Consulting. AXIS Financial Services (AXIS) was founded in 1999 as a consulting firm specializing in collection strategies for securitized receivables portfolios in the timeshare industry and expanded into federal student loans. AXIS provides in-depth studies of client debt servicing and collections practices from "outside the box," identifying key strengths and weaknesses. Studies result in detailed process improvement recommendations shaped by years of developing strategies and collection techniques for businesses in a wide range of industries including many Fortune-500 companies. A fundamental component of AXIS' strategy is collections outsourcing enabling client organizations to focus on "currency" rather than "delinquency."
Collections. In 2000, AXIS recognized that the industry's collection vendors were under-serving its clients' performance goals. As a result, Pinnacle Recovery (Pinnacle) was created, and by 2010 was collecting more than $24 million annually from previously non-performing client receivables. The Company's collection philosophy is simple: Understand the product in which the owner/member invested and create an individualized collection approach for each consumer.
Impact. In 2010, AXIS significantly expanded its collections capacity and speed with the launch a new technology platform and expanded infrastructure. Today, we offer lenders, developers, agencies and portfolio owners focused in timeshare and federal student loans a proven collection-intensive servicing product specifically developed for the current economic landscape. The Company's competitive advantage is its ability to increase cash flow and liquidity by maintaining currency in its' clients portfolios.