Vcheck uncovered more than $15M in debt associated with an alias that was missed by other investigations firms.
USE-CASE
Lending & Commercial Real Estate
REGION
United States
INDUSTRY
Commercial Real Estate
problem
A leading lender tasked Vcheck with vetting a commercial real estate developer seeking a large loan. The lender had previously tasked other investigation firms with the checks but believed that they missed potential liabilities as their research relied heavily on databases and not human-led research.
solution
Vcheck uncovered that the individual had legally changed his name to hide more than $15 million in debt. By conducting a local search for civil petitions with county courts, we were able to uncover the alias that was not detected by typical databases like Lexis Nexis and TLO. Our human-led and broader search methodology helped us discover additional records associated with the borrower, despite a misspelling in a county court record. This comprehensive approach allowed us to reveal the hidden debts that our competitors had missed.