Switch

Put Your Repossession Strategy on Autopilot.

Repossessions can be complex, costly, and manual. Simplify the process with Switch by setting custom rules and an activation schedule to route cases to your preferred service provider. Then, assign and watch your cases progress through tiers based on your set rules.
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Increase Cost-Savings & Efficiency

Set up rules based on preferred vehicle and case attributes to route cases to desired service providers
Automate assignments, reassignments and LPR providers to create a seamless and efficient recovery process

Speed Up Days-to-Repo

Create a tiered repossession strategy by selecting service providers and determining distribution percentages
Build schedules to assign cases to preferred agents within a set timeframe

Boost Recovery Rates

Access reporting to assess the performance of each strategy and service providers
Make changes to strategies and implement updates in real-time
“We rely heavily on Switch for its automation capabilities and real-time adaptability in our repossession strategy. These features have significantly improved efficiency and reduced workload, allowing our teams to focus on more strategic, revenue-generating tasks.”
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-AVP of Performance & Strategy at a Large Financial Services Company

FAQs

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.

Ready to increase recovery rates and cost savings?
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