Loan servicing is the way a finance company (a lender) goes about collecting principal, interest, and escrow payments that are due or overdue. Principis services business to business debt, known as commercial debt, private real estate transactions, equipment leases, as well as secured and unsecured loans.
For overdue or defaulted assets, Principis operates under the best practices of debt collection, in full compliance with federal and state-level regulations. In contrast with many third party collectors, Principis takes a "no-stone-left-unturned" approach to these accounts. Our seasoned servicing employees are experts at investigating the issues, using many sources of information including site visits to clearly identify what is causing the delinquency, and to craft a suitable approach that maximizes the recovery of the debt.
The objective of credit risk management is to maximize a lender's risk-adjusted rate of return, thereby mitigating losses on loans made to the lender's client base. Principis Capital's wealth of data, uniquely positions us to advise our client on portfolio risk as well as measures to ensure compliance with a chosen credit risk strategy.
Our accounting outsourcing and financial management services provide you with the financial clarity needed to make confident business decisions and help your business achieve its goals.
Outsourcing these functions to Principis not only reduce overheard for your business, but it also improves security and minimizes risk while you focus on what you do best.