Archive for August 2013

ALS | Resolvion, a leading provider of collateral recovery services to commercial lenders today announced the availability of a valuation service designed to help clients make more informed decisions regarding whether or not to repossess equipment. The ValueNow service is not intended to provide a detailed valuation of the equipment, but rather to provide an…

These are very difficult times for the repossession industry. Most commercial lenders report assignment volume down 60%-80% from the 2008-2009 peak. Many fine recovery agencies are struggling to survive. When times are tough, the temptation to cut corners can be strong. At the same time, regulators are putting more pressure on lenders to take a…

As the Consumer Federal Protection Bureau (CFPB) starts to turn up the heat on lenders, regulatory compliance by your third party vendors is more important than ever.  In fact, the CFPB recently issued guidelines to lenders regarding proper vendor management practices. In order to give our clients complete comfort on this issue, in this rapidly…