Case Study: a national bank prevents lien losses with MBSi's automated lien verification solution

Bank Financial Executive identifies 4.36% potential lien loss with MBSi (iRepo) and saves up to $2.29 million in 90 days

A large national bank faced the challenge of manually verifying liens on its portfolio, a cumbersome process that exposed it to significant financial risk from wrongful repossessions. To move from a reactive to a proactive approach, the bank partnered with vendor MBSi to implement its Lien Verification solution, integrated with data from VINchex.

By implementing MBSi's automated solution, the bank was able to perform continuous health checks on its entire portfolio. This allowed them to identify 4.36% of accounts with potential lien loss, place them on hold for review, and prevent up to $2.29 million in wrongful repossession losses within just 90 days.

Bank Financial Executive