The largest provider of bankruptcy data, technology and services, and a trusted partner to companies operating in the business of bankruptcy
The largest provider of bankruptcy data, technology and services, and a trusted partner to companies operating in the business of bankruptcy
Data is integrated from U.S. Bankruptcy Courts, U.S. Census, National Data Center (NDC) and customer data systems to proactively manage your case or portfolio, mitigate risks, improve digital workflows and optimize efficiencies.
Automatic, daily matching and notification of bankruptcy filings within your debtor portfolios
Never miss new bankruptcy filings or updates to existing cases
Get scalable, advanced bankruptcy case search and document retrieval capabilities with the flexibility to import your customer loan numbers to reduce search
Auto-match payments from the National Data Center to your loan portfolio and eliminate manual cashiering work
Enhance operational efficiency with real-time electronic integration
A bankruptcy services platform built with superior data, technology and expertise to create insights and mitigate risk for businesses impacted by bankruptcies
The industry-leading source for real-time bankruptcy court data and statistics to help you discover insights, spot trends and stay ahead of the curve
Comprehensive bankruptcy case management and administration technology and services for Chapter 13, 12 & 11 Subchapter V cases
An efficient way to get your document uploaded, printed and mailed through online access to our state-of-the-art facilities that handle millions of mailing daily
Access to information and documents filed in active Epiq restructuring cases with ability to file claims and subscribe to docket updates
Leveraging the most comprehensive U.S. bankruptcy court dataset to provide technology that helps lenders, servicers, trustees, attorneys, investors and other stakeholders operating in the business of bankruptcy to automate and scale operations
Meet critical deadlines and make better decisions with bankruptcy intelligence
Transform costly manual processes with automated data extraction services
Streamline and standardize the bankruptcy document creation process
Leverage Epiq AACER’s new and historical data to support critical business decisions throughout the bankruptcy process
Providing bankruptcy trustees with comprehensive, start-to-finish bankruptcy administrative support
Navigate the complexity of corporate restructuring with Epiq’s experienced professionals
Leverage world-class data and a team of experts to increase accuracy and efficiency in your daily tasks
Resources such as press releases, news articles, blog posts, webinars and more to offer insights for professionals in the business of bankruptcy
Resources such as press releases, news articles, blog posts, webinars and more to offer insights for professionals in the business of bankruptcy
Resources such as press releases, news articles, blog posts, webinars and more to offer insights for professionals in the business of bankruptcy
Resources such as press releases, news articles, blog posts, webinars and more to offer insights for professionals in the business of bankruptcy
The largest provider of bankruptcy data, technology and services, and a trusted partner to companies operating in the business of bankruptcy
The largest provider of bankruptcy data, technology and services, and a trusted partner to companies operating in the business of bankruptcy
The largest provider of bankruptcy data, technology and services, and a trusted partner to companies operating in the business of bankruptcy
Industry: Banking & Mortgage
Market: United States
Size: Fortune 100
The team leader in the foreclosure department of a Fortune 100 bank relies on Epiq AACER, the bankruptcy monitoring platform. "We upload any foreclosure loans that have to sell within seven business days," the lead explains, "and send that information to AACER for a scrub. Results tell us if there's an active bankruptcy on a foreclosure file before we proceed to sale."
AACER provides results within 24 hours or less. Results feature hits, no hits, and suspect cases. A 'No hit' reply means AACER identified zero bankruptcies for a specific borrower.
When AACER returns a hit showing a borrower with a previous or current bankruptcy or identifies a suspect case, an analyst is assigned. Analysts conduct bankruptcy searches to identify the current status, flag motions for relief, and determine if a sale can proceed.
Failure to follow this procedure-or get accurate information from it-would put the lender and the borrower at risk. Using AACER to identify foreclosure loans attached to bankruptcies saves the bank thousands of hours and FTEs.
"If we didn't have the option to upload with AACER and get results within 24 hours, it would be very time-consuming for us to do a single bankruptcy search on every borrower for every loan set to sell within the next seven days. We would have to hire a new department to do all that. For example," the lead continues.
Texas and Georgia go to foreclosure sale the first Tuesday of every month. Between the two, we could have around 2400 loans going to sell. There is no way that our specific team or department has the number of analysts to do that many bankruptcy searches. One loan can have two borrowers, but sometimes it may have 3 or 4, depending on the type of loan. I would say that efficiency gains compared to other methods for scrubbing foreclosure sales is more than 50% or 60%.
The foreclosure department started using AACER eight years ago.
"100% accurate. We have internal and external audits and have yet to receive any audit finding on a bankruptcy search for my team due to an AACER error," the team leader explained.
Efficiency, accuracy, and ease of doing business define the bank's re lationship with AACER. Each client has an exclusive account contact for questions or issues that may arise.
"The line of communication we have with AACER is amazing," the bank representative notes. Timeliness is crucial as the foreclosure department's work is time-sensitive, and issues require immediate attention. Traditional methods often deliver results too late to make a difference, and AACER alleviates this problem. The team leader explains:
"There have been times," the lead recalls, "when perhaps a foreclosure firm or a court decision-they put the sell date in the system a little late. We get that sell day alert in our system within seven business days. There have been times when mistakes occurred on our end that put a dent in that seven-day window.
However, we know we can send that information to AACER and ask them to expedite. And most importantly, we know we can depend on the information we get back."
The foreclosure team leader is responsible formultiple processes.
"If my team misses a deadline or something of that sort, I'm hard on myself," the lead confesses. "We can always depend on AACER, and we love AACER over here."
Get answers to your questions and find out why AACER is the right choice for your business