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VeriFacts, Triad to Launch Combined Skip Tracing Solution

May 04, 2009

NORTH RICHLAND HILLS, Texas — Skip trace solutions provider VeriFacts Inc. has partnered with Triad Financial to a offer a "one-stop shop" of services. Developed in combination with VeriFacts' POEExtreme package, the new menu includes debtor and asset location, collections, bankruptcy, insurance and impound management, and repossession and collections tools, among others.

"Over the past year, our clients have requested a variety of related services beyond skip tracing. They asked, and we listened," said Jodi Matteson, senior vice president at VeriFacts. "I’m excited to partner with Triad — a trusted name in the industry — so clients can now enjoy a full menu of expert auto loan servicing. Each service will help reduce overhead expenses and maximize recoveries for lenders, collection agencies and investors who buy consumer vehicle loans."

Scott France, Triad’s senior vice president of portfolio management, agreed. "Our partnership with VeriFacts is a natural fit," France said. "We each have a 20-year track record of positive performance, and we both offer nonprime expertise. Together we provide a complete solution, eliminating the expense of managing multiple vendors."

Representatives from both companies will be on hand at Collections and Recovery Solutions 2009, scheduled for May 6–8 at the Four Seasons Hotel in Las Vegas.

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