Lender Compliance Technologies will make Southlake, Texas, home, starting in October. The new headquarters within the major north Texas business hub positions LCT for rapid scaling and growth.
Q. Why are F&I cancellations and refunds such a frustrating part of loan servicing?
Q. Does your F&I cancellation and refund tool include access to standardized connectors to your other systems?
Q. What does it mean to be AUDIT READY?
Q. Are you using industry best practices for GAP/VSC cancellations and refunds? (Hint: If you can’t report on your whole process in real-time, the answer is no.)
Q. Tired of using multiple systems to facilitate GAP cancellations and refunds? Simplify your work and increase your compliance in one step.
Q. How many systems does it take to track and monitor F&I products to ensure compliance at loan end? Sounds like an old joke, but it's no laughing matter. Click to learn the answer.
Q. Can lenders be held responsible for past loans that have outstanding F&I product cancellation refunds? The answer might surprise you. Check it out!
Q. Are you refunding consumers for F&I product cancellations before collecting from dealers to meet tightening compliance deadlines? Learn how LCT keeps you in control!
Q. Are you submitting cancellation notifications to both the selling dealership and the F&I product provider? Check out how LCT makes it easier to stay compliant.
Q. Is your F&I product cancellation process audit ready, right now, as you're reading this? Are you sure? Learn how you can be.
Check out this Auto Finance News article on how we're bringing automation to lenders' regulatory practices via preferred "market-driven solution."
Q. Where do you get your F&I product refund data? There's only one source you should trust. Click to find out.
Q. Are you following one process for all F&I product cancellation reasons? Learn why you should.
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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.
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.
Read about the debut of Refund Control by Lender Compliance Technologies and how its game-changing workflow helps protect lenders.
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.
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.