subject: Genesis Commercial Capital Shares Current Development Information Related to The Portfolio Servicing Division [print this page] Genesis Commercial Capital Shares Current Development Information Related to The Portfolio Servicing Division
Genesis Commercial Capital has been focused on third party end of term portfolio management for almost 10 years now and have recently started to aggressively market service arrangements in this space to different customers. Our core customer group typically is made up of established and respected lease funding originators who are planning to grown originations while using an outside specialty supplier like Genesis as their go to partner for collections, processing, accounting, re-marketing, and customer service. Of late Genesis has contracted out with Hampton Sierra to service their current end of term portfolio holdings. Genesis has managed servicing arrangements totaling over $80 million for a number of leasing/finance companies and has fairly recently expanded their financial portfolio services management team to take on additional contracts. With an infrastructure using the newest technology in addition to a team of qualified authorities in all sections of the equipment leasing arena, Genesis is poised to become the leader in 2011 for end of term servicing.
With Genesis knowledge of equipment and network of remarketing companies they're able to offer servicing arrangements for originators and lessors unmatched by anyone else in the industry. Genesis delivers productive, complete and cost-effective management and accounting services for small to mid size lessors/originators who wish to remain focused on the commencement and new bookings side of the business. Most small to mid size originators don't have the foundation in place nor are they using the systems/protocol to keep up an efficient collection and servicing platform for maturity and stream collections. Genesis is able to handle every aspect of the stream and end of term including the complex task of examining risk associated with equipment of all types as well as the re-marketing of a various equipment types. Genesis has forged relationships with some of the nation's best equipment sellers, auction houses, equipment brokers, and re-marketing sources and has acquired the challenge of finding buyers of all kinds of used equipment in relatively short time frames.
Another ingredient of servicing that Genesis is focused highly upon is the customer service and customer retention are of the business. This is another added advantage of outsourcing to Genesis the end of term servicing. We are convinced that a good servicing company is only productive when the emphasis is equally focused on customer satisfaction. In difficult economic times customers will often need extremely creative plans and a fresh outlook on the collection process and Genesis brings that to the table as part of our core competency. Customer service really should be the core of any and all businesses and is it included into every last area of our process. Our goal is to produce a management and collection process exclusively developed for each of our clients that ultimately elevates their bottom line and permits them to concentrate on what it is they do best, commencing and originating new contracts and leases.
This is an area of our industry that a small number of companies carrying portfolios have expertise in. Genesis and our systems oriented method provide positive results for our clients. We can continuously go beyond our partners expectations with a model emphasizing overall results combined with a focus on customer service in all areas.
