OVERVIEW

With UltraData® Enterprise Collections, collectors can define up to 15 stages of delinquency to tailor a progressive series of collection methods. Research shows that better targeting leads to increased recovery. With UltraData Enterprise Collections, members can be contacted and counseled before problems worsen. This saves time and reduces charge-offs, minimizing losses related to delinquent loans. These tools allow you to take timely action on delinquencies, defaults, late pays, repossessions, bankruptcies and overdrawn accounts, as well as proactively monitor and manage "at risk" accounts.

UltraData Enterprise Collections provide your credit union with:

• Comprehensive Contact Management
• Customizable Workflow
• Customizable Criteria to Automate Counseling Process
• Productivity Tools for Collectors
• Task-level Security
• Production and Management of Late Notices
• Charge-off Functions for Loans/Share Accounts
• Statistical Reports for Bankruptcies, Repossessions, Loan Losses

UltraData Enterprise Collections enable your credit union to:

• Reduce supervisors’ workloads by automating the assignment of accounts to collectors
• Use automated follow-up criteria and letter generation capabilities, allowing collections officers to contact and reach agreements with a larger number of delinquent members
• Improve collections results
• Improve collections management
• Improve collections tracking