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.
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…
Post COVID Collateral Recovery Will Pose Challenges
When the COVID shutdown began, most lenders issued moratoriums on repossession activity and began issuing payment deferrals to customers on a large scale. Several states also issued executive orders reducing or eliminating a lender’s ability to enforce their security interests during the crisis. As a consequence, over 90% of the repossession industry’s revenues vanished within…
Six Takeaways from Beyond the Curve: The Great Reset from Collections to Repossessions
Source: The Monitor Daily Monitor Live+ Beyond the Curve: The Great Reset from Collections to Repossessions was held on Tuesday, June 23. Bob Rinaldi, president of Rinaldi Advisory Services, moderated the live event. Rinaldi was joined by a panelist of industry leaders, including Debbie Devassy, shareholder at Askounis & Darcy; Deb Stibbe, associate vice…
MBSi and Resolvion Plan to Expand Integration
06/17/2020 – Phoeniz, Az. & Charlotte, Nc. – MBSi Corp. and Resolvion reached an agreement to complete a full integration of Resolvion’s Wombat system with MBSi’s new RecoveryConnect platform. Resolvion recently completed a merger with Del Mar and in doing so created one of the largest repossession/skip management companies in the country. MBSi, which acquired…
Industry Survey Results on Repossession Moratorium
Recently, we sent out an email asking for participation in a survey surrounding post COVID-19 lender repossession activity. The results are in and we want to share it with you. Below you can find the questions and answers from the survey as well as the opportunity to download a PDF file of the full results.…
Where Sub-prime Lenders Can Incorporate Predictive Modeling for Loans
Author/Source: Non-Prime Times Sub-prime lenders must sense the famous saying all the time nowadays, because the more things change, the more they stay the same. Sure, the industry is in a drastically different place today compared to five or even 10 years ago. Today, there are a bevy of data analytics and technology platforms to…
Webinar: Using AI and Big Data to Improve Repossession Results
This session will examine the type of analysis and decisions derived from data and will provide insights into how AI is likely to be used to drive better results, greater efficiency and improved compliance in the recovery industry in the future. Here’s What You’ll Learn: Identifying recovery curves to implement timely strategy adjustments Repossession…