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Freddie Mac survey: Inflation jitters push mortgage rates up this week

Apr 23, 2008

New online service boosts collections, settlement ratesMortgagePress.comSourcingPoint Solutions, track down delinquent debtors, settlement processes A new online service offered by SourcingPoint Solutions is helping businesses track down delinquent debtors and conduct faster, more efficient settlement processes. PersonLocate, the newest addition to SourcingPoint Solutions' PowerScreen background screening services line, gives users the ability to access information that can help determine a person's whereabouts. The new service automates a practice commonly referred to as "skip tracing," and it helps attorneys, collections professionals, bail bondsmen and even government agencies locate an individual with minimal investment. To initiate a search, an authorized user logs in to a simple, secure online system from any computer with Internet access, and enters a full or partial name or Social Security number. With a few clicks, the user can order an electronic report that contains the search subject's current and former addresses, aliases, vehicle records, court actions, and known relatives and associates. The service references more than 30 years of address information, and it lets users quickly and efficiently check against billions of records that represent nearly 98 percent of the United States' adult population. According to Tom Clowdus, SourcingPoint Solutions' senior VP of sales, the new PersonLocate service was introduced in response to growing demand from professionals with needs "outside the scope" of typical background screening applications. "There was a whole segment of the business community missing out on the benefits of our screening services," said Clowdus. "While they understood and embraced the need for the employment and tenant screening we offer, many were also looking for a cost-effective way to recoup loss and speed settlement. Our PersonLocate service gives them that capability." Clowdus added that the service, priced at $35 per profile, is an "extremely economical way" to differentiate between "valuable leads and dead ends." The new PersonLocate service is available to registered accountholders through the SourcingPoint Solutions Web site at www.sourcingpoint.com. Since the service is part of the company's PowerScreen offering, users get access to the complete PowerScreen line, including Social Security traces and credit history checks, criminal history data, Office of Foreign Assets Control (OFAC) "watch list" checks, drug screening, and employment eligibility status (I-9) verification. Account setup is free, and training is provided. SourcingPoint Solutions is a provider of information management services to customers in a broad range of industries, from litigation and real estate to mortgage lending, architectural engineering and hospitality/gaming. For more information, visit www.sourcingpoint.com.
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Apr 23, 2008
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