Resolvion Insights
At Resolvion, we believe that an important part of our role is to provide our clients with insights into current issues and best practices. To that end, we write articles, sponsor research, survey best practices, and host industry events. Visit this section of our site regularly for updates.
Best Practices in Repossession Management: Insights from Leading Lenders
As one of the nation’s largest repossession management firms, we collaborate with many of the major auto lenders, giving us a comprehensive view of a wide range of repossession strategies. Among leading lenders, repossession strategies are refined continuously to optimize outcomes. In contrast, some lenders maintain less effective strategies, which is often evident in their…
Best Practices in Repossession Management: Insights from Leading Lenders
As one of the nation’s largest repossession management firms, we collaborate with many of the major auto lenders, giving us a comprehensive view of a wide range of repossession strategies. Among leading lenders, repossession strategies are refined continuously to optimize outcomes. In contrast, some lenders maintain less effective strategies, which is often evident in their…
Unraveling the Confusion Around License Plate Recognition (LPR)
Over the past several years, the use of License Plate Recognition (LPR) technology has emerged as a driving force in the repossession industry. It has become an indispensable tool to lenders, forwarders and agents in the quest for improved recovery rates. At the same time, the LPR industry has gone through massive change. The…
Repo Storage Capacity – Ultimately the Lenders Problem
The repo industry is facing an increasingly challenging issue: limited storage capacity for repossessed cars. While this may seem like a problem for repossession agencies alone, it ultimately affects the lenders, who need the vehicles recovered. This article delves into the root causes of this issue, the economic impact on repossession agents, and how repossession…
Improving Repossession Results Through Deeper Data Analysis
Data analytics has become a driving force in many industries in today’s economy. However, the application of “big data” analytics in the repossession industry has not kept pace. This is due to several challenges, including operational fragmentation, lack of centralization of relevant data, and low prioritization of the issue within many lending organizations. Overcoming these…
Resolvion Welcomes Mike Thomas as New Chief Executive Officer
FOR IMMEDIATE RELEASE Resolvion Welcomes Mike Thomas as New Chief Executive Officer Charlotte, NC, April 1, 2024 – Resolvion, a premier provider of repossession management solutions, is pleased to announce the appointment of Mike Thomas as its Chief Executive Officer. With a distinguished career in the financial services sector, Thomas brings to Resolvion…
Resolvion Announces Paul Blalock as Senior Vice President of Commercial Business Development
FOR IMMEDIATE RELEASE Resolvion Announces Paul Blalock as Senior Vice President of Commercial Business Development Charlotte, NC, January 26, 2024 – Resolvion—an industry leader in national repossession management, skip tracing, remarketing, license plate recognition, heavy equipment, and specialty recovery—announced today their onboarding of Paul Blalock as the Senior Vice President of Commercial Business Development. A…