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.
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…
Utilization 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…
7 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…
5 Credit Union Repossession Strategies
There are many variations to repossession strategies but the one that generally gets the best auto recovery results for credit unions has 5 simple elements. Multiple repo agents or repossession management firms (forwarders) Relatively short assignment durations Multiple rotations for pre-charge off and post charge off Frequent and transparent scorecards A process for rewarding and…
Personal 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…
Who Are The Real Bad Guys; Banks, Forwarders, or Agents?
Article from: CU Collector Written by: Jeremy Cross International Recovery Systems As we all know the state of the repossession industry has changed drastically in the last few years. What was once a very lucrative industry for all who ran their businesses well has become one of distrust and infighting that is seeing costs…
4 Factors Affecting the Repossession Industry
There are 4 factors that cause current and future constraints in the repossession industry that impacts auto lenders, repossession management companies, and recovery agents. Over the next decade, these factors will continue to put pressure on the industry. Increasing State and Federal Regulation: The repossession industry has undergone tremendous change over the last ten years…