Just as loan originators anticipate the need to ease consumer borrowing by providing on-line loan applications and instant approvals, so do accounts receivable collection utilities, whether deployed or hosted, by early-out contact reminders that pre-empt serious delinquencies. Proven to retain the goodwill of borrowers while conforming to regulatory best practices, early out contact is most superior debt collection method yet devised to retain the integrity of the most vital asset of P2P lenders, their loan originators, and profits to direct individual and institutional investors, and aftermarket securitized security owners, all while protecting the good credit rating of consumers. Everyone is a winner.
To manage the explosive growth of P2P lending, a high performance software platform is required, as is accounts receivable management expertise, all to ensure compliance and security, and seamless interface with such operative systems that can support a central architecture requirement embracing a wide range of operational functions including open source technologies, communication platform options, SIP trunking features, auto-dialer use, ACD functionality, call recording technology and IVR speech to text conversion.
The investment for engineering and maintaining P2P required technology and analytics must be carefully weighed against hosting a proven debt collection solution.
---Mitch