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Black Book today announced that Barrett Teague has joined the company serving as Vice President of Lender Solutions. A 20-year automotive finance industry veteran, Teague is responsible for overseeing strategic operations to help Black Book’s automotive lender clients leverage vehicle data and collateral analytics for profitable portfolio management and expansion.
“We look forward to the leadership Barrett brings to the Black Book Lender Solutions team, especially given his extensive experience with indirect lending,” said Jared Kalfus, Senior Vice President of sales for Black Book. “Our Lender clients will quickly realize the strength and value Barrett offers as we continuously work to deliver innovative data solutions that will help lenders make profitable decisions.”
Prior to joining Black Book, Teague was a group Vice President, Consumer Banking Manager for SunTrust Bank’s Dealer Financial Services Division. In this role he was responsible for managing the credit underwriting team for the Indirect Dealer Services group. He also was responsible for aligning credit and risk policies, in addition to implementing programs that supported SunTrust Bank’s overall business objectives.
The Black Book Lender Solutions team supports automotive lenders, which include banks, credit unions, finance companies, and title lenders by offering vehicle data and collateral analytics to help build portfolios around the right vehicles. The ability to analyze historical, current and projected vehicle values in real time allows lenders to make quick and accurate decisions that can impact their profitability.
Black Book® is best known in the automotive industry for providing timely, independent and accurate vehicle pricing information, and is available to industry-qualified users through online subscription products, mobile applications and licensing agreements. A leading provider since 1955, Black Book has continuously evolved to ensure that it achieves its goal of delivering mission-critical information to its customers, along with the insight necessary to successfully buy, sell, and lend. Black Book data is published daily by National Auto Research, a division of Hearst Business media, and the company maintains offices in Georgia, Florida, and Maryland.