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.
Post Repossession Processing – Pain Point For All
For at least the past 10 years, there has been a never ending struggle between lenders and service providers (mainly forwarders and agents) over fees. Service providers push for increased fees to offset higher costs while lenders typically resist paying more. While the key inputs into the cost side of the equation (labor, equipment, etc.)…
Vendor Scorecarding Techniques to Improve Collateral Recovery Results
From our position as a national repossession management firm in the industry, we have been exposed to virtually every type of vendor scorecard model in use. Some of these models focus solely on recovery performance, while there are some that focus deeply and more diligently on regulatory/SOW compliance. Regardless of the depth of the scorecard…
4 Metrics That Will Make Your Scorecards More Effective
As a leading national repossession management company, we are exposed to a variety of vendor scorecard models. Each model consists of different metrics from recovery performance to regulatory/SOW compliance. Vendor scorecarding is an essential tool for the auto repossession and collateral recovery industry. Here are four metrics that will make your repossession vendor scorecards more…
5 Ways to Improve Impound Recovery
Impound management and repossession is often a challenging task. The impound management process is tedious and many times is a multi-step and multi-platform procedure that requires specialized expertise to handle effectively. To make matters worse, impound yard operators are difficult to deal with. There are many issues involved when it comes to recovering an impounded…
Optimizing Repossession Results Utilizing AI and Big Data
The characters in “The Wizard of Oz” ultimately learn that the items they had been seeking — courage, a heart, and a brain — were with them all along. They just needed to look inside themselves and realize the situations they had faced helped reveal those characteristics they thought they did not have. As Glinda…
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, 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…