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CIS has announced that in 2016, the company will celebrate their 30th year in business. CIS is a national consumer reporting agency founded in 1986 in Sparta, N.J. CIS began serving the local mortgage industry with consumer credit reports.
“In 1986, credit was merged manually from the three credit bureaus and phone investigations were completed on each trade-line … a world-away from the instant tri-merge credit reports CIS delivers today," said Nancy Fedich, CIS CEO. "We developed a culture of being the market leader in releasing new products and reaching new industries. We began by offering employment reports and property information to mortgage clients using CIS credit, and have never stopped continually improving our products, service & platforms.”
In 2001, CIS opened an operations center in Portland, Ore., expanding along the West Coast. CIS's expertise in background investigations for employment screening led to growth in the tenant industry, where CIS provides credit checks and criminal searches. CIS also expanded into the business-to-business industry.
“We leveraged our growing suite of products and services to fulfill changing client needs and reach new industries. For example, our ability to check commercial credit and tax returns on commercial loans for the mortgage industry, enabled us to service B-to-B companies’ vendor management needs and minimize account receivable exposure," said Fedich.
To support growth, the corporate offices moved to Allamuchy, N.J. and a production center opened in Baltimore.
“The CIS suite of solutions grew extensively to help clients mitigate risk and grow opportunity in a compliance-driven environment," said Mike Brown, CIS president. “CIS's screening provides a competitive advantage, leveraging our 30-year leadership in delivering FCRA (Fair Credit Reporting Act) regulated data.”