We make it our job to fully understand the objectives, strategies and challenges of each and every client, placing you at the center of our universe. We offer solutions and professional expertise tailored to your needs, recognizing that your success depends on the collective success of each part of your organization.
An Exclusive Loan Monitoring Solution
We are excited to announce that Allied Solutions is now offering DRN’s vehicle alerting services, Loss Alerts and Active Duty Alerts, as EZ Alerts.
EZ Alerts actively identifies vehicles that have been impounded, salvaged, stolen, or exported and borrowers with an active military duty status, and notifies financial institutions when any of these events occurs.
Protect your Assets
EZ Alerts sends event notifications when a vehicle has been reported to the National Insurance Crime Bureau (NICB). Therefore, EZ Alerts may help your financial institution mitigate expenses associated with locating and recovering your vehicles when they have been impounded, salvaged, stolen or exported.
With EZ Alerts, your financial institution can:
- Avoid costly storage fees that add up fast (avg. of $24 per day)
- Quickly contact the insurance carrier to start the claims filing process
- Nurture borrower relationships by making contacts when thefts occur
- Intercept your assets and prevent fraudulent export to another country
Comply with the SCRA
EZ Alerts makes complying with the Servicemembers’ Civil Relief Act (SCRA) easy. EZ Alerts will provide information critical to protecting your financial institution from wrongful repossession and debt collection that may put you at risk for fines and civil liability by notifying you of any borrowers with an active military duty status.
A potential fine a lender might face if it collects on an active duty borrower includes paying the costs of the action and reasonable attorney’s fees to a covered individual who prevails in a civil action under the SCRA. For example, if a lender engages in a pattern or practice of violating the SCRA or participates in a violation that raises an issue of significant public importance, they may be fined in an amount not exceeding $55,000 for a first violation and $110,000 for any subsequent violation.