Central Credit Corporation Licenses Shaw’s Consumer Loan Servicing Software

Central Credit Corporation

Shaw Systems Associates, Inc. announced that Central Credit Corporation has licensed Shaw’s Consumer Loan Servicing solution (RETAIL and COLLECTIONS) including a 5-year maintenance agreement.

Central Credit was looking for an advanced modern servicing solution provided by an industry leader. The Shaw Resource Solutions consulting team will work closely with Central Credit to migrate their portfolio, increase business agility, and provide management tools. Of particular interest are Shaw’s business process management tools that facilitate workflow automation and streamline internal and external processes, including account selection, data-entry/tracking, document processing, vendor assignment, and account follow-up. Shaw enables organizations to map and automate specific business processes, such as those related to loan servicing, bankruptcy, repossession, skip and recovery.

Shaw’s customer-centric portfolio management solution supports a wide range of consumer lending products including loans, line of credit, home equity, dealer/indirect, floor plan, commitments, escrow, securitization, and insurance. Accommodating every phase of an account’s life cycle, the system automates processes and helps companies navigate the dynamic credit landscape.

About Central Credit Corporation

Central Credit Corporation provides indirect sub-prime automobile financing for credit challenged consumers. The company uses over 20 years of experience to fulfill the needs of dealers and consumers alike throughout the Midwest and South by making reliable credit decisions for the mutual benefit of all.