Shaw Systems Associates, Inc. announced that Security National Automotive Acceptance Company (SNAAC) has licensed Shaw’s Consumer Loan Servicing solution (RETAIL and COLLECTIONS) and signed a 5-year maintenance agreement.
SNAAC needed a flexible and robust platform to service their growing portfolio. It was essential that the solution they chose could automate business processes and enhance customer service. SNAAC will retain Shaw Resource Solutions consultants to execute the conversion project.
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.
Security National Automotive Acceptance Company, LLC (SNAAC) was established in 1986 as a specialty finance company that purchases and services retail sales finance contracts acquired from auto dealers in the sale of new and used automobiles to military personnel. Today, the company operates in 30 states and employs 185 people at their Mason, Ohio facility.