Repo Servicer Announces Integration

By Staff Writer June 28, 2024

Strategic Remarketing Services, a provider of repossession and remarketing services, announced that its platform will be integrated with MeridianLink. The integration allows lenders to more efficiently and securely share data between SRS’s business and MeridianLink to drive quality and efficiency in the collections process.

“SRS is delighted to partner with MeridianLink,” said Jeff Bescher, President and co-founder of SRS. “Our secure, seamless integration with MeridianLink® Collect enables our clients to maximize returns while minimizing cost and risk, so they can more efficiently process delinquencies. We look forward to a long, successful relationship with MeridianLink.”

MeridianLink Collect is designed to help financial institutions keep track of their collections and limit repetitive clunky tasks. The cloud-based software eliminates the need for FIs to update their software so they can focus solely on their customers. The software is easy-to-use and provides a variety of customizations, automation, and communication methods all in one system, so that collection managers can efficiently connect with members in a timely manner.

Tom Haeberer, VP of Sales and Operations of SRS said, “Cloud-based software — such as MeridianLink Collect — provides efficiency and scalability so collection teams can spend more time resolving delinquencies and less time on software updates and manual tasks.”

“Prior to the disruption, the total sales forecast was tracking at 1.41 million units, so the effect of the disruption is significant. However, it will not affect overall demand in the long term. Sales will be delayed, but the majority will likely occur in July shortly after the situation is rectified and sales are being made despite system outages. Indeed, if there is one thing that the pandemic demonstrated to the auto industry, it’s that dealers are very adept at dealing with adversity and have been effective in rapidly identifying ways to deliver vehicles to buyers.”

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Last modified on Monday, 01 July 2024 09:12