Collections and Loss Mitigation
Optimizing collections and loss mitigation strategies in the digital age.
Bridgeforce has a long history of implementing highly effective Collections and Loss Mitigation solutions across multiple product lines. Whether it’s digital enablement, operational improvement, agent training for economic impacts, system upgrades and replacements or selecting and managing collections agency and/or Debt Buyer partners, we can help.
The classic telesales-driven collections model is no longer viable, and today’s customers demand digital solutions that put them in the driver’s seat. Digital enablement allows customers to choose how and when they interact with service providers.
Bridgeforce has been at the forefront of digital collections strategy, operations and enablement for over a decade. Having developed and launched two digital collections solutions, we have the real-world experience to create value and improve business performance across the full collections and loss mitigation lifecycle.
Digital Solutions and Automation
We help break down barriers in order to speed up the time-to-business value by helping clients effectively leverage artificial intelligence, machine learning and robotic process automation solutions.
Operating Model Design
Bridgeforce provides independent expertise to ensure that your investment dollars are spent on the right tech upgrades.
IT and Systems
Our proprietary operational assessment tool and training programs will create a dramatic improvement in your collections and recovery practices.
Vendor Selection and Management
Our programs establish the creation or enhancement of robust evidence-based governance and oversight processes that can be executed consistently by your entire team.
Recovery Performance Analysis
The client, a non-profit student loan servicer was focused strictly on servicing and collecting previous loans that had been made. They had limited resources to conduct analytics on the recovery portfolio. Most decisions were made by “gut feel” and there was little insight of variables driving payment in recovery. Bridgeforce analyzed a dataset containing all... View Article
Collections Training Delivery
Being Prepared Pays Off: How to Manage for a Digital Future
Sign up to Watch this Webinar On-Demand When you sign up, you get 24/7 access to this webinar, in addition to our one-pager recap. Webinar Recap The biggest challenge many collections professionals face is connecting with customers to customize the modern collections experience and get paid. We all know that older telephony channels are inefficient... View Article
While we have worked with many consultants, Bridgeforce actually does the work. They won't paint a picture, they will actually do detailed procedure write ups and reviews and work with your staff to deliver an optimal product. We have been very satisfied with their efforts on these initiatives and they have subsequently been used in other business areas...
SVP, Top 5 Bank
Our Solutions Benefit
Compliance and Regulatory
Achieving compliance and control objectives while improving collections performance and customer satisfaction.
Breaking down barriers to ensure projects continue moving forward and delivering value to the business.
Understanding how effective collections and loss prevention play a role within a strong Credit Risk framework.
Meet Our Collections and Loss Prevention Experts
Managing Partner and CEO, Bridgeforce Consulting
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Restrictions across the U.S. are in flux based on state level risk assessments. Borrowers will be impacted differently depending on regional, industry and varying work classifications (essential vs. non-essential). It’s time to right-fit your treatments and targeted intervention based on borrower impact levels. Our infographic gives you the tools you need to start your plan now.