Below you'll find a list of all posts that have been categorized as “Managed Servicing”
For many credit unions, vehicle auctions detract from their core financial focus. The complex relationships between auction houses and transporters, along with volumes of off-lease vehicles and repossessions, are motivating credit unions to seek greater efficiencies.
Loan servicing is a crucial aspect of the financial industry that involves managing and administering loans on behalf of lenders. …
The sustained economic growth of recent months and an optimistic outlook presents credit unions with an opportunity and a challenge. There’s an opportunity to deliver additional financial services to new and existing members who want to leverage their improving financial standing.
In today’s evolving lending landscape, lenders encounter numerous challenges, including regulatory burdens, operational costs, resource constraints, scalability and flexibility needs, …
When you hire a third-party loan servicing company to go through each of these steps with you, your credit union will enjoy many benefits, including better portfolio performance. If you want to manage assets more effectively, consider hiring an auto loan servicing expert.
Consumer finance companies have witnessed a significant shift towards end-to-end lending solutions, particularly accelerated by the COVID-19 pandemic. While the …
The consumer lending sector has largely recovered from the pandemic, though COVID made a significant mark on the technology lenders …
Outsourcing has become essential in just about every industry, and the auto finance sector is no exception. Managed services provides …
It really should be a no-brainer to acknowledge that any positive experiences a customer has with a company will lead …
In our work with community banks, many have voiced the need for greater efficiency in handling high-volume, repetitive loan servicing processes. We’ve identified three compelling reasons why community banks are outsourcing loan servicing.
In-house processing was once one of the few effective options for banks, credit unions, and other lenders to manage their …
Delinquent account recovery is a serious financial drain for lenders. Mailing out late statements and hiring staff to call debtors daily is an incredibly expensive process. In some cases, lenders may spend more on account recovery than they’ll get from their borrowers after they pay off the outstanding balance.
