Shaw Systems Associates, Inc. announced that Gateway Financial Services (GFS) has signed an agreement to use Shaw’s Consumer Loan Servicing solution (RETAIL and COLLECTIONS) in a hosted environment.
Gateway Financial Services needed a scalable loan servicing system to accommodate their growing portfolio as they expand into areas such as Illinois and Florida. The company will utilize Shaw’s Resource Solutions consultants to convert their systems.
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 Gateway Financial Services
Founded in 1996, GFS is a Michigan-based sub-prime finance company that provides indirect automobile financing to individuals with challenging or limited credit. The company purchases retail installment sales contracts from both franchised and independent automobile dealerships.