Banks and lenders have under-invested in their recovery strategies in the past few years, but losses increasing to pre-pandemic levels should serve as a wake up call: it’s time to do a refresh of your recovery strategy.
2nd Order Solutions’ recent whitepaper, Recoveries Strategy Refresh, breaks down all of the reasons why now is the best time for lenders to focus on recoveries, and how their investments could pay off big time in the long run.
Here are four major takeaways from their analysis:
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