Featured Case Study
Advantis Credit Union (Milwaukie, OR)
Assets: $810 Million
LSI Product: Collections Outsourcing
Bottom Line: Delinquencies dropped 36% in first 8 weeks of bringing on LSI
Background:
With unfavorable economic conditions still prevalent, Advantis was facing rising delinquencies, especially in their indirect lending portfolio.
Results:
LSI started working with Advantis’ indirect portfolio on January 12, 2010 when their delinquency percentage was at 5.02%. In just 8 weeks time (as of March 5, 2010), LSI had cut that rate to 3.22% - a 36% decrease in total dollars delinquent and a 38% decrease in the number of delinquent accounts.
Your 24/7 Branch - Quality, Value, Results!
For the past fifteen years, hundreds of credit unions and other financial institutions have enhanced their market position and strengthened their loan portfolios by partnering with Lending Solutions, Inc. (LSI). LSI’s 24/7 lending and member service call center continues to lead the way – combining innovative, value-added services with a distinctive approach that has revolutionized the way institutions facilitate consumer lending, mortgage origination & processing, collections, and member service transactions.
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