WYOMISSING, Penn.— The Loan Service Center (TLSC), which is a unit of PSCU, said it has entered into a partnership with Millennium Capital and Recovery Corp., which provides asset repossession management solutions.
The companies said that through TLSC’s extended services, credit unions will “gain further access and scalability” to nationwide first-party delinquency management services for collateral recovery and remarketing through Millennium.
“At The Loan Service Center, we strive to help lighten the load on credit unions and coordinate all aspects of their secured account needs by providing industry-leading repossession, remarketing and collection solutions, among others,” Wendy Elieff, SVP-client Service and marketing with TriVerity and The Loan Service Center, said in a statement. “Adding Millennium’s expertise and offerings to our toolbox will enable us to help more credit unions more effectively, efficiently and economically manage repossessions.”
Established in 1999, PSCU said Millennium provides a full range of services that include nationwide recovery management, skip tracing, impound negotiation and remarketing services. PSCU further noted that with billions of dollars recovered and resolved annually, Millennium is a recipient of the Kaizen Award from Toyota Financial Services and has achieved the Service Organization Controls (SOC 2) Type 2 Internal Audit certification for 12 consecutive years.
‘Highest Ethical Standards’
“Millennium is committed to providing world-class customer service delivered with the highest ethical standards and top performance, and we found similar values in The Loan Service Center,” said Jeffrey Marsh, president of Millennium Capital and Recovery Corp. “We are extremely pleased to partner with TLSC to expand its already robust repossession and remarketing solutions and are confident that, by working together, we can ensure credit unions have
access to the same caliber of service and options as bigger financial institutions.”