If you’re a Vehicle Finance Company, Credit Union, Buy Here Pay Here, Fleet Management (Vehicle Rental, Recreational Rental, Asset Rental, Tool Rental, etc.), Industrial Fleet, Commercial Fleet (Tow Trucks Service, Educational Transportation, Senior Citizen Transportation, Tractor/Trailer, Spotter Service, Ambulance) and you want to reduce risk while improving business, then “Lender Outlook” is t
he solution. When coupled with a GPS location device, this web-based application keeps tabs on your leased and financed vehicles at all times. Highly configurable and 99.9 percent accurate, LenderOutlook integrates with most loan management programs to give you a more robust solution. Through the current economy and the industry-wide spike in repossession, many dealers and lenders have looked to Global Positioning Systems (GPS) and starter interrupt devices to help them manage their portfolio risk. These devices are from being a panacea-and far from a collections solution “in a box”. But this technology however, taken in tandem with proven servicing and collection strategy can help dealers and lenders manage risk and improve the overall return on their portfolios. GPS allows vehicles to be located online anytime, simplifying collateral recovery, while starter interrupt allows lenders to disable vehicles in the event of customer delinquency. GPS signal’s can be transmitted and tracked via various protocols and hardware; different devices and different ranges of reception and networks.
