Andrew Coffey – Page 4 – Servicing Solutions | Loan Servicing, Call Center & Asset Recovery Specialists

February 01, 2024

The Anatomy of a Transition to a Backup Loan Servicer

By Andrew Coffey

The stability and reliability of loan servicing are cornerstones that uphold the industry. However, the unpredictable nature of today's...

January 19, 2024

Loan Servicing

Surging Credit Card Debt: Implications for Loan Repayment and Services

By Andrew Coffey

As of this past November, the United States saw a significant surge in consumer debt, with a staggering increase of $23.8 billion. What...

December 13, 2023

Auto Financing

Preparing for Auto Loan Financing in 2024

By Andrew Coffey

2024 is expected to bring significant changes to the auto loan industry as we navigate through uncharted economic territory. The future...

November 03, 2023

Training & Development, Uncategorized

Continuous Improvement: Applying Kaizen to Analysis in Loan Servicing and Beyond

By Andrew Coffey

In the world of managing oneself, people, and processes, one of the most effective methodologies for achieving continuous improvement i...

October 06, 2023

Auto Financing

Training to Nuanced Risk

By Andrew Coffey

Automobile and Powersport Vehicle financing are intricate domains. Borrower behaviors and economic realities combine to present countle...

September 22, 2023

Loan Servicing

Navigating the Future of Loan Servicing in 2023 and Beyond

By Andrew Coffey

The loan servicing industry is continuously changing, driven by technological advancements, shifting market dynamics, and changing cons...

September 08, 2023

Backup Loan Servicing

Selecting the Right Backup Loan Servicing Partner

By Andrew Coffey

Amid the ever-shifting terrain of lending, one certainty persists: the unexpected can strike without warning. Whether prompted by unfor...

August 11, 2023

Customer Experience, Subprime Auto Loans

Enhancing Ancillary Product Cancellations through Collaboration

By Andrew Coffey

In the dynamic world of auto financing, ancillary products play a pivotal role. These are supplementary offerings such as credit insura...

June 09, 2023

Collections, Compliance, Outsourcing

Compliance: Mitigating Risk and Safeguarding Reputation in Loan Servicing

By Andrew Coffey

Staying compliant with laws and regulations as they evolve is critical to managing loan servicing operations for financial institutions...

June 02, 2023

Collections, Compliance, Customer Experience, Customer Service, Outsourcing, Technology

Loan Servicing: Partnering with Experts

By Andrew Coffey

An efficient and effective collections process is crucial for businesses to maintain a healthy cash flow and minimize financial risk. M...

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Posts by Andrew Coffey

Rescue and Revive: Strategic Loss Mitigation Approaches for Distressed Consumer and Auto Portfolios

Servicing Solutions Successfully Completes SOC 2 Audit

Servicing Solutions selected as Primary Servicer for Credit Card Portfolio

Giving Back to the Community