Reducing Defaults and Losses: Best Practices from ACS
Nothing damages otherwise healthy portfolio performance more than client defaults and losses. It’s critical for long-term success to get these accounts back up to speed as quickly as possible. By implementing strategies proven to help struggling accounts, you can see significant progress quickly to protect your business’s overall financial health and reputation. Let’s explore the […]
What Mistakes Are You Making? 5 Critical Mistakes Asset-Based Lenders Should Avoid
Even in good times, asset-based lenders and lease finance companies often make costly mistakes that bleed profits, damage customer relationships, and tarnish brand reputations. When originations are up, watching deficiency balances skyrocket too is maddening. After over 25 years helping banks, captives and independents, we’ve identified 5 critical mistakes to avoid: Fortunately, there are steps […]
Navigating Regulatory Risk Across Jurisdictions: A Guide for Asset-Based Equipment Lenders and Lease Finance Companies
Executives at equipment lending or lease finance companies know that regulatory compliance is crucial for their business’s success. Noncompliance can be extraordinarily costly – affecting not only overall financial performance, but your organization’s reputation and ability to generate new business. Aggravating the situation, regulatory variability across federal, state, and local jurisdictions makes keeping up challenging […]
Managing Risk in Your Fleet Loan Portfolios
Lenders and lease finance companies that finance fleets of ten to five hundred vehicles and/or equipment units know. The multiplied risk exposure you face in any environment demands proactive portfolio management. That’s especially true in today’s tightening credit environment. The increased risks lenders face today are the product of a variety of circumstances. The Federal […]
Navigating the Shifting Tides of Asset-Based Lending in 2024
In the dynamic world of asset-based lending, the winds of change are blowing. Recent buzz at industry conferences and in financial circles has been dominated by three key concerns: escalating worry over default rates, the decline in asset values, and an unmistakable spike in bankruptcies. Here at Asset Compliant Solutions (ACS), we’ve seen these conditions […]
Get Ahead of the Worsening Credit Crunch: 5-Tips for Independent Asset-Based Lenders
For some independent asset-based lenders, securing sufficient operating capital is becoming a growing problem. Why? Because, increased regulatory scrutiny on credit quality following the first quarter’s bank failures is causing banks to rethink their lending practices. As part of this tightening trend, banks have begun to reduce warehouse lines of credit for independent asset-based lenders, limiting […]
Wipe Away Worry with ACS Collateral Recovery Services
When it comes to collateral recovery as a function of asset management on underperforming loans it’s natural to have some discomfort surrounding your portfolio’s performance. Every challenged customer represents an opportunity and a risk. Savvy stakeholders know it’s important to minimize the latter whenever possible. ACS alleviates clients’ concerns by providing a higher level of […]