SWBC Switches on AutoPilot Service
SWBC here has launched AutoPilot, which the company describes as a toolkit combining easy-to-use workflow functionality with insurance and collection services.
SWBC said it created autopilot to help financial institutions reduce cost and save time when managing their portfolios. The company says it will help lenders reduce overhead, improve delinquency rates and resolve insurance claims faster.
Key products available with AutoPilot are insurance tracking, lender-placed coverage, payment services, electronic payment technology, asset recovery, repossession, remarketing and legal services, SWBC said.
"Credit unions are continuously searching for best-practice technology to complement their focus on improving functional processes associated with loan portfolio management," said Brad Young, SWBC senior vice president for business strategy, in a news release. "This effort is critical in order to drive profits to the bottom line and ultimately deliver better returns to their membership. Creating a collaborative environment which efficiently links them with key business partners through integrated communication tools and workflow clearly accomplishes that central objective." (c) 2008 Mortgage Servicing News and SourceMedia, Inc. All Rights Reserved. http://www.mortgageservicingnews.com/ http://www.sourcemedia.com/