Consumer Lending Statements and Archival
In an age of increasing regulatory scrutiny, consumer lenders are more and more under fire for documenting all of the steps to a loan, from proof of adequate lending disclosures, to archiving each loan electronically – even when the loans originated from a printed communication. SourceLink’s compliance offerings for consumer lenders include document print and mail, electronic statements, secure document archival, mail tracking, customer intelligence and analytics.
Additionally, elements of the Dodd-Frank act that greatly impacted the banking and mortgage lending space have the potential to also impact the consumer lending space. If you are preparing for the future, now might be the time to think about customer statements for your lending operation to audit-proof your business. Many of our marketing customers in the consumer finance space are already migrating towards customer statements in preparation for future legislation. Many of our clients are taking advantage of eStatements as an inexpensive option to stay ahead of audits and future compliance concerns. We handle payment notices and undeliverable mail with mail tracking, address updates, and postal optimization – saving you time and money on undeliverables before they are ever sent.
We have over 30 years of experience working with consumer lenders, and are members of the American Financial Services Association and the Community Financial Services Association of America. Our extensive marketing partnerships, MICR printing and mail production place SourceLink as the #1 partner to consumer finance partners in the country.