Insights Articles

Watch The Video: **For the best video quality and display, watch in full screen mode.   Panel: -Les McCook of American Recovery Association (ARA) -Bryanna Cox of Paradigm Recovery -Mike Pletz of International Recovery Systems (IRS)   Host: -Michael Levison of Resolvion   More repossession agencies are closing their doors every week. In this panel…

When the COVID shutdown began, most lenders issued moratoriums on repossession activity and began issuing payment deferrals to customers on a large scale.  Several states also issued executive orders reducing or eliminating a lender’s ability to enforce their security interests during the crisis.  As a consequence, over 90% of the repossession industry’s revenues vanished within…

An impounded vehicle is a ticking time bomb. From the moment the vehicle is towed into an impound yard until the moment it is recovered, the clock is ticking. And with every passing second, more money is being lost and more headaches are being created. The fractured nature of the impound industry, from tax notifications…

Effective management of impound repossessions is challenging.  Impound yard operators are notorious for being difficult and, in many cases, unscrupulous operators.  The entire process consists of several unconnected parts and requires specialized expertise to handle effectively. If not handled properly, the process can be extremely expensive, or even worse, can result in the loss of your…

If you ask a handful of repossession managers about their top goals, it would be recovering more cars, lowering the average days to repossession, speeding up vehicle auction sales, and reducing overall costs. Outside of remaining compliance, most repossession and loss mitigation managers are focused on these metrics. There are many ways to accomplish these…