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FOREWARN Partners with Santa Barbara Multiple Listing Service

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FOREWARN, a red violet company (NASDAQ: RDVT), has partnered with Santa Barbara Multiple Listing Service (MLS) to offer its real-time information solutions to over 1,700 real estate professionals in the Santa Barbara area. The service, available online and via mobile app, enhances agent safety by verifying identities, searching criminal histories, and validating client information using just a phone number. This initiative aims to allow agents to plan showings with greater confidence and mitigate risks effectively. The service is provided at no additional cost to the MLS members.

Positive
  • Partnership extends FOREWARN's services to 1,700+ real estate professionals.
  • Service is available at no additional cost to Santa Barbara MLS members.
  • FOREWARN's technology verifies identities and criminal histories, enhancing agent safety.
  • Quick and easy implementation through mobile and online platforms.
Negative
  • No additional revenue generated from Santa Barbara MLS members as the service is provided at no cost.

California-based MLS contracts to make FOREWARN services available for its 1,700+ real estate professional members to promote proactive agent safety

BOCA RATON, Fla., May 31, 2024 (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 Santa Barbara Multiple Listing Service will offer FOREWARN® services to its 1,700+ members it serves throughout the Santa Barbara area 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 -- using just a phone number. FOREWARN allows agents to properly and safely plan for showings with a higher level of confidence.

The FOREWARN services offered by Santa Barbara Multiple Listing Service are available to the 1,700+ members at no additional cost to individual agents.

“We are pleased to be providing FOREWARN for the increased safety and well-being of our members,” said Brian Johnson, CEO of Santa Barbara Multiple Listing Service. “Real estate agents are often on the move and need a streamlined way to verify their unknown prospects. FOREWARN helps agents to accomplish this right on their phone in just seconds.”

Existing Santa Barbara Multiple Listing Service members will receive specific instructions on how to move forward with activating their FOREWARN subscription as an included benefit.

All other real estate agencies, agents, and appraisers 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. Risk assessment and due diligence at your fingertips™.

RELATED LINKS: www.forewarn.com

About red violet®
At red violet, we build proprietary technologies and apply analytical capabilities to deliver identity intelligence. Our technology powers critical solutions, which empower organizations to operate with confidence. Our solutions enable the real-time identification and location of people, businesses, assets and their interrelationships. These solutions are used for purposes including identity verification, risk mitigation, due diligence, fraud detection and prevention, regulatory compliance, and customer acquisition. Our intelligent platform, CORE™, is purpose-built for the enterprise, yet flexible enough for organizations of all sizes, bringing clarity to massive datasets by transforming data into intelligence. Our solutions are used today to enable frictionless commerce, to ensure safety, and to reduce fraud and the concomitant expense borne by society. 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 critical safety concerns and needs for Santa Barbara Multiple Listing Service members and whether FOREWARN will help streamline the way for Santa Barbara Multiple Listing Service members to verify their unknown prospects. 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 recent partnership involving RDVT?

FOREWARN, a subsidiary of red violet (NASDAQ: RDVT), partnered with Santa Barbara Multiple Listing Service to offer its safety solutions to over 1,700 real estate professionals.

What services does FOREWARN provide to Santa Barbara MLS members?

FOREWARN provides real-time identity verification, criminal history searches, and client information validation using just a phone number.

How many members will benefit from the FOREWARN partnership with Santa Barbara MLS?

Over 1,700 real estate professionals will benefit from the partnership.

Are there any costs for Santa Barbara MLS members to use FOREWARN services?

No, the services are available at no additional cost to Santa Barbara MLS members.

What is the primary benefit of FOREWARN services for real estate agents?

The primary benefit is enhanced agent safety by enabling quick identity verification and risk mitigation.

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