Portfolio Buyers & Servicers
Load a purchased file in the morning and have it in work by afternoon. Portfolio-level tracking, media requests, and resale reporting sit on top of the same collection workflow.
The same core, configured for your floor
A purchased file has to be in work the same day it lands. Debt$Net®'s data-management tools load the portfolio, the extended search finds the debtor when the seller's data is thin, and skip-tracing and scoring run in batch through the data provider you choose. Bureau reporting, media requests and resale reporting sit on the same account records, so the chain of title stays with the account from purchase to sale.
One system from purchase through resale, with the chain of title intact.
- Bulk account import and data management
- Extended debtor search
- Skip tracing and scoring
- Portfolio and client reporting
The capabilities this kind of shop leans on
Seven of the twenty core capabilities carry a portfolio operation: finding and loading accounts, the account record itself, and the reporting on top of it.
Extended Debtor Search
The extended search tool saves time locating debtors and accounts when only partial information is available — for example, applying a payment when the name on the check does not match a debtor in your system. Search by name, phone number, client information, account information, or other fields; Debt$Net® displays every matching record and lets you make the final selection.
Debtor / Account Handling
Comprehensive tracking of debtors and multiple accounts per debtor — interest, check return fees, agency fees, legal fees, contact dates, and much more — all through the base working screen, a central work area with point-and-click access to everything required to process an account from assignment to paid in full.
Credit Bureau Reporting
Report to the credit bureaus electronically and receive and capture skip-tracing information. You have complete control over reporting accounts on and off the bureau, and can report business accounts, spouses, and co-makers.
Collector Contact Screens
The collector contact screens are optimized for quick, efficient debtor contact. Collectors can contact debtors, set up payment plans, take incoming calls, help other collectors, and schedule follow-on actions — working a list of today’s scheduled calls or all accounts assigned to them, ordered by balance, status, date last worked, client, or priority. The screens give instant access to the debtor, multiple accounts, payments, payment plans, contact notes, post-dated checks, and notice history. Contact notes are unlimited in size, and the contact deferral feature automatically reminds collectors when it is time for a same-day call back at a specific time.
Client Reporting
Debt$Net® provides numerous reports to support the management of your clients, including Client Activity and Status Reports, Client Acknowledgments, the Multiple Month Recovery Report, the Client Cancel and Return Report, and the Trust Summary.
Full Trust Accounting
Debt$Net® maintains an up-to-date trust account, handling debtor payments, adjustments, NSF reversals, client payments, set-up fees, trust account adjustments, direct payments, forwarded commissions, and direct-payment invoices. Place a hold on debtor payments you suspect will not clear so you never pay a client prematurely.
Post-Dated Check Management
Capture post-dated check information and let Debt$Net® track the processing: design and send pre-deposit notices, review post-dated checks on file, and deposit them automatically at the scheduled time.
These are 7 of the twenty core capabilities. See the full feature list →
The collection software product Debt$Net® has met every expectation RMS has needed. The customized programming RMS required has allowed us to service any client we pursued. Throughout the eight years that RMS has been using Debt$Net®, we have had consistent product quality, annual updates, and improvements to the software. The technical support and customized programmers provide great service and support in a timely manner. Time is money, and Debt$Net® understands this. With Debt$Net®, the programmers have made my wishes come true. Ask and you will receive — that’s the approach I use when making business decisions that focus on growth and success. I support Debt$Net® and recommend it to anyone looking for a product that works as well as a big product, without the big cost.
Installed where your data already lives
You establish the environment, a cloud account with the provider you choose or your own servers, and our engineers install and configure Debt$Net® in it. Your instance, your data environment, your audit scope.
Deployment optionsSee Debt$Net® configured for debt buyers
Bring your workflow to the demo. We will walk through it on a live trial instance and show where the configuration happens.