Hiring and training an in-house team is pretty expensive for a lot of SMEs in the highly competitive insurance sector. Thus, most insurance companies turn to outsource loan processing services.
As a result, they stay competitive, keep overhead reasonable, and further allow the in-house team to focus more on the main aspects of running and growing the business.
Having a reliable source of funding is critical for customers and business owners.
Usually, the source of financing comes from:
Bank Loans offer easier and flexible payment methods and loan terms but it is important to keep in mind that bank loans have very strict requirements. Because of this, it may take the entire application for an approval process to take months to be fulfilled.
These loans are programs through different departments to support the needs of individuals, businesses, and communities. Mainly, government loans provide capital for those who might not be qualified for a loan from private lenders. A government-backed loan is also known as a Federal Direct Loan.
Our remote loan processor for SMEs are available around-the-clock, 365 days a year. Because of this, Magellan Solutions offers a vital advantage.
We can help you reach a global presence by operating across various time zones and in multiple languages.
Below are some of the commonly outsourced back-office tasks that we offer:
When it comes to loan servicing outsourcing that can have a huge impact on things like customer satisfaction and legal compliance, it’s important to choose a team you can trust to provide superb knowledge, experience, and service.
At Magellan Solutions, we appreciate the trust you place in us. Additionally, we always deliver exceptional work from thoroughly trained staff because your success is our success.
But what makes us stand out?
Still not sure if your company will benefit from us? Contact us today for a free 60-minute consultation!
Contact us today for more information.