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.)…
Effective Impound Management Strategies
An impounded vehicle is a ticking time bomb. From the moment the vehicle is towed into an impound yard until the moment it is recovered, the clock is ticking. And with every passing second, more money is being lost and more headaches are being created. The fractured nature of the impound industry, from tax notifications…
Part I of recovery commentary: Skip-tracing strategy and measuring value
Author: Joel Kennedy, NAF Association Source: SubPrime Auto Finance News Editor’s note: This commentary is the first in a series compiled by Joel Kennedy, who is the current president of the National Automotive Finance Association and Chief Operating Officer at TruDecision, looking at the intricacies of repossessions and recovery. The industry that locates borrowers and…
Resolvion Launches New Specialty Repossession Services
Charlotte, NC, February 03, 2020 – Resolvion, one of the nation’s leading skip trace and repossession management firms, has released a new specialty suite of services. These specialty services were designed to address many of the challenges that lenders encounter in their repossession activities. Resolvion’s specialty services includes the following programs: Rural Area Recovery Bankruptcy…
Video: The Major Issues Facing Repossession Industry
Watch The Video: **For the best video quality and display, watch in full screen mode. Presenter: Les McCook of American Recovery Association More repossession agencies are closing their doors every week. The situation is serious and is likely to become even more so. Keeping the recovery agent network healthy is one of the biggest…
Video: Skip Trace and Collection Trends | Best Qualities of a Skip Tracer
Watch The Video: **For the best video quality and display, watch in full screen mode. Presenter: Bryan Geist of masterQueue Effective skip tracing is still a critical part of a successful repossession strategy. However, the challenge is much different than it used to be. In the old days it was all about finding a…
From the editor: A crisis facing repossession agents
Article from: SubPrime Written by: Nick Zulovich DALLAS – While the overall automotive industry might be relatively healthy, no doubt there are dealerships struggling with aged inventory, auctions stressed to keep commercial consignors satisfied and finance companies wringing their hands over compressed margins and wavering portfolio performances. But if you would please indulge me…