CL Collections - Loan Collection Software

Lenders today spend a lot of time, effort and resources following up with borrowers for payments, from repeated follow-ups to hiring collection agents to carry out the process. Lenders need a technology solution for automating and organizing their collection strategies that keeps track of the delinquencies and offers visibility into the collection process.

CL Collections is an advanced collections application that enables lenders to define and automate their collection processes, streamlines customer interaction across channels and reduces technical, operational and servicing costs.

Key Benefits:

  • Define collection strategies for emails, dunning letters and SMS communications
  • Automate tracking of delinquent contracts
  • Configure collection queues
  • Option to waive off charges on a borrower’s loan or lease

 

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Tags:
collection strategies, automation Collection, loan collection tracking, documentation, salesforce platform application, Loan collections