Just ahead of the American Financial Services Association’s Vehicle Finance Conference, Allied Solutions announced the restructuring of its claims and recovery product, REPOPlus & Track.
The provider of insurance, lending and marketing products to financial institutions in the U.S. for more than 35 years, explained what’s new with REPOPlus & Track on Monday. In addition to claims and recovery services provided with REPOPlus, four distinct insurance monitoring options are available in an effort to offer flexibility to lenders seeking a cost-effective, efficient insurance tracking solution. They include:
— Auto Match
— Basic Track
— Active Track
— Advanced Track
After years of offering REPOPlus as a recovery service to finance companies, Allied Solutions indicated that it utilized this experience to develop value-added tracking options to maximize cost benefit.
The company highlighted each track offers a variety of support for electronic insurance notifications, loan files, paper insurance documents and borrower communications. These options can provide insurance monitoring and tracking support for a myriad of finance companies, including small to large volume and prime to subprime markets.
Allied Solutions insisted the combination of REPOPlus & Track with insurance monitoring options can provide finance companies a comprehensive loss and recovery and optimization program. Track solution options range from basic to full coverage of service monitoring.
“Allied Solutions recognizes that our clients have a diverse set of needs when it comes to their monitoring and optimization programs,”, CEO, Allied Solutions chief executive officer Pete Hilger said.
“We have created a comprehensive solution that ensures lenders receive the information they need to best measure and assess risk, protect their collateral and ensure optimization of insurance recovery claims,” Hilger went on to say.
Allied Solutions will share additional information about REPOPlus & Track during AFSA’s conference, which begins on Tuesday in San Francisco.