Reason Software Provides Residential Property Evaluations And Appraisal
               Analysis Based On Comparable Sales Information

    CHICAGO, Feb. 28 /PRNewswire/ -- Market Intelligence Inc., a property
evaluation firm based in Hopkinton, Mass., and a wholly-owned subsidiary of
Chicago Title and Trust Co. (CT&T), has acquired a license agreement with PMI
Mortgage Services Co. to use PMI's REASON(R) software.  CT&T provides title
insurance, escrow and closing services, as well as property evaluations,
traditional appraisals, credit reports and flood certification products
through a network of more than 300 offices and approximately 3,700 agents
nationwide.
    REASON(R), created and owned by CLM Technologies, Ltd. (CLM), and
exclusively distributed by PMI Mortgage Services Co. (PMI), is
state-of-the-art software that provides automated residential property
valuations based on comparable sales, using both statistical analysis and
heuristic modeling.
    Market Intelligence's products and services combine statistical and
database information sources with site verifications for many lending
applications.  This unique combination maximizes the speed and objectivity of
relevant statistical analyses with an on-site inspection and recognition of
local market conditions.
    "REASON(R) is a terrific evaluation tool that effectively leverages the
evaluation and appraisal products that Market Intelligence provides for the
Mortgage Banking Industry.  REASON(R)'s ability to quickly locate and evaluate
sales comparables will improve and enhance the delivery of our products and
services for our rapidly growing client base." said Mark Sennott, president
and chief executive officer of Market Intelligence.
    REASON(R), or Residential Evaluation/Appraisal Statistical Observation
Navigator, is a computer-based real estate evaluation tool designed to be used
as a decision support system for urban single-family residences.  It allows
detailed appraisal analysis with supporting documentation; analysis of single
or multiple subject properties; and effective multiple site usage and cost
center control.
    REASON(R) is designed to be used by lenders, mortgage insurers, regulatory
agencies, fee appraisers, risk managers, mortgage underwriters and real estate
brokers in both the office and the field.  By reducing turnaround times from
days to minutes and by greatly reducing costs when compared to "full blown"
and "drive-by" appraisals, REASON(R) makes the appraisal process more
efficient and economical.
    "PMI's agreement with Market Intelligence will make the benefits of
REASON(R) available to a broader customer base in the industry.  PMI is
continuing its effort to gain further acceptance of automated property
valuation and to expand its application to all phases of the mortgage life
cycle," said Stan Pachura, vice president, PMI Mortgage Services Co.
    REASON(R) currently accesses data on properties in 140 counties
nationwide.
    Chicago Title and Trust Co. is the source of real estate services,
providing title insurance, escrow and closing services, as well as appraisal,
credit and flood certification products through a network of more than
300 offices and approximately 3,700 agents nationwide.  The Chicago Title and
Trust Family of Title Insurers -- including Chicago Title Insurance Co., Ticor
Title Insurance Co. and Security Union Title Insurance Co. -- together issues
approximately one in every four title insurance policies in the United States
with annual gross revenues in excess of $1.3 billion.  CT&T also is the parent
company of National
    Flood Information Services Inc. of Arlington, Texas; Credit Data Reporting
Services Inc. of Kingston, N.Y.; and Market Intelligence Inc. of Hopkinton,
Mass.  Chicago Title and Trust Co. is a wholly-owned subsidiary of Alleghany
Corp. (NYSE: Y).
    PMI Mortgage Insurance Co. (PMI) is a San Francisco-based, private
mortgage guaranty insurer of residential mortgages.  Established in 1972, PMI,
a subsidiary of The PMI Group, Inc. (NYSE: PMA) is licensed to do business in
all 50 states and the District of Columbia.  PMI is the third largest private
mortgage insurer in the United States based on year-end 1995 insurance in
force of $71.4 billion.  A leader in mortgage and EDI technology, PMI was the
first mortgage insurance company to commercially introduce an automated
underwriting and mortgage scoring system; the pmiAURA(SM) system is used by
six of the nation's top 12 mortgage lenders.
    For more information about REASON(R) software, contact Jeff Cavros in
PMI's Customer Technology division at 800-288-1970, ext. 135.
    For more information about the evaluation and appraisal products that
Market Intelligence offers contact Robert F. Sennott at 800-577-6602.

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