Default Management for Lending
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Orchestrate Default Management to Eliminate Errors, Reduce Costs and Provide Transparency
Regulatory reform and high default volumes challenge the servicer's ability to increase operational efficiency and respond to rapid change. Isolated systems and manual processes slow down processing, drive up costs and prevent compliance. As a result, servicers face mounting costs and the need to hire more staff to manage the growing default volume.
Pega delivers a single, unified platform for managing all types of troubled loan assets. With offerings for every stage in the default cycle, Pega intelligently targets the most appropriate resolution given the stage and the borrower circumstance. Whether the client has a mortgage, heloc, auto or credit card loan, Pega dynamically manages the complex and regulated process so that you can rapidly determine the plan that best benefits your customer and your company, while making sure loans in default are resolved as quickly and compliantly as possible.