LLaaS Collections offers a full-featured Lending/Leasing suite of capabilities that is the perfect fit for any financial institution interested in reducing delinquency, increasing collections on charged-off loans and streamlining processes, such as default management, bankruptcy, foreclosure, repossession and fraud tracking.
View a complete history of an account’s related financial information (this includes all financial transactions, payments, delinquency ratings, and credit bureau information).
Assign accounts for collection activity based on any or multiple attributes (the system allows the financial institution to define its own work process rather than forcing it into a specific approach).
Electronically route delinquent accounts to other users for action or review, such as forwarding for management approval.
Enter, categorize and search unlimited comments and remarks; these fields are also time/date and user stamped, automatically.
Generate reports on collections, bankruptcy, foreclosure, and repossession activity for variance information, repossession assignments by vendor.