[ADiamond]

has anyone used Transunion TLOxp for their underwriting? It looks a lot like Thompson Reuters CLEAR, just want to see if anyone has any success with it as opposed to CLEAR?

[CreditGuy]

Pricing was considerably better before TU acquired them. The functionality of some stuff is more robust and data aggregation is a little faster, but with anything there are tradeoffs. TLO seems to be geared more towards skip tracing and asset discovery for law firms and collections than it is designed for data verification and public records search use cases common in our industry. We get the most lift around data verification, public records (UCC, SOS, etc.), and pre-funding due diligence from Accurint. Criminal records and background checks work best in CLEAR. We maintain accounts with both Accurint and CLEAR to cover the majority of our use cases and didn't see the need to sign up with TLO.

For a little history, Hank Asher founded TLO after he sold Seisint/Acurint to LexNex in 2004 and then they forced him out. He built TLO (The Last One) to be a middle finger to LexNex with pricing to match. TLO racked up $100M in debt and went to BK and was acquired by TU at auction. Asher died later the same year.

[jake2276]

Pricing was considerably better before TU acquired them. The functionality of some stuff is more robust and data aggregation is a little faster, but with anything there are tradeoffs. TLO seems to be geared more towards skip tracing and asset discovery for law firms and collections than it is designed for data verification and public records search use cases common in our industry. We get the most lift around data verification, public records (UCC, SOS, etc.), and pre-funding due diligence from Accurint. Criminal records and background checks work best in CLEAR. We maintain accounts with both Accurint and CLEAR to cover the majority of our use cases and didn't see the need to sign up with TLO.

For a little history, Hank Asher founded TLO after he sold Seisint/Acurint to LexNex in 2004 and then they forced him out. He built TLO (The Last One) to be a middle finger to LexNex with pricing to match. TLO racked up $100M in debt and went to BK and was acquired by TU at auction. Asher died later the same year.

I use TLO used to use clear.. I like it, i do find though in regards to possible lawsuits clear pulled more info then TLO.
That being said TLO is a much faster and cleaner interface to use.

[soscap]

We use TLO and find it to serve our underwriting needs.