Presentation on theme: "Global Client Training Presentation Recovery Management Database System (RMDS)"— Presentation transcript:
Global Client Training Presentation Recovery Management Database System (RMDS)
Purposes of the RMDS To improve the quality of service that a Lender receives from its outside recovery companies (ORCs). To facilitate a real-time flow of data between Lenders and ORCs. To facilitate real-time communication between Lenders and ORCs. To increase recovery rates and decrease recovery time. To provide Lenders with better management oversight of the recovery process and the ORCs providing such services.
Functionality of the RMDS Assign accounts directly to a Lender approved ORC and it is immediately available in the ORC’s database for acceptance and immediate assignment to a driver. Immediately notifies the ORC that a new account is pending acceptance. Immediate notification to Lender that the ORC has either accepted or declined a new account. View all updates posted by the ORC in the database. Update the ORC with new information and the system simultaneously updates the driver assigned to the account. (Ex. New address, Close/Hold Account, etc.)
Functionality of the RMDS Cont’d Automatic notification of a successful Recovery and the ability to immediately view recovery information. View C/Rs, Invoices, and Pictures of collateral. Sort data in multiple formats.
To Log on to the Lender Global Client Access Point http://www.recoverydatabase.net/