I was notified of potential funds that could be claimed and communication was very friendly.....personal. And I have received my first check and I am very please. Thanks to Michael Santos
Jane Aronson
With over $100bb+ in unclaimed properties outstanding, MDS
aims to bring awareness to the majority of claimants who're
unaware of these funds existing.
Unresolved unclaimed property is a growing issue for the 80% percent of firms who're aren't in compliance, but an opportunity for the financial service firms they work with to increase their business value.
When companies hold a variety of unclaimed properties as accounts payable, they are required to locate the owner and return the payables or complete a set of processes called escheatment that can incur costly fines and penalties if not met with proper compliance protocols .
What MDS Offers Its Partners
MDS Recovery offers new kinds of unclaimed property returns solutions. We go beyond the standard
due diligence methods that are utlizied today (i.e. mail).
Our outreach intelligience solutions focus on providing extensive skip tracing methods and offering superb customer experiences
that preserve valuable customer relationships.
Value Added Services
Diversifying your service offerings to unclaimed property tracking and returns solutions will not only differentiate your firm from others selling competing services but will also bring nothing but maximum appreciation from clients who're unaware of the huge amounts of unclaimed funds they're potentially owed.
Fruitful partnership
Our returns solutions allow our partners to expand their revenue line from affiliate commission rates that can range from 3-8% of the commission total, yielding your firm thousands of dollars in monthly income.
Customer experience
Ensure claimants receive personalized attention with our compassionate messaging and an attentive customer service team that’s compensated based on outcomes, not upfront fees
Effective outreach
Having returned over $2mm+ in unclaimed property, we go beyond the the standard direct mailing methods that have been responsible for billion of dollars in unclaimed property to go to states coffers. Instead we utilize a multi-channel approach that notifies claimants in the most effective way.
Tailored payouts
Give claimants the choice to tailor their payouts at the speed in which they'd like to receive funds.
1/5
Identifying UP payables
MDS works with firms to identify any unclaimed property payables in its system that are up for review or have to be attended to.
2/5
Due diligence
After all applicable UP accounts are identified and assigned, MDS takes all measures to cover due diligence regarding finding the rightful owner.
3/5
Multi channel outreach
Using a multi channel communication model, MDS delivers personalized communications on the channels the customer is most comfortable using.
4/5
Dynamic returns
Once holder is ready to claim funds, MDS Recovery then establishes a dynamic service fee and a form of payment that the client finds most convenient.
5/5
Partner payouts
After funds are returned and MDS Recovery collects the commission, net proceeds for our partners are held and distributed monthly.