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LexisNexis Risk & Information Analytics Group announces alliance with Account Control Technology Inc.

National Mortgage Professional
Apr 28, 2008

LexisNexis Risk & Information Analytics Group announces alliance with Account Control Technology Inc.MortgagePress.comcollections solutions, debt recovery processes, analytics, debtor insight data LexisNexis Risk & Information Analytics Group and Account Control Technology Inc. (ACT) announced a strategic alliance that will lead to enhanced collections solutions and improved debt recovery processes. The first phase of the alliance, currently underway, involves blending LexisNexis' analytics and data with the collections experience and insight of ACT. "As an aggressive, growth-oriented company, we are always looking for new ways to improve our recovery rates and client service," said Don Taylor, president of ACT. "As a LexisNexis customer, we benefit from the quality of their analytics and wanted to find additional ways of leveraging their advanced technology. This alliance allows us to co-develop next-generation collections solutions while benefiting from the knowledge and expertise that both organizations have gained as leaders in collections technology." The new unique analytics solution combines LexisNexis debtor insight data with information and methodologies developed by ACT. The joint solution draws heavily upon RecoverScore solution, a scoring product that uses data mining techniques to identify the most collectible accounts in a debt portfolio. Utilizing comprehensive public records, highly predictive non-credit data and historical account-specific data, RecoverScore helps collectors predict the likelihood of debt recovery as well as the quality of individual accounts. "Through highly predictive analytic solutions such as RecoverScore, we have continually been able to help improve the recovery rates of countless collections agencies," said Rob Fite, vice president of collection solutions for LexisNexis Risk & Information Analytics Group. In addition to the scoring model project, ACT will serve as a live test-bed for LexisNexis products, providing a steady stream of feedback on existing solutions and on those products with joint collaboration. In addition, LexisNexis will work with ACT to analyze and refine the company's recovery processes. For more information, visit www.lexisnexis.com or www.accountcontrol.com.
Published
Apr 28, 2008
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