Shaw Systems Associates, LLC - Market Research Report
Company Overview
Name: Shaw Systems Associates, LLC
Mission of the Company:
Shaw Systems aims to leverage its extensive software development experience to provide scalable and automated solutions through a configurable user-friendly interface to support financial institutions.
Founded: 1967 by Roy G. Shaw, Jr.
Key People:
- Roy G. Shaw, Jr.: Founder and Chairman (Recently passed)
- Chris Shaw: CEO
- Eamon Mulholland: Director, Compliance & Training
Headquarters:
10111 Richmond Ave, Suite 600, Houston, TX 77042
Number of Employees: No information is available.
Revenue of the Company: No information is available.
What is the Company Known For:
Shaw Systems has been a leader in loan servicing software for over fifty years, specializing in managing the entire loan servicing life cycle through advanced automation, technology, and integration with value-added industry partners.
Products
Loan Servicing
Shaw Systems offers a state-of-the-art loan servicing software solution that manages every aspect of the servicing life cycle. The software provides seamless support for borrowers, dealers, internal staff, and management.
Key Features:
- Real-time accounting
- Payment processing
- Customer-centric account management
- Automated workflow
- Risk & compliance automation
- Queue assignments
- Securitization
Collections
Shaw Systems’ collections software manages every phase of an account’s life cycle, helping clients provide high-level customer service while efficiently managing distressed debts.
Key Features:
- Configurable collections strategies
- Document management
- Payment integration tools
- Dialer integration
- Promise tracking and reporting
- Automated workflow
Recovery
The recovery solution offers full financial accounting and post charge-off management. It maximizes recoveries by targeting risk, improving process flows, and managing agency relationships.
Key Features:
- Charge-off decisions
- Shadow accounting
- Collection agency management
- Behavior analytics
- Sophisticated reporting workbench
Commercial
The commercial loan servicing software manages commitments, SBA loans, lines of credit, participations, and more, automating complex credit servicing needs.
Key Features:
- Commitments management
- Lines and loans processing
- SBA compliance and tracking
- Comprehensive fee processing
- Collateral tracking
Spectrum Xpress
Designed for quick deployment, Spectrum Xpress is a pre-configured, out-of-the-box hosted solution that lets clients start managing new lines and loans promptly.
Key Features:
- Fast deployment (90 days)
- Preconfigured
- Industry standard
- Cost effective
- 50 years of best practices
Dealer Floor Plan
The dealer floor plan financing software supports every aspect of the wholesale dealer floor plan servicing life cycle with features like web-based application and automated ACH processing.
Key Features:
- Self-service dealer portal
- Workflow automation tools
- Real-time and nightly queue assignments
- Comprehensive billing and payment options
- Online vehicle valuation integration
Recent Developments
- Introduction of Spectrum Xpress: Shaw Systems announced the launch of Spectrum Xpress, a pre-configured, cost-effective, and quickly deployed environment for loan and line management.
- Integration with Recovery Database Network (RDN): Shaw Systems completed a full integration with Recovery Database Network (RDN), enhancing their ecosystem with leading repossession software.
- Partnership with PayNearMe: Shaw Systems expanded its partnership with PayNearMe to offer electronic bill payment options that meet the needs of diverse consumer segments.
- Utilization of RabbitMQ: Shaw Systems integrated RabbitMQ into their Spectrum application for enhanced real-time monitoring of system events, ensuring seamless information flow.
- Driveway Finance Corporation as New Client: Shaw Systems announced their newest client, Driveway Finance Corporation, enhancing their portfolio of top auto finance companies.
- Podcast Episodes and Interviews: Shaw Systems continued its "Shawcast" podcast series with episodes discussing various aspects of their software in loan management, including payment integrations and compliance.
No new product launches or new features beyond what is detailed in existing products and partnerships were found.
Contact Information
Location:
10111 Richmond Ave, Suite 600, Houston, TX 77042
Email:
solutions@shawsystems.com
Phone:
713.782.7730
Copyright Shaw Systems Associates, LLC
