HOUSTON (May 11, 2011) – Shaw Systems Associates Inc. announced that United Auto Credit Corporation (UACC) has selected Shaw’s RETAIL and COLLECTIONS software to manage its auto loan servicing and collection operations.
UACC, a non-prime auto loan servicer based in Irvine, CA, sought to replace their homegrown auto loan servicing and collection systems with products that were stable, simple to customize, and would easily integrate with their existing general ledger package. After considering several other vendors, UACC selected Shaw Systems as the solution of choice.
Shaw will build workflow processes such as bankruptcy, repossession, remarketing, and insurance and ensure ancillary systems information can be imported into both RETAIL and COLLECTIONS systems.
RETAIL supports a myriad of consumer loan products with integrated features to automate processes and navigate the dynamic and competitive landscape. RETAIL enables companies to accommodate consumer loans, line of credit, home equity, dealer/indirect, Floor Plan, commitments, securitization, and insurance/products.
COLLECTIONS is a customer-centric collections and portfolio management solution that accommodates every phase of an account’s life cycle. The software manages multiple product types including loans, leases, line of credit, credit cards, mortgages, DDA, NSF, and other receivables.
United Auto Credit Corporation (UACC), established in 1996, purchases primarily non-prime retail automobile sales contracts. The company markets to franchise and independent auto dealers whose customers have limited or impaired credit histories and generally cannot obtain financing from traditional lenders. UACC is a wholly owned subsidiary of United PanAm Financial Corporation (UPFC). UACC’s corporate headquarters is located in Irvine, CA, and they service their portfolio in several locations, including a call center in Hurst, TX.