METHOD AND SYSTEM FOR AN INTEGRATED APPROACH TO COLLECTIONS CYCLE OPTIMIZATION
First Claim
1. A method for optimizing a collections loan cycle between a lender and a borrower, the lender having a collections officer, the method comprising:
- optimizing an effectiveness of the collections officer;
optimizing communications between the lender and the borrower; and
determining an optimal resolution of the collections loan cycle.
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Accused Products
Abstract
Methods and systems are provided for an integrated approach to collections cycle optimization including optimizing personnel, communications, and collection resolutions, resulting in reducing the variability of the collections cycle, reducing instances of foreclosure in collections, while increasing borrower satisfaction with the collections process. Candidate loan officers are selected based on behavioral attributes, personnel history, and human resources information, among other factors. Scripts that improve the effectiveness of communication between loan collection staff and borrowers are generated. An optimized collection program to best suit the needs of a particular borrower is determined.
70 Citations
27 Claims
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1. A method for optimizing a collections loan cycle between a lender and a borrower, the lender having a collections officer, the method comprising:
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optimizing an effectiveness of the collections officer; optimizing communications between the lender and the borrower; and determining an optimal resolution of the collections loan cycle. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13)
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14. A system for optimizing a collections loan cycle between a lender and a borrower, the lender having a collections officer, the system comprising:
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a module for optimizing an effectiveness of the collections officer; a module for optimizing communications between the lender and the borrower; and a module for determining an optimal resolution of the collections loan cycle. - View Dependent Claims (15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26)
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27. A computer program product comprising a computer usable medium having control logic stored therein for causing a computer to optimize a collections loan cycle between a lender and a borrower, the lender having a collections officer, the control logic comprising:
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computer readable program code means for optimizing an effectiveness of the collections officer; computer readable program code means for optimizing communications between the lender and the borrower; and computer readable program code means for determining an optimal resolution of the collections loan cycle.
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Specification