As the credit markets continue to retract, we anticipate lenders may begin experiencing an increased percentage of defaults and loans which may go delinquent.
Kim Anderson, CEO, CL Verify

CL Verify, a provider of customer information services to the rent-to-own channel, 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.

CL Verify recently confirmed the appointment of a highly experienced executive team to lead the continued expansion of the company. "We are fortunate to have the gifted leadership and extraordinary interdisciplinary talent of this team as we fortify our client commitments and accelerate our business growth across new markets and new solutions," said Kim Anderson, CL Verify CEO. "The deep technology, analytics, financial and marketing experience of this team are tremendous assets to CL Verify and to our customers."

The CL Verify leadership team includes;

Colin Reid, VP Sales and Marketing, brings a wealth of customer-facing experience to CL Verify, including previous responsibilities as EVP for Utix Group, a credit card and stored value processor; CEO for Great American Days, an innovative incentives and promotional firm; and Group Business Development Manager for ReedElsevier. Colin has overall responsibility for growth strategies, marketing communications, and the direction of all US sales and business development initiatives. Colin holds a BE in Engineering from the University of Birmingham and an Advanced Diploma in Marketing from CIM.

Dean Barney, Chief Risk Officer and Sr. Director of Analytic Solutions, delivers deep sector experience in analytical science to CL Verify customers. Dean's background includes senior level assignments within the small balance lending industry including Education Finance Partners and Merrick Bank. Dean oversees the engineering of customer yield improvement available with CL Verify solutions, data and scoring analysis and advanced analytic solutions work with clients and data partners. Dean holds a BS in Accounting from Brigham Young University and an MBA from Auburn University.

Chris LeBlanc, VP and Chief Information Officer, has over 20 years of product development and technology leadership experience in financial services and credit decisioning. During 10 years with Liberty Mutual, Chris held several senior technology assignments and was a key member of the leadership team of Lightbridge Inc. In addition to day-to-day responsibility for technology, Chris is leading the multi-million dollar, multi-year replatforming of the CL Verify data, operations, and product delivery infrastructure. Chris holds a BS in Management Information Systems from Bridgewater State University, an MBA from Southern New Hampshire University, and a Master's Certificate in IT Project Management from George Washington University.

Craig Olsen, VP and Chief Financial Officer, has over 25 years in financial leadership roles with numerous multi-national companies including Fidelity National Information Services, Allis Chalmers and Valassis. Craig was founder and CEO of Corporate Performance Review, an operations consulting practice serving the development needs of emerging service sector firms. Craig oversees all financial, legal, and administrative functions including regulatory compliance. He holds a MBA and BA from the University of Wisconsin.

Anderson added, "As we confront the continuing regulatory complexity in short term lending, deliver on our commitment to apply expanded analytics and new data which yield real value for our clients and pursue the many opportunities to expand in both domestic and international markets, we will rely heavily on the experience and strength of this team."

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.