What Mistakes Are You Making? 5 Critical Mistakes Asset-Based Lenders Should Avoid

asset-based lenders

Even in good times, asset-based lenders and lease finance companies often make costly mistakes that bleed profits, damage customer relationships, and tarnish brand reputations. When originations are up, watching deficiency balances skyrocket too is maddening. After over 25 years helping banks, captives and independents, we’ve identified 5 critical mistakes to avoid: Fortunately, there are steps […]

ACS Achieves SOC-2 Type 2 Certification, Doubling Down on Client Security

SOC-2 Type 2

Asset Compliance Solutions (ACS), a leader in asset-based lending and lease finance solutions, has secured the prestigious SOC-2 Type 2 certification, solidifying their commitment to client data security. This achievement surpasses their previous SOC-2 Type 1, offering clients independent verification of ACS’s robust security practices. What is SOC-2? SOC-2 stands for Service Organization Control. It’s […]

Navigating Regulatory Risk Across Jurisdictions: A Guide for Asset-Based Equipment Lenders and Lease Finance Companies

Regulatory Risk

Executives at equipment lending or lease finance companies know that regulatory compliance is crucial for their business’s success. Noncompliance can be extraordinarily costly – affecting not only overall financial performance, but your organization’s reputation and ability to generate new business.  Aggravating the situation, regulatory variability across federal, state, and local jurisdictions makes keeping up challenging […]

Managing Risk in Your Fleet Loan Portfolios 

Fleet Loan Portfolios 

Lenders and lease finance companies that finance fleets of ten to five hundred vehicles and/or equipment units know. The multiplied risk exposure you face in any environment demands proactive portfolio management. That’s especially true in today’s tightening credit environment.  The increased risks lenders face today are the product of a variety of circumstances. The Federal […]

Navigating the Shifting Tides of Asset-Based Lending in 2024

Asset-Based Lending

In the dynamic world of asset-based lending, the winds of change are blowing. Recent buzz at industry conferences and in financial circles has been dominated by three key concerns: escalating worry over default rates, the decline in asset values, and an unmistakable spike in bankruptcies. Here at Asset Compliant Solutions (ACS), we’ve seen these conditions […]

Storm Clouds Gathering for Construction Lenders

Construction Lenders

Recent economic forecasts suggest difficult times may lie ahead for lenders who finance construction equipment purchases. As the industry enters its slower autumn season, experts predict rising delinquencies and defaults in this sector. Lenders who take preventative action now can mitigate risks and protect their bottom line.  Research by the Construction Financial Management Association reveals […]

Wipe Away Worry with ACS Collateral Recovery Services

Recovery management

When it comes to collateral recovery as a function of asset management on underperforming loans it’s natural to have some discomfort surrounding your portfolio’s performance. Every challenged customer represents an opportunity and a risk. Savvy stakeholders know it’s important to minimize the latter whenever possible. ACS alleviates clients’ concerns by providing a higher level of […]