Home> News Room> News Releases > News Release

Zoot Announces Integration to CoreLogic® and Teletrack®

 

Data provides deeper insight to underbanked consumers


October 26, 2011

Zoot, a leading provider of advanced instant credit decisioning and loan origination solutions and CoreLogic (NYSE: CLGX), a leading provider of information, analytics and business services, today announced an integrated service. Zoot clients can now easily access alternative credit information from CoreLogic Teletrack for risk mitigation and fraud detection to make more informed credit decisions, particularly for high-risk and underbanked consumers.

“Adding Teletrack to our network of data service providers gives our clients greater options for assessing credit risk, predicting fraud and qualifying more credit applicants,” said Dennis Dixon, president of Zoot Enterprises. “Credit decisions are returned in seconds, providing a competitive advantage and great customer experience.”

Teletrack data is a valuable supplement to traditional credit bureau data. Teletrack gathers information from payday loan companies, rental purchase stores, credit card companies, consumer finance businesses, non-prime auto lenders and credit unions. When this data is integrated with Zoot’s decisioning platforms it provides credit issuers with a more comprehensive picture of consumers.

“We’re pleased to partner with such a well respected company as Zoot to broaden the access to our data,” said Dale Williams, president of CoreLogic Teletrack. “With more than 40 million unique consumers in our database and a growth rate for adding new contact records at 17 percent per month, we have a wealth of information to provide to credit issuers. Zoot’s decisioning infrastructure allows quick access to our data and the ability to make more informed credit decisions.”

###

About CoreLogic
CoreLogic (NYSE: CLGX) is a leading provider of consumer, financial and property information, analytics and services to business and government. The company combines public, contributory and proprietary data to develop predictive decision analytics and provide business services that bring dynamic insight and transparency to the markets it serves. CoreLogic has built the largest and most comprehensive U.S. real estate, mortgage application, fraud, and loan performance databases and is a recognized leading provider of mortgage and automotive credit reporting, property tax, valuation, flood determination, and geospatial analytics and services. More than one million users rely on CoreLogic to assess risk, support underwriting, investment and marketing decisions, prevent fraud, and improve business performance in their daily operations. The company, headquartered in Santa Ana, Calif., has more than 6,500 employees globally with 2010 revenues of $1.6 billion. For more information visit www.corelogic.com.

CoreLogic is a registered trademark of CoreLogic.

About Zoot
Bozeman, Mont.-based Zoot Enterprises, Inc. provides comprehensive credit decisioning, loan origination and credit risk management solutions to enable clients’ unique business objectives, leading to long-term relationships with top U.S. banks. Zoot’s rapid, high-volume processing environment has the capacity to process billions of transactions per year. Visit http://www.zootweb.com or call 406.556.7555 for more information. Zoot thought leaders are now featured on http://www.zootweb.com/blog/.

                     
Zoot