Setting a New Standard for Solving Lender Compliance Issues
Fully vetted solutions you can count on.
Designed by Lending Experts
Using industry best practices, our solutions include customizable workflows, interactive dashboards, seamless third-party integrations, and security protocols equal to large banks.
Always Audit Ready
Our solutions have robust, real-time reporting to provide you with a comprehensive and transparent system of record that protects you, dealers, consumers, and product providers.
Forward-Thinking Roadmap
We prioritize continuous innovation to ensure the technology behind our solutions is consistently meeting your compliance needs today and in the future.
Introducing Refund Control™
Regulators are looking at F&I product refunds more and more. You should too. That’s why we’re introducing Refund Control, the lender-managed, cancellation and refund system for loan products that protects your relationships with dealers as well as your bottom line.
Non-compliance can be expensive.
The reality is state and federal regulators are ramping up scrutiny of F&I product refunds and holding lenders accountable to accurately refund consumers. The challenge for lenders is the lack of a reliable, comprehensive workflow to monitor and track the refund process from cancellation through consumer refund as required by consumer protection laws. Your time, money, and reputation are literally at stake.
A Better Workflow is Needed
F&I product cancellations due to early payoffs, repossessions, and total loss are not consistently processed, tracked, and reported. Dealers may delay or not process the cancellations at all, and administrators have different requirements for cancelling.
Consumers Need to be Made Whole
The inconsistencies of the refund process make it prone to human and operational errors, which increase the likelihood that a consumer won’t receive the correct refund they’re legally due.
Lenders Need to be Protected
Lenders have the regulatory burden to make consumers whole. Non-compliance could cost you in more ways than one.
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Lender Compliance Technologies Raises $4.15 Million in Series A Funding
Lender Compliance Technologies (LCT), the company that specializes in compliance solutions for automotive, RV, marine, and powersports lenders, has raised $4.15 million in a Series A funding round.
Steve Greenfield, The Daily Download
The round was led by a team of seasoned software entrepreneurs and joined by Automotive Ventures and Driven Capital Partners for the ongoing development of technology solutions to help lenders mitigate regulatory risks.
Press Release
Read about the debut of Refund Control by Lender Compliance Technologies and how its game-changing workflow helps protect lenders.
Legal Perspective
Get a lawyer's take on current actions by the state of Colorado against one bank's GAP refund policies and what it means for other U.S. lenders.
Product Snapshot
Here's a handy one-pager about LCT and the many benefits of Refund Control that's made for sharing with your executive team and colleagues.
Our lender-controlled workflow works for everyone
Lenders
Lenders use Refund Control™ to submit cancellations to dealers and providers simultaneously and access refund data directly from the provider to ensure consumers have been properly credited in a timely manner.
Dealers
Dealers and providers receive product cancellation notices in real time, shaving days off of the traditional flow. Providers and dealers are empowered to move quickly to cancel requested products, getting refunds to consumers faster than ever.
Consumers
Consumers are treated fairly and receive applicable refunds in a timelier manner.
Regulators
Regulators can see lenders are using a comprehensive, auditable system of record to manage the workflow from request to refund with full transparency.
The right tech.
The right team.
History of success, developing SaaS companies
Extensive lending industry expertise
Extensive lending industry expertise
Specialists in compliance and recoveries
Focused on best practices
The right tech. The right team.
Request a demo of
Refund Control™
today.
Because you do have things to lose. Our comprehensive solution can help.