This solution is critical to the process of effectively managing distressed assets. This system provides real-time decision support tools to ensure our employees optimize each and every outcome. Our asset managers can run a variety of scenarios and alternatives to see which works best for the particular loan resolution, allowing them to document and compare results in real-time. Finally, the amount of data we're capturing enables ARD to perform sophisticated analytics which further refines our business processes.
Errors are costly, and big dollars are at stake.
ARD, the Asset Resolution Division of HomeComings Financial Network, a subsidiary of GMAC-RFC, is in the business of acquiring and servicing distressed assets. In its most basic sense, ARD's goal is to make bad loans good by having exceptional staff apply proprietary techniques and technology to the business. Historically, asset management was a cumbersome, paper-intensive process that was difficult to manage effectively. In the financial services world, that spelled trouble. Business Solution ARD needed a modern automated asset management system that could streamline the process and reduce or eliminate the opportunity for errors.