VeriFacts' JobTrace Product Patent Pending

STERLING, Ill. – In May 2009, after a year of development and internal testing, VeriFacts, Inc., released to select clients their beta format JobTrace product. This batch solution applies intelligence gained from over 20 years of manual investigation and data, now available in electronic format, to produce the most probable place of employment location for a consumer. Since that time, the process has been enhanced and officially released in the Credit and Collections marketplace processing over 5 million records with an average 43% hit rate yielding 15-25% verified accurate places of employment.

Today, from their Sterling, IL headquarters, VeriFacts, Inc. announces that their JobTrace product is now patent pending. U.S. Patent Application Serial No.61/408,999 was officially filed with the U.S. Patent and Trade office November 1, 2010.

JobTrace was initially developed as a labor saving tool for internal staff use, not knowing the level of accuracy we would eventually be able to reach, noted Jessie Skibbe, Vice President of Operations & Compliance. Our unique position of actually using our own product allows us the opportunity to continually test the quality, as well as make enhancements, as needed.

For over 20 years, VeriFacts has specialized in providing the credit/collections industry with top quality location information. Skip tracing has been our only business, and we view our work as both a science and an art. Our staff consists of highly skilled and experienced skip tracing professionals.

Combining databases with our own proprietary algorithms, search processes, and expert phone inquiry skills, generates strong results in our ability toconsistently produce locate rates that meet and exceed each clients needs and expectations. VeriFacts delivers innovation and  sound value to the location process. We assist creditors, agencies, attorneys, and debt purchasers. Our effective skip tracing ability has resulted in numerous long term client relationships.

The JobTrace program has afforded our firm with access to a wealth of employment information, which we have utilized in each phase of our collection practice. Ultimately, the increase in post-judgment collections is what landed JobTrace at the front of our asset search waterfall. I would recommend this to anyone looking for a practical way to increase their overall collections at a low cost.

For further information call 800-542-7434 or visit http://www.skiptracers.com

About VeriFacts

For over 17 years, VeriFacts has specialized in providing the credit/collections industry with high quality location information. Skip tracing has been our only business, and we view our work as both a science and an art. VeriFacts delivers innovation and value to the location process. We serve creditors, collection agencies and attorneys, and debt purchasers. Many of our clients refer accounts that have been skip traced in-house or by collection agencies and have not been located. It is also the reason our client relationships tend to be long term.