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.
The Growing Concern Surrounding Redemption Takebacks
As American Recovery Association (ARA) Executive Director Les McCook summarized the situation of takebacks, “it’s a can of worms.” “For many years, if we picked up a car in Waco, Texas, they moved it to an auto auction in Dallas and people had to go to Dallas to get their car back. It was no…
Tight Management of the Repossession Process – Today More Than Ever
These are very difficult times for the repossession industry. Most commercial lenders report assignment volume down 60%-80% from the 2008-2009 peak. Many fine recovery agencies are struggling to survive. When times are tough, the temptation to cut corners can be strong. At the same time, regulators are putting more pressure on lenders to take a…
ALS | Resolvion Announces Industry Leading Skip Trace Compliance Program
As the Consumer Federal Protection Bureau (CFPB) starts to turn up the heat on lenders, regulatory compliance by your third party vendors is more important than ever. In fact, the CFPB recently issued guidelines to lenders regarding proper vendor management practices. In order to give our clients complete comfort on this issue, in this rapidly…
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