Black Book tapped a former SunTrust Bank executive today to be its new vice president of lender solutions.
Joining the company and bringing 20 years of automotive finance industry experience is Barrett Teague, who will be responsible for overseeing strategic operations to help Black Book’s automotive finance company clients leverage vehicle data and collateral analytics for profitable portfolio management and expansion.
Prior to joining Black Book, Teague was a group vice president and 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.
Teague 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 lending institutions, 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 can allow these firms to make quick and accurate decisions that can impact their profitability.
“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,” Kalfus added.