Press Release
Contact:
Martha Willson, Director of Client Services
888-447-0324 x-114
marthaw@solutionsinfinance.com
Mike Lawson, DML Communications
760-845-8146
mike@dmlcommunications.com
Solutions in Finance Creates New Website to Manage Increased Collections Consulting Business
Los Gatos, CA – April 15, 2010 – With today’s financial services collection operations still in a quandary, Solutions in Finance (http://www.solutionsinfinance.com), a collections and lending operations consultant to the financial services industry, has revamped its website to manage its increasing business in this area. Solutions in Finance has answered many financial institutions needs for retooling their collection operations to manage the recent upsurge. Now the company has taken this knowledge and applied it to its website makeover for other credit unions and banks to gain valuable insight on how to manage their collections department.
“Many credit unions and community banks were blindsided by the incredible increase in collections over the last couple of years,” states Solutions in Finance Senior Vice President, Celeste Garcia Johnson. “What’s surprising is that there are still many, many others in the same situation today – needing help to streamline this area so it’s manageable. We’ve enhanced our website with more information to help these institutions that are in need of assistance.” Solution in Finance’s renovated website houses archived podcasts, newsletters, case studies, and other helpful information on how financial institutions can not only make their collection operations more efficient but streamline their lending practices – now that the economy is slowly recovering.
Along with its unique tiered services program – which allows the company to serve financial institutions at varied levels of need, the new website also outlines Solutions in Finances’ primary consulting services:
- Collections consulting
- Collections management
- Consumer lending consulting
- Lending management
“These services are so important right now because many credit unions and banks are still in need of help,” Johnson says. “There are financial institutions out there right now that have hundreds of millions of dollars in assets at risk for charge offs. However, they are more concerned about their budget and that’s scary. So if our new website can assist them in getting started to enhance their lending and collection practices, then it’s done its job. That’s the goal: to help credit unions increase their value.”
Solutions in Finance, Inc. is a Los Gatos, CA-based consulting firm that provides services for financial institutions in consumer lending, indirect lending, mortgage lending, and collection operations. The firm assists clients to create, improve, and maintain sound lending practices with overall superior credit quality. Collections operations best practices applications are introduced with new and improved strategies and processes, and a focus on decreasing delinquency and charge offs, and increasing charge off recoveries.