Insights Articles

Over the past year, the handling of personal property and redemption fees has become one of the hottest compliance topics in the industry.  It is on the radar screen of virtually every auto lender in the country, as well as the regulators.  Most of this interest is sparked by CFPB concerns over disparate treatment of…

It is important to understand that a true staging strategy involves capitalizing on real time (live) vehicles sightings vs. the use of historical LPR hits that occurred anywhere from several hours to several months ago. Over the past several years, the use of LPR technology has had a huge impact on recovery rates. Here are…

Here are 5 best practices to produce to the best auto repossession results! As one of the largest repossession management companies in the country, we work with some of the largest auto lenders in the country. We’re happy to share with you our experience as to what we see as the key components of a…

Over the years, repossession and skip tracing services have come to be viewed somewhat as commodities by many in the lending community. As such, outside of compliance, the primary focus around the management of these services has been cost. After all, since these services are available through multiple providers, why pay more than what the…

Over the past 12-18 months, there has been a real increase in interest by lenders around the idea of establishing “all in one pricing” (AiO) with their repossession forwarders.  Most of this interest has been spurred by concerns expressed by the CFPB regarding ancillary fees as well as a desire by lenders to simplify the…