Loan Automation simplifies the lending process
The decision to use Loan Automation simplifies many aspects of your lending activities.
Consider the investments you may have already made or may be considering to make to support loan servicing needs:
Procure and install IT infrastructure to support the service;
Hire and train loan servicing agents;
Implement processes to accept payments via mail, email, and mobile/online; and
Establish expertise in the areas of delinquency and default management, and recovery and remarketing of returned vehicles.
That’s a big commitment of capital and ongoing operations expense. An alternative approach to meeting these needs is using Loan Automation by MLS. With all of the required infrastructure, staff, and experience, MLS can deliver services more efficiently and cost-effectively.