Using advanced analytics to identify what assets should be recovered, Verifacto will simplify your auto recovery process by generating and presenting to each lender a list of high-risk assets. Our proprietary technology assigns each asset a risk score and allows lenders to start the recovery process with the click of a mouse.
Verifacto is a leader in insurance tracking, with a proven track record in reducing the risk for lenders by offering a cost-effective technology solution which allows you to track in real-time the status of your collaterals’ insurance. Verifacto offers a number of important solutions, such as: insurance tracking, collateral protection insurance, payment reminders, payment processing, auto insurance, and smart recovery. It is the goal of Verifacto to manage our clients’ insurance, compliance, as well as exposure to the risk of collections and the potential need for auto recovery.
By utilizing our secure, cloud-based technology, our clients in the auto lending and insurance industry regularly see a reduction in risk of loss, compliance issues, and the additional costs associated with these. Verifacto serves an industry which sees billions of dollars in losses every year. Our software is designed to mitigate your risk while assisting you in all phases of the lending process, from initial coverage to auto recovery. Contact Verifacto today to learn more about the features and solutions we have to offer. Now is the time to start your demo and see how much Verifacto can do for you.