Blog Posts. Read Time 2 mins Written by: Ericka Schwarm. Does your vacation ownership company prefer to keep all owner services β including loan servicing β in-house? In fact, they can use the same state-of-the-art tools that Concord does, empowering them to manage their loan servicing with ease and control. PaaS agreements allow customers to develop, run, and manage software without the complexity of building and maintaining the infrastructure typically associated with developing proprietary software.
The web platform operates under PCI DSS Level 1 standards and Concord has been audited and passed its SOC1 Type 2 review an examination of a service organization's controls over financial reporting and SOC 2 Type 2 review an examination of how a service organization's cybersecurity systems and controls perform over time.
In addition, the platform provides best practices and toolsets to transform the payment processing function and improve portfolio performance. Traditionally, vacation ownership companies have had to choose between hiring an outside organization specializing in professional loan servicing or developing their own technology and systems. This flexible and cost-effective approach ensures that your financial decisions are always in your control and beneficial for your business.
Of course, Concord also provides traditional loan servicing to clients who prefer that approach or have lenders that require it. No matter which approach is taken, Concord will leverage our expertise to help clients design their most desired and profitable business option.
Concord has the expertise to manage every aspect of your loan operations. As a leading loan servicer with more than 30 years of experience, we deliver compliant, flexible, and scalable solutions to meet your unique needs. Contact us today at or bd concordservicing. She has deep knowledge of vacation ownership loan servicing and long history in the financial services industry. Skip to Content.
