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…
Repossession Compliance: Mobile Platforms Put the Goal Line In Sight
Anyone that has been involved with the repossession industry over the past several years knows that the world looks very different today than pre CFPB. Most of the focus during this period has been on 3rd and 4th party oversight. Given the CFPB’s official position on vendor management, it is no longer acceptable to rely…
Changes in the Asset Recovery Industry… “Alea Iacta Est”
Author: Ron L. Brown Source: CU Repossessions In the last 10 years lending institutions and asset recovery agencies have seen numerous escalating changes related to the services, products and resources required to compete at the marketplace. The services the agency once used to allow a profit margin, towing, keys and storage fees have been taken/given…
Webinar: All In One Pricing For Repossession Services: Challenges & Strategies
When it comes to auto repossession, the all-in-one pricing model can be used as a potential compliance solution. Over the past 12-18 months, concerns expressed by the CFPB regarding ancillary fees have sparked an interest by lenders around the idea of establishing an all-in-one pricing model. The benefit of eliminating compliance concerns and simplifying the…
2018 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…
Coming Unhooked: The Growing Disconnect Between Lenders and Repo Agents
Author: Marcie Belles Source: Auto Finance News With auto loan delinquency rates rising, it would seem to be a good time to be a repossessor. But that’s not the case. Tow truck and vehicle insurance prices are climbing; license, bond, and other compliance-related costs are increasing; technology spending — to boost internal efficiencies and…
PROS AND CONS: Personal Property and Redemption Fee Models Used in Auto Repossession Management
One of the hottest compliance topics in the industry over the past year is the handling of personal property and redemption fees. CFPB’s concerns over treatment of customers has resulted in significant changes by most lenders. Auto lenders have changed their approach to handling personal property and redemption fees to one of the emerging five…