CASE STUDY: #323
$80 BILLION CONSUMER MORTGAGE FINANCIER
CLIENT #323 - CONTROLLING MORTGAGE DELINQUENCIES IN AN ECONOMIC DOWNTURN
Financial Recovery Services:
ENGAGEMENT WITH PRS COLLECTION SERVICES
PRS provides early out and pre-collection programs to assist our clients with maintaining their valued customers. The strategies implemented our designed to Improve roll rates, Lower delinquency, Reduce charge off, drive liquidation and enhance our client’s revenue stream.
PRS employs the industries leading edge suppliers of research technology to develop internal automated scrub processes and external networks resources. Through these systems we initiate extensive inquiries to optimize our finds and deliver the best results to our clients.
PRS conducts asset and collateral identification analysis and provides economic solutions to our client’s customers by evaluating financial resources which lends assistance in reducing the amount of over extended debt to credit granters. It is the sincere efforts of PRS to assist customers of our clients with viable solutions that provide a worry free sense relief.
PRS offers full service collection and recovery solutions: Our niche is servicing Early Out, Pre Collection, Primary and Secondary markets. We specialize in Credit Cards, Consumer Loans, Auto Deficiencies and Mortgages collections. We have a proven track record of long term documented successful partnerships.
INITIAL PROJECT SPECIFICATION PHASE (DAY 3-7)
Upon engagement, PRS will preform an in-depth assessment of your receivables to help us understand your objectives. Once goals are established we will submit a collecting strategy and plan. This initiatives will detail tasks and assigned roles for all parties to ensure project success.
PROJECT PILOT PHASE (DAY 7-30)
We pride ourselves on exceeding expectations. So for roughly 30 days we employ a Pilot Program to test our efforts and make improvements. When improvements have been established we submit a formal Proof of Concept. Upon approval, we will begin internal training and ramp up resources as well as submit reports for your review .Customization to the collections platform preceding this phase will follow promptly.
PROJECT OPERATIONAL PHASE & ONGOING ASSESSMENT
Everything typically runs smoothly in the Operational Phase. We preform necessary improvements and management to insure ongoing net impact is recorded & improved.
A Dedicated Collection Team armed with dialer technology to increase volumes, and extensive in-house skip trace waterfall techniques services each client, with Custom collection strategy, producing collection Activity within 3 Hours of Placement
Utilizing federal & State regulation indicators along with Text to Speech Technology accounts are accessed and then stamped with collectors initials, time and dates every time. Once posted, details documented in account history cannot be edited or deleted.