The LoanPlus Collateral Management System (CMS) features an advanced suite of tools that provides lenders with continuous asset monitoring and is the operational backbone needed to manage high credit risk customers more effectively.
In fact, lenders using the LoanPlus CMS increase their collections by up to 4 times using rich tools and features such as:
- Automatic alerts – alerts are sent to drivers when they are delinquent
- Disable vehicles when delinquencies exceed a "grace period", by remotely disabling the starter
- Re-activate vehicles after payment has been made
- Locate a vehicle for recovery
Integrating this technology has allowed lenders to price their loans more competitively, thus gaining market share.