PCMI (Policy Claims Management International), the industry’s preferred technology partner for automotive and consumer extended warranty administration solutions, is pleased to announce a new collaboration with Allied Solutions (Allied) to enhance and modernize lender compliance services with the launch of PCMI’s TruComply™ platform.
Allied is one of the largest providers of insurance, lending, risk management, and data-driven solutions to financial institutions in North America. With heightened regulatory scrutiny on finance and insurance (F&I) compliance, lenders, dealerships, and business process outsourcing (BPO) organizations face intensified pressure to meet stringent regulatory requirements.
“This collaboration is evidence of just how deeply PCMI and Allied understand the demand for a comprehensive lender compliance solution,” said Pete Hilger, CEO at Allied. “Although the FTC CARS Rule is facing some challenges, lenders are already feeling the pressure in maintaining compliance with GAP policy refunds. PCMI’s TruComply will provide the necessary tools to ensure that lenders and lender BPO services are better positioned to mitigate litigious situations.”
TruComply is poised to revolutionize lender compliance by streamlining the F&I product cancellation and refund process while ensuring compliance for lenders. TruComply automates refund quotes with access to the largest provider network and delivers seamless payment distributions with compliance verification.
“TruComply was carefully designed to meet the evolving regulatory lender compliance requirements,” said Mark Nagelvoort, CEO at PCMI. “We see TruComply providing a modern experience for managing policy refunds, compliance verification, and for ensuring industry compliance on behalf of lenders, dealers, and providers.”
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