Many financial institutions used a broad-based approach to delinquent loan collections. But, your credit union can achieve a more effective collection strategy by using loan portfolio analytics to determine higher risk loans. For example, if you know that loans from new members tend to go to loss more frequently than loans from established members, you can identify these loans in your portfolio and take proactive measures to mitigate the risk of loss– improving your portfolio performance.

Using Lending Insights’ Lending Performance Management System (LPMS), you will be able to measure portfolio losses and delinquency by product, origination channel, underwriter and member characteristics among other variables. Never before have credit union collections staff had the tools available to create accurate and custom collection strategies at the member level.

Improve the performance of your loan portfolio by focusing on collection strategies that are targeted and efficient, allowing your collections staff to focus time on the emerging issues that will affect the credit union’s health and profitability.