Archive for March 2019
4 Factors Affecting the Repossession Industry
There are 4 factors that cause current and future constraints in the repossession industry that impacts auto lenders, repossession management companies, and recovery agents. Over the next decade, these factors will continue to put pressure on the industry. Increasing State and Federal Regulation: The repossession industry has undergone tremendous change over the last ten years…
Read MoreEquipment Repossession: 4 Steps to Picking the Right Agent
Initial Agent Vetting Anytime you have to repossess collateral, the lender assumes meaningful risk. Courts have found repeatedly that lenders are responsible for the acts of their sub-contractors. This is why the initial agent vetting process is so important. As one of the top nationwide heavy equipment repossession management companies, we’ve vetted thousands of recovery…
Read MoreThe Credit Union Repossession Services Solution
FOR IMMEDIATE RELEASE 3/11/2019 – CHARLOTTE, NC – ALS Resolvion, the nations’ leading CFPB compliant repossession forwarding, skip tracing and license plate recognition LPR) staging technology leader, has been providing best in the industry scorecards and results for the biggest lenders in the auto finance industry for many years. With the addition of ALS Resolvion’s…
Read MorePersonal Property Handling: The Issues and Costs
Note: The article was written by Resolvion with the input and data provided by the American Recovery Association. Over the past year, there has been a great deal of discussion about the fees related to the removal and storage of personal property. The issue has resulted in significant changes by most lenders as to…
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