General

Watch The Video: **For the best video quality and display, watch in full screen mode. Presenter: Les McCook of American Recovery Association   More repossession agencies are closing their doors every week.  The situation is serious and is likely to become even more so.  Keeping the recovery agent network healthy is one of the biggest…

Watch The Video: **For the best video quality and display, watch in full screen mode. Presenter: Bryan Geist of masterQueue   Effective skip tracing is still a critical part of a successful repossession strategy.  However, the challenge is much different than it used to be.  In the old days it was all about finding a…

Sponsored by: LinkedIn Group “Lenders Repossession Best Practices Forum” Powered by: ALS Resolvion   We asked over 3000 auto finance and lending professionals to participate in a quick survey about impound services and how it’s used for repossessions. We’ve complied the results and hope you find it very interesting. The responses are segmented by institution…

  Powered by: Resolvion   We asked over 3000 auto lenders to participate in a survey that covered the utilization of license plate recognition (LPR) and how it’s used in repossession operations. In the past several years, LPR technology has become a popular repossession strategy among banks, credit unions, and independent financial institutions of all…

Powered by: Resolvion   We recently asked over 3000 auto finance professionals to participate in a survey that covered the scope of personal property handling which is a popular topic in the repossession industry. As a leading national repossession management and skip trace company, we wanted to provide insightful industry data that can be used…

For ALS Resolvion, 2018 was the road from good to great. This slogan became our internal message to further drive results for our agents and clients. As we wrap up the year, we reflect on all the milestones that helped us accomplish “Great”. New integrations into RDN and Clearplan allowing us to simplify communication and…

One of the hottest compliance topics in the industry over the past year is the handling of personal property and redemption fees. CFPB’s concerns over treatment of customers has resulted in significant changes by most lenders. Auto lenders have changed their approach to handling personal property and redemption fees to one of the emerging five…

We surveyed over 100 auto lenders in regards to their personal property and redemption techniques. Take a look at the data we’ve gathered. 40% of lenders follow a fee model of which it’s set by the agent and collected by the agent 20% of lenders don’t allow personal property and redemption fees 15% of lenders…