The Loan Servicing System
Loan servicing is the process by which a company collects the timely payment of interest and principal from borrowers. The level of service varies depending on the type of loan and the terms negotiated between the agency and the investor seeking their services. In many cases today, companies become lenders as they offer special financing services to the consumer. Companies that offer such services take on a whole new aspect of business management as they go from a basic producer, to a producer and financer. If you have found yourself in this unique position, it is important to utilize the knowledge and service of a loan recovery agency to help you with the management of your new financial role. The agency software offered by Simplicity Collection Software can walk you through the steps necessary for your loan recovery solutions.