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Wednesday, November 14 • 11:00am - 11:30am
Best Practices for Mitigating Losses on Collateral

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One in eight motorists are uninsured in the U.S. (13 percent). Uninsured rates among subprime portfolios rate approximately 35-40 percent; among prime, 15-20 percent. These are significant numbers. Many lenders to not currently have a cost-effective solution for ensuring collateral protection. Additionally, many lenders are not maximizing claims recoveries or accurately forecasting data losses. There is a trend toward data-driven solutions that provide increased analytics and enable improved borrower outreach strategies. This session will provide tangible strategies for ensuring collateral protection and loss mitigation.

Takeaways:
• Practices and strategies for collateral protection
• 5 steps to take now to reduce collateral losses

Speakers
avatar for Steve Garcia

Steve Garcia

Director of Auto Claims, DIMONT
Steve Garcia is a senior level operations executive with more than 20 years’ experience in all aspects of auto servicing operations, including customer service, quality assurance, collections, bankruptcy, post charge off collections, repossession, remarketing, and loss mitigation... Read More →



Wednesday November 14, 2018 11:00am - 11:30am
Rainmakers A

Attendees (12)