I have known Dr. Larry Bookman for approximately four years. In my time as Director of Credit Risk Management for a vehicle finance unit of a major Bank, Larry was responsible for creating a custom model for predicting risk and scoring subprime auto loans. The model has been in production for the past three years and has performed extremely well, reducing delinquency and losses materially. The net effect has been annual loss reductions of approx. 20% from pre-recession levels, and approx. 50% from the losses experienced in the 2008-2009 timeframe. In dollar terms the savings are in the tens of millions. As evidenced by our experience, Larry and team have excelled at building a highly predictive model that created real value for our business.