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 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…

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insurance for repossession

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…
credit union repossession

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…
Survey of Lender Practices

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

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…
factors affecting repossession

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…
equipment repo picking the right agent

Equipment Repossession: 4 Steps to Picking the Right Agent

Initial Agent Vetting Anytime you have to repossess collateral, the lender assumes meaningful risk.  Courts have found repeatedly that lenders are responsible for the acts of their sub-contractors. This is why the initial agent vetting process is so important. As one of the top nationwide heavy equipment repossession management companies, we’ve vetted thousands of recovery…