CL Verify today announced the launch of TRACKER, a powerful new skip-tracing tool offering both online and storefront lenders a unique source for updating contact information about current borrowers and delinquent debtors. Leveraging CL Verify’s industry leading inquiry volumes and proprietary data, TRACKER delivers an unparalleled stream of continually refreshed information on small balance loan customers.
"As the credit markets continue to retract, we anticipate lenders may begin experiencing an increased percentage of defaults and loans which may go delinquent. TRACKER enables the lender to contact the unable-to-locate delinquent borrower to seek repayment, and keep a closer eye on consumer changes which may signal a potential default" said Kim Anderson, CEO. "The CL Verify network delivers more current data from more lenders, banks and retail points of service than any other similar provider."
TRACKER is easy to deploy and is most cost effective for any lender with more than 500 outstanding loans. Subscribers receive daily updates on consumer information including addresses, phone numbers and bank information, critical information to ensuring proactive loan portfolio management. When coupled with CL Verify’s customer acquisition solutions, including payday loan, debit account and identity verification reports, TRACKER provides lenders with a full suite of tools to manage the credit lifecycle.
About CL Verify
Founded in 1998, CL Verify LLC is a subsidiary of DP Bureau offering comprehensive specialized decision support solutions to the small balance loan industry. CL Verify’s data and decision support products provide lenders an accurate up-to-the minute view of a consumer’s financial performance history. CL Verify products and services deliver impressive returns by integrating and aggregating an unparalleled network of non- traditional consumer payment history, demand deposit account history, and consumer public record data.
For more information about TRACKER and CL Verify, please visit http://www.clverify.com/