Innovate Loan Servicing Corporation Review 2023

Innovate Loan Servicing Corporation is a company that specializes in servicing loans. In other words, they manage the auto loan receivables from different lenders across the country. Headquartered in North Texas, the company handles tasks like collecting payments, processing paperwork, and communicating with borrowers on behalf of the original lender.

They have organized customer service with personalized welcome communications, clear billing statements, and various payment methods, including online access and automated phone pay.

Unique Features of Innovate Loan Servicing Corporation

• Third-party service: Innovate doesn't offer their loans but manages them for other lenders. However, the service policies will be those of the original lender, and Innovate will take care of the payment and other services.
• Extended customer service hours:They offer customer service support by phone and message beyond office hours.
• Multiple payment options: By submitting your account number, you can opt for a one-time payment, sign up for auto-pay, or even choose text to pay. With text-to-pay, you'll receive notifications via text to make payment.

Does Innovate Loan Servicing Corporation Offer Auto Loans?

No, Innovate Loan Servicing does not offer auto loans directly. They specialize in servicing existing loans, not providing new ones. Therefore, you'll come across Innovate when the lender from whom you took the loan has assigned Innovate to service it.

Similarly, you can purchase or refinance auto loans through the companies that've partnered with Innovate Loan Servicing Corporation. Therefore, you can purchase an auto loan or refinance through the partners of Innovate Loan Servicing Corporation.

How to Qualify: Innovate Loan Servicing Corporation Requirements

Since Innovate does not provide the loan, the requirements, and the qualifications will depend on your lender.

Innovate Loan Servicing Corporation Review: Way.com Summary

Innovate Loan Servicing Corporation will handle your payments and follow up on them if your lender partners with them. They have good customer support and different convenient payment options you can choose from.