How Banks and Credit Unions Can Use Automation to Solve Operational Inefficiencies
Automotive loan recovery can be a resource-heavy, time-consuming process, especially for small banks and credit unions. Manual tracking of delinquent accounts, contacting borrowers, and managing repossessions often lead to delays, errors and rising costs for the lienholder. As the number of delinquent auto loans continues to rise this year, it’s imperative for banks and credit unions to get ahead. How? To streamline the auto loan recovery process, many are turning to the power of automation to accelerate vehicle recovery, manage compliance, and pay service providers.
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