identity and risk so they can operate with an added layer of safety, intelligence and peace of mind in their virtual and in-person interactions.”

On May 15, 2020, existing NWWMLS members will receive specific instructions on how to move forward with activating their FOREWARN subscription.

All other real estate agencies and agents can learn more about FOREWARN at www.forewarn.com.

About FOREWARN®
At FOREWARN, we bring instant knowledge through innovative solutions to ensure safer engagements and smarter interactions. Leveraging powerful analytics and a massive data repository, our solutions enable organizations to gain real-time knowledge, for purposes such as verifying identity, searching for criminal histories, and validating information, such as financial and asset information. Risk assessment and due diligence at your fingertips™.

RELATED LINKS: www.forewarn.com

About red violet®
At red violet, we believe that time is your most valuable asset. Through powerful analytics, we transform data into intelligence, in a fast and efficient manner, so that our clients can spend their time on what matters most - running their organizations with confidence. Through leading-edge, proprietary technology and a massive data repository, our analytics and information solutions harness the power of data fusion, uncovering the relevance of disparate data points and converting them into comprehensive and insightful views of people, businesses, assets and their interrelationships. We empower clients across markets and industries to better execute all aspects of their business, from managing risk, recovering debt, identifying fraud and abuse, and ensuring legislative compliance, to identifying and acquiring customers. At red violet, we are dedicated to making the world a safer place and reducing the cost of doing business. For more information, please visit www.redviolet.com.

FORWARD-LOOKING STATEMENTS

This press release contains “forward-looking statements,” as that term is defined under the Private Securities Litigation Reform Act of 1995 (PSLRA), which statements may be identified by words such as “expects,” “plans,” “projects,” “will,” “may,” “anticipate,” “believes,” “should,” “intends,” “estimates,” and other words of similar meaning. Such forward looking statements are subject to risks and uncertainties that are often difficult to predict, are beyond our control and which may cause results to differ materially from expectations, including whether FOREWARN will address real estate agent safety and whether FOREWARN will help the NWWMLS real estate agents verify identity and risk so they can operate with an added layer of safety, intelligence and peace of mind in their virtual and in-person interactions. Readers are cautioned not to place undue reliance on these forward-looking statements, which are based on our expectations as of the date of this press release and speak only as of the date of this press release and are advised to consider the factors listed above together with the additional factors under the heading “Forward-Looking Statements” and “Risk Factors” in red violet’s SEC Filings. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

Investor Relations Contact:

Camilo Ramirez
Red Violet, Inc.
561-757-4500
ir@redviolet.com

FAQ

What is the significance of FOREWARN's partnership with NWWMLS?

The partnership allows FOREWARN to provide its safety solutions to over 1,100 real estate agents, enhancing their operational safety and efficiency.

What features does FOREWARN offer to real estate agents?

FOREWARN offers tools for identity verification, criminal history searches, and validation of client information using a phone number.

When can NWWMLS members start using FOREWARN services?

NWWMLS members can activate their FOREWARN subscriptions starting May 15, 2020.

What does the partnership with NWWMLS mean for FOREWARN's growth?

This partnership potentially increases FOREWARN's user base and market reach, improving revenue opportunities.

What are the risks associated with FOREWARN's forward-looking statements?

Forward-looking statements may not materialize due to various risks and uncertainties affecting the company's operations and market conditions.
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BOCA RATON