FOR IMMEDIATE RELEASE
CHADDS FORD, PA – October 26, 2018 – Flagship Credit Acceptance LLC (“Flagship”) announced today that it has selected the Consolidated Asset Recovery Systems IBEAM (Internet Based Electronic Asset Management) web portal for managing the repossession and remarketing of non-performing assets in its automotive loan portfolio.
After completing a long-term evaluation of the IBEAM product, Flagship determined that it would standardize its repossessions and remarketing operations with a single technology.
“IBEAM allows us to manage all of our forwarding partners and remarketing consigners under a single platform,” commented Flagship Loan Servicing Senior Vice President Steve Biehl. “By allowing us to consolidate data from fieldbased tasks and analytics through a central technology, we can enhance our performance.”
“Analytical insights are key to Flagship’s ability to operate efficiently,” continued Biehl. “IBEAM gives us a way to manage multiple collection operations distributed across the country by creating a centralized view, applying artificial intelligence, and allocating assignments efficiently.”
“Flagship and Consolidated Asset Recovery Systems have been partners for years,” said CEO and Cofounder of Consolidated Asset Recovery Systems Steve Norwood. “Their use of analytics has informed many of the enhancements and reporting capabilities in IBEAM, raising the bar for what is considered essential best practice today. They truly represent best in class and we are excited to continue to pioneer new solutions with them that will benefit our clients and the industry.”
About Flagship Flagship Credit Acceptance LLC
(“Flagship”), headquartered in Chadds Ford, Pennsylvania with offices in Irving, Texas, Phoenix, Arizona, Irvine, California and Indianapolis, Indiana, helps auto shoppers secure financing through partnerships with primarily franchised auto dealers and through its direct lending site, CarFinance.com. Flagship Credit has successfully grown its portfolio to $2.9 billion in managed receivables. The Company currently purchases indirect auto contracts from a nationwide network of over 10,000 dealers and originates direct to consumers in 46 states.
About Consolidated Asset Recovery Systems
Consolidated Asset Recovery Systems provides technology and services to finance companies, forwarders and repossession agents that enhances repossession and remarketing performance. Combining comprehensive analytics with real-time performance analytics, status and account updates that can then be used to set parameters in the IBEAM artificial intelligence engine to automate task such as assignment and reassignment to suppliers, assign to auction or transport. For more information contact go to www.ez-recovery.com Or contact Sales at (919) 518 2277
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