What’s New in Recovery: Legal AI, AR Automation, and the Next Gen of Recovery Tools
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A Recap of What's New:
- Assessment fees continue to rise while economic uncertainty looms, resulting in increased delinquencies and foreclosures.
- The CAM space is being disrupted tremendously through new legislation impacting the way we can manage collection-related communications.
- CAMCounsel was created to automate compliance to new legislation via governing docs while processing liens and other legal tasks in just a few minutes.
- TechCollect’s solution automates communications to past-due homeowners in line with channel preference, repayment likelihood, and state compliance – resulting in over 90% recovered before legal escalation.
- For the remaining 10%, Equity Experts steps in to recover debt, offer repayment plans, and complete service through a compassionate, empathy-first approach.
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