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.
Press Release – Resolvion Partners with AKUVO
Resolvion partners with AKUVO Platform Charlotte, NC , November 6, 2023 – Resolvion, an industry leader in national repossession management, skip tracing, remarketing, license plate recognition, heavy equipment and specialty recovery, announced today a partnership with AKUVO and its Collections & Portfolio Analytics platform, Aperture. As an integrated repossession service provider, the partnership will provide…
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…
The Repo Alliance: An Attempt to Standardize the Repo Industry
Exclusively written for Resolvion by Janina Burnell. The repossession industry has been forced to act to protect itself in the current climate, intensified by the recent pandemic. The Repo Alliance is a fundraising body that brings together several groups looking to serve a common interest. It started out with the American Recovery Association (ARA) and has…
Resolvion Launches Recovery Plus, A Seamless Repossession, Inspection, Valuation and Remarketing Service
Charlotte, NC, January 04, 2021 – Resolvion, one of the nation’s leading equipment repossession management firms, has expanded its services to provide customers with a comprehensive solution to equipment recovery and liquidation needs. This “end-to-end” program, called Recovery Plus includes Resolvion’s core repossession services as well as detailed inspections, equipment valuation, and remarketing. Certain services will…
Are Your Repossession Agents Properly Insured?
Source: Monitor Daily There are few actions that a lender takes that have more potential for legal or damage claims than a vehicle or equipment repossession. Ensuring that your service providers have the right types and amounts of insurance coverage is critical to managing the risk. While your contracts may be clear that…
Webinar: Recent CFPB Consent Order: Implications to Lender Repossession Activity
The CFPB and a major auto finance company recently entered into a Consent Order relating to several of the major lender’s past practices. A number of the issues addressed in the Order related to repossession activity. While this particular action is related to the major lender, the Consent Order gives important clues on how the…
Repossessing Collateral? Know Your Repossession Agent
Source: https://www.equipmentfa.com/blogs/31333/repossessing-collateral-know-your-repossession-agent Anytime you must repossess collateral, the lender assumes meaningful risk. Involuntary repossession, by definition, is often a hostile situation that can lead to a host of problems. Given that courts have found repeatedly that lenders are responsible for the acts of their sub-contractors, it is critical that your organization ensures that repossession…