Recovery Claims Optimization
Lenders today are feeling pressure from all sides as they try to enhance compliance, protect their brand, and deliver the greatest value to their borrowers. Growing scrutiny from a complex, dynamic regulatory environment is straining your resources – all while financial institutions nationwide are experiencing ongoing staffing challenges and siloed technology, resources, and processes that are creating additional obstacles.
By outsourcing recovery claims to a trusted and proven partner with a team of specialized staff and resources, you reduce your administrative burden, improve compliance, prioritize your end consumer, and protect your brand.
Reduce Administrative Burden, Maximize Efficiency and Results
In response to mounting regulation and litigation, lenders across the country are reexamining their current practices for providing accurate and timely refunds to their borrowers. Many are implementing in-house processes in an effort to maintain compliance while reducing costs. However, while seemingly more affordable, this approach comes with several challenges and risks. These complicated workflows involve multiple departments and depend on specialized resources, knowledge, and technology to succeed. And when timing and precision are key for compliance, inefficiencies can lead to errors and delays you can’t afford.
By outsourcing Recovery Claims to Allied’s team of experts, you:
- Improve compliance
- Protect your brand
- Maximize the benefit your borrower receives from their GAP claim or refund
- Optimize recovery proceeds
- Free up staff to focus on your core business: lending to consumers
