In today’s lending environment, finance companies and Related Finance Companies (RFCs) need more than just a basic loan management system (LMS). They need automation, real-time visibility, compliance tracking, and integrated customer communication — all in one place. That’s exactly what Verifacto delivers.
Here’s why Verifacto is the top choice for finance companies and RFCs:
1. Built to Manage Risk, Not Just Loans
Verifacto isn’t just a system to track payments — it’s designed to minimize risk and reduce losses. With automated compliance tools, AI-driven collections, and real-time insurance tracking, the platform helps lenders stay ahead of delinquencies and insurance lapses. This is critical when every day a loan is late or uninsured increases exposure.
2. AI-Driven Collections & Communication
Manual collections are slow and expensive. Verifacto replaces outdated workflows with an AI-powered system that sends automated texts, emails, and even WhatsApp messages based on customer behavior. It tracks promises to pay, follows up automatically, and escalates accounts when needed — all without lifting a finger. For high-volume lenders, this kind of automation can cut overhead while improving recovery.
3. Integrated Insurance & CPI Management
One of the biggest gaps in most LMS platforms is insurance management. Verifacto closes that gap with built-in tools that detect expired or missing insurance policies and automatically place Collateral Protection Insurance (CPI) when needed. This ensures your portfolio stays protected and compliant without additional staff or third-party tools.
4. Real-Time Payment Processing
Verifacto makes it easy to accept and post payments in real time via ACH, credit/debit cards, or cash — whether it’s one location or several. Payments are automatically applied to the correct balance, and the system supports recurring payments to help reduce late accounts. Plus, the platform comes with a merchant account built in, making it a true all-in-one solution.
5. Designed for RFCs
RFCs often deal with unique reporting, compliance, and loan sale challenges. Verifacto supports portfolio segmentation, state-specific document handling, and back-end sale workflows through its LTC (Loan Trading Center). This helps RFCs easily manage active portfolios while preparing batches for resale — all from the same dashboard.
6. Fast Onboarding. No Licensing Fees.
Unlike legacy systems that take weeks to set up and charge steep upfront costs, Verifacto offers rapid onboarding — often within days. There are no licensing fees for the LMS when used with Verifacto’s insurance tracking and payment processing. The business model is usage-based, so you only pay when you’re actively making money.
7. Unmatched Support and Customization
Every finance company has its own workflows. Verifacto is built to adapt to your business — not the other way around. The platform is fully customizable, mobile-friendly, and supported by a U.S.-based team that understands the BHPH and RFC business inside and out.
Final Word
Verifacto is more than an LMS — it’s a full-service, cloud-based platform built to improve profitability, protect assets, and simplify operations for finance companies and RFCs. If your current system is costing more in staff time, late accounts, or missed compliance steps, it’s time to upgrade.
Schedule a demo today and see how Verifacto can help you work smarter — not harder.
