Special asset management software – also known as debt recovery management software – is a valuable component of a loan recovery management system that enables financial institutions to systematically perform integrated asset recovery solutions.
It documents conversations, prompts follow-ups, summarizes current financial position of a loan, and typically has the capability to calculate if a borrower can make their payments.
ARM-Pro asset recovery management solutions software includes powerful scenario options ranging from loan modification, to input of income/expenses to test varying loan parameter changes that can affect or lower the schedule of loan repayment.