Press
Lending Solutions, Inc. Signs Six Credit Unions For Collections Support
Company Touts Proven Approach, Outstanding Results
ELGIN, IL (May 1, 2013) – Lending Solutions, Inc. (LSI) is excited to announce that it has signed six new clients for its collections outsourcing service so far in 2013. The clients include Centric FCU (LA), Compass Financial FCU (FL), Earthmover CU (IL), R-G FCU (MO), Sno Falls CU (WA), and Tri-Cities Community FCU (WA).
Lending Solutions has been assisting credit unions with collections for over 15 years – handling everything from early stage, late stage, and entire portfolios. The company offers a complete, turn-key solution which can be customized for the unique needs of each credit union. Exclusive features of the service include:
• Collection of all types of debt
• Real-time activity in the credit union’s collections platform
• Exclusive Payment Reminder Program designed to confront early stage delinquencies
• Full service solution via partnership with Allied Solutions’ CenterPoint portal
LSI has received a great deal of positive feedback from its collections clients in recent years. Premier FCU in Greensboro, NC started using LSI’s payment reminder program in December 2010 in order to make courtesy calls to their members that were less than 20 days delinquent. The credit union’s overall delinquency goal is 1.5% and they have consistently beaten that goal since partnering with LSI, averaging between 1.1% and 1.25% in 2011 and 2012. Eric Tapio, Vice President of Lending at Premier, states, “I have nothing but good things to say about LSI and the early reminder program. Their call back system is consistent and has helped us lower our delinquencies and meet our goals these past two years. The service has more than paid for itself.”
About Lending Solutions, Inc.
Lending Solutions, Inc. has been a provider of lending center services and consulting programs for financial institutions across North America for 19 years. The company’s highly-trained, professional staff provides 24-hour lending and member service to over 300 of North America’s premier credit unions, banks, and mortgage companies. For further information on Lending Solutions, please visit the company’s web site at www.lendingsolutions.com.