TransUnion Third-Party Collections
09/03/2019
Blog
For deep skip tracing, TransUnion’s TLOxp® is your go-to source for 360-degree reports that provide powerful data to conduct specialized manual research. But when you need to process large numbers of records in bulk, TransUnion’s batch processing is the way to go. Batch processing is perfect for acquiring consumer contact information, helping to segment your inventory, and monitoring for changes. (See the table below to see how batch processing complements TLOxp.)
With batch processing you’ll have access to the freshest and most comprehensive phone, address, employment and segmentation insights, so you can get closer to reaching the right party quickly and mitigate risks.
Moreover, it speeds up and streamlines high search volumes, helping you drastically improve your debt recovery efforts. With batch processing, you can process thousands of records — day or night — in a single inquiry, making the process even faster. And with the ability to build flexible, customized processes, you choose how your insights are delivered.
TransUnion filters each subject through a vast data repository of billions of records from thousands of data sources, and then delivers multiple reports in one efficient file — usually within hours.* Plus, with select searches, you gain the ability to monitor for changes and receive automated notifications the moment a consumer’s circumstances change.
Nobody does consumer contact quite like TransUnion, and TLOxp and batch processing make for a powerful one-two combination. Think of it this way: The TLOxp direct online interface is ideal for deep manual skip tracing and specialized research. Batch processing, for its part, uses automated workflows to deliver bulk phone, address and employment insights that give you efficient, timely results to help you contact the right consumers — fast.
Batch also affords you the ability to monitor for timely updates — ensuring your team always has the freshest contact information at their fingertips.
With batch processing, you can scrub new inventory to help identify and help segment specialized inventory to strengthen your collections strategy and reduce exposure. You can, for example, segment for Bankruptcy, Deceased, Active Military, Incarceration, Lawsuit History and phone line type via Cell Suppression. That enables you to focus on collectable accounts — and create special treatment plans for high-risk consumers.
TLOxp | Batch Processing | |
---|---|---|
Run a myriad of manual searches and reports on individual subjects | ||
Conduct deep skip tracing investigations on complex accounts | ||
Access TransUnion’s vast repository of public and proprietary consumer records | ||
Fresh phone, address and employment insights to help reach the right party — fast | ||
Compatible with major collections management software platforms | ||
High-volume search capability | ||
Proprietary phone number scoring to help guide contact strategy | ||
Scrub your portfolio to help identify and segment specialized inventory | ||
Multiple searches delivered in one efficient file in rapid time | ||
Monitor for timely updates |
TransUnion’s specialized risk solutions securely integrate with most of today’s software systems using standard XML gateways and SOAP interfaces. This allows you to view search results using your current and familiar applications.
Ultimately, by using batch processing, you’ll experience more efficient operations, less risk and ultimately — increased recoveries. Batch processing complements TLOxp and does the heavy lifting — so you can spend more time collecting.
TLOxp® is available to qualified Subscribers for permitted uses. Subject to individual Subscriber data permissions.
The TLOxp solution is not provided by a "consumer reporting agency" and does not constitute a "consumer report," as these terms are defined by the Fair Credit Reporting Act, 15 U.S.C. Section 1681 et seq. ("FCRA"). The TLOxp solution may not be used in whole or in part as a factor in establishing an individual's creditworthiness or eligibility for credit or insurance, or employment, nor for any other purpose under the FCRA.
*While unlikely, there may be instances where results may not be delivered instantly, in real-time or in seconds due to factors outside of TransUnion Risk and Alternative Data Solutions' reasonable control, including any force majeure event or customer internet access problems.