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RecoveryConnect's Switch simplifies repossession strategies by using automation to assign cases, enforce recovery rules, and accelerate vehicle recovery. Switch automates assignments, reassignments, and LPR to create a seamless and efficient recovery process. It also tracks performance to assess the impact of each recovery strategy and service provider to optimize your approach and make real-time changes to your repossession strategy.
A recovery assignment strategy defines how repossession cases are distributed to forwarders or recovery agencies. Strategies may consider geography, vendor performance, compliance history, recovery rates, workload capacity, and business rules.
An automated tiered assignment strategy helps lenders consistently route cases to the most appropriate vendor based on predefined criteria. This can improve recovery performance, reduce assignment times, increase operational efficiency, and support compliance objectives by applying rules consistently across every case.
Yes. RecoveryConnect enables automated assignment workflows that help lenders distribute cases more efficiently using configurable business rules and data-driven processes.
