General
Industry Survey Results on Repossession Moratorium
Recently, we sent out an email asking for participation in a survey surrounding post COVID-19 lender repossession activity. The results are in and we want to share it with you. Below you can find the questions and answers from the survey as well as the opportunity to download a PDF file of the full results.…
Read MoreVideo: Remarketing Challenges and Opportunities
Watch The Video: **For the best video quality and display, watch in full screen mode. Presenter: Joe Hearn of Advanced Remarketing Services The hottest trend in the remarketing business in recent years has been the sale of vehicles “upstream” rather than at traditional auctions. This has become a major part of channel mix for…
Read MoreVideo: The Major Issues Facing Repossession Industry
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…
Read MoreVideo: Skip Trace and Collection Trends | Best Qualities of a Skip Tracer
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…
Read More22 Repo Industry Statistics, Trends & Analysis
Article from: https://brandongaille.com/22-repo-industry-statistics-trends-analysis/ The repo industry is involved in the business of repossession. When consumers default on a loan, such as a car loan, then a lien on that item can be activated. The consumer can be ordered to turn the product over because of the lien. Most owners refuse to do so. That’s…
Read MoreUtilization of Impound Services – Survey of Lender Practices
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…
Read MoreUtilization of LPR – Survey of Lender Practices
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…
Read More7 Insurance Requirements for Heavy Equipment Repossession
Proper insurance coverage is critical when it comes to repossessing heavy equipment collateral such as trailers, dozers, trucks, and related vehicles in construction, farming, and transportation. As one of the leading nationwide equipment repossession companies, the suggested coverage and amounts are more than sufficient to cover any situation. In the case that a heavy equipment…
Read MorePersonal Property Handling Fees – Survey of Lender Practices
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…
Read More2018 Year in Review – The Road From Good to Great
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…
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