Install and test once
We install the device and test it once. This initial test confirms that it works before tracking access is held in reserve.
TECHNOLOGY
LTE technology that helps lower loan risk.
Collateral Fortress combines advanced LTE technology with total collateral management from loan inception to payoff. We install and test a discreet device once, then hold tracking access in a secure, encrypted vault while your borrower repays the loan.
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VAULTED TRACKING ACCESS
Tracking access held in an encrypted vault.
The vault holds the tracking access used to request a device location. After the installation test, we do not track borrowers, record trips or collect location history during repayment.
01
Secure access
Tracking access is held in a secure, encrypted vault.
02
Lender authorization
After installation testing, both default and the lender’s written recovery order are required before tracking access is used for recovery.
03
Coordinated use
If recovery is required, our subsidiary, Collateral Forwarding, coordinates the location request with the assigned contracted agent.
THE LIFE OF THE LOAN
One collateral service from installation through payoff.
The technology is part of a service that includes installation, controlled access, live support and asset return if default makes it necessary.
Support during repayment
Your collateral program and live support remain in place while the loan is repaid. Tracking access stays under the written authorization process.
Managed through payoff
The service is planned around the life of your loan. We discuss loan terms, device configuration and the arrangements at payoff before enrollment.
DEVICE FORMATS
Tracking technology takes different forms.
These illustrations show examples of the physical forms used in tracking technology.
Device illustrations are conceptual. The selected device and configuration are confirmed for your program.
Up to ten years of device life
Device life can be up to ten years, depending on configuration, use and operating conditions. We can explain how the device and your loan terms fit the program before enrollment.
An exclusive U.S. program
Our technology is offered through an exclusive U.S. program that brings installation, vaulted tracking access, support and asset return if default occurs into one service.
What does LTE do?
LTE provides cellular connectivity for the device to communicate location information during the installation test or an authorized recovery. Connectivity and location availability depend on the device, installation, network service and operating conditions.
Does the program replace privacy or recovery requirements?
No. Required disclosures, authorizations, and applicable state and federal requirements still apply. Controlled access and the written authorization process are parts of our collateral service.
Discuss the technology for your loans.
Tell us about the vehicles you finance. We will explain installation, vaulted access and the collateral service from inception through payoff.