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.

Article Image for Repo Storage Capacity

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…

Older Posts

personal property image

Personal Property Practices – A Summary of a Recent Lender Survey

In the Fall of 2016, the Consumer Financial Protection Bureau issued their Supervisory Highlights which illuminated their opinions on the issue of charging borrowers for personal property inventory, removal and storage. Ever since, the lending and repossession world has been in a flux over how to manage the dirty, dangerous and unpleasant duty. To be…
forwarders role in repossession

Forwarders Role in Repossession, Recovery, and Remarketing

Original Source: Auto Remarketing Written by: Nick Zulovich at Cherokee Media Group   Resolvion Executive Vice President Jose Mendiola didn’t mince words when asked by SubPrime Auto Finance News about what it’s been like for forwarding companies and other operations associated with recoveries since the pandemic began. “Repossessions being off almost 50% has put a…
Recovery Challenges in Post Pandemic

Recovery Challenges in a Post-Pandemic World

Emerging from the fear and panic of COVID-19, we find ourselves staring down the red-hot barrel of a post pandemic world. Inflation, material supply shortages and stubborn unemployment issues are present everywhere. The American economy is under strain, but for many in those industries who were struggling long before the scourge of COVID-19, these issues…
Repossession and Bankruptcy

Repossessions and Bankruptcy: What the Fulton decision means for turnover

  Written by: Rudy Cerone at McGlinchey Original Source:   The February Supreme Court decision in City of Chicago v. Fulton was widely celebrated in the lending community because the court found that a lender who repossesses a vehicle before a borrower files for bankruptcy is not in violation of the “exercise control” provision of the Bankruptcy…
repo compliance biden administration

Repossession Compliance & the Biden Administration: What Can We Expect?

President Joe Biden’s nomination of Rohit Copra, as the new Director of the CFPB, may bring new challenges to lenders, forwarders and agents if he is confirmed. All will likely have to navigate through intensifying regulatory challenges, according to Hudson Cook partner Eric Johnson, who described the confluence of factors coming together to create a…
remarketing repossessions

Remarketing Repossessions: Speed and Technology Makes a Difference

      Source:   Fast, effective recovery and remarketing of equipment tied to defaulted loans can make a huge difference in the net recovery on those loans.  Fortunately, recent advances in recovery technology, valuation methodologies and remarketing through digital platforms are allowing lenders to recover and liquidate assets in record time and, in…