More effective attribute management can help to improve operational efficiencies, save time and money and enable a more efficient approval process.
Dale Williams, President, Teletrack

Teletrack, a leading rent-to-own industry provider of credit and fraud risk solutions for non-traditional lenders, today announced its ability to return more than 100 credit attributes along with the Teletrack credit report to accelerate and optimize risk assessment for short-term lending.

Attributes are the variables that summarize credit performance data for use in developing and executing scorecards. Lenders use attributes—such as the number of inquiries or paid charge-offs—as the basic component to make smarter decisions on extensions of loans or credit.

"Lenders can use this information to create predictive assessments of individual creditworthiness across the enterprise," said Dale Williams, president of Teletrack. "More effective attribute management can help to improve operational efficiencies, save time and money and enable a more efficient approval process."

Teletrack's proprietary data includes more than 215 million consumer credit records representing approximately 35 million unique consumers. By utilizing the more than 100 credit attributes now available, clients are able to discern and extract the key factors contributing to risk without having to process large amounts of data. The credit attributes are available by industry and timeframe and include inquiries, open charge-offs and paid charge-offs, as well as other variables that may be useful in predicting or modeling credit performance. Teletrack's interface allows clients to specify the number and type of variables.

"Accessing credit attributes enables our clients to quickly and efficiently understand Teletrack's data and analyze the most important factors in an applicant's credit history," said Williams. "For new Teletrack customers, using our attributes may reduce the time to market and the expense associated with calculating attributes using their own analytics tools. Existing customers can also leverage these features when upgrading to more sophisticated decisioning processes or models."

Teletrack provides lenders with the ability to test credit attributes against their lending portfolio before deployment within the company's loan approval process. This enables the lender to evaluate the predictability of the attributes, determine those most associated with activity within their portfolio and validate the impact of new or updated attributes before modifying current decision processes. Credit variables also highlight areas of risk and indicate elements of the Teletrack credit report that should be examined more closely before approving a loan.

About Teletrack, Inc.
Founded in 1989, Teletrack, a wholly-owned subsidiary of First Advantage Corporation (NASDAQ: FADV), provides lenders and businesses with the actionable intelligence they need to make smart decisions. Businesses across the country access our consumer data for risk mitigation, identity verification, fraud detection and skip tracing. When businesses use Teletrack, they gain the right information at the right time so they can make the right decisions for the right reasons. Teletrack's databases access information from a variety of sources and contain unique, non-traditional consumer information that is not available from other sources. As an FCRA compliant consumer reporting agency, Teletrack gathers records from businesses across the country that cater to non-traditional credit consumers. For additional information, please visit the company's Web site at www.teletrack.com.

First Advantage Corporation provides innovative products and services that mitigate risk by helping businesses, non-profit organizations and government agencies make more informed decisions. Headquartered in Poway, Calif., the company has employees in 12 countries that support over 90,000 clients globally. More information about First Advantage is available at www.FADV.com.