Auto Finance
MVTRAC helps lenders, credit unions, captives and any Auto Finance organization reduce recovery rate timelines and maximize portfolio values with our MVFastTrac™ solution.
Offered as a service bundle on The Intelligent Data Network™, MVFastTrac™ streamlines tracking, locating, recovering and remarketing motor vehicles for fraudulent and delinquent accounts.
Financial institutions simply upload their delinquent account details into the network, then use the real-time online database interface to watch MVTRAC specialists manage the entire process. The vehicle “hotlist” is distributed into MVTRAC’s worldwide monitoring system, which consists of Automatic License Plate Recognition (ALPR) cameras for vehicle location; recovery specialists for fast, compliant recovery and field agents for remarketing services.
Recovering assets doesn’t have to involve large numbers of FTEs, exhaustive time management and processes spread across multiple companies throughout the nation, in order for your asset recovery process to become more timely, more productive and more profitable.