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We surveyed over 100 auto lenders in regards to vendor score carding strategies. Here’s a visual look of the results. 67% of auto lenders use nationwide repossession management companies to manage their asset recovery 70% score card their vendors while 30% don’t 78% give their repossession vendors score cards on a monthly basis 17% give…

Repossession services are available through multiple providers so why pay more than what the low-cost provider is willing to accept? The image illustrates four trade-offs between repossession fees and recovery results. When recovery fees are driven down to rock bottom levels, the service provider (whether a direct agent or a forwarder/skip company) is typically forced…

Did you know that over 40% of lenders don’t allow repo agents to  charge fees directly? We recently asked over several auto lending institutions to participate in a survey that covered the scope of allowable fees and institution practices. Over 50 institutions provided information on personal property and redemption. The results were very interesting! We want…

We recently surveyed over 100 lenders to gauge different score carding strategies.  The survey results were very informative and gave insight into different techniques used by auto finance lenders of all sizes. We were surprised that over 20% of lenders don’t allocate market share based on vendor score cards! Our survey consisted of questions regarding…

When it comes to auto repossession services, all in one pricing can, indeed, offer benefits in these areas.  However, as many lenders have come to understand, it must be approached very carefully and requires fairly deep analytics to gain a clear view of where the pricing should fall. Here are the key issues surrounding an…

Article by Will Turner at TEC Services Group: http://tecsg.com/analyticalperspectives/get-skip-tracing/   Ask five people what the best skip trace tools and techniques are to find John Doe and you are likely to get five different answers. Why? It is relative. Searching for a missing child you’d likely have different time and money limitations than searching for…