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…
Read MoreResolvion 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…
Read MoreAre 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…
Read MoreWebinar: 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…
Read MoreRepossessing 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…
Read MoreVideo: Key Challenges for Repossession Agents | Agent Panel Discussion
Watch The Video: **For the best video quality and display, watch in full screen mode. Panel: -Les McCook of American Recovery Association (ARA) -Bryanna Cox of Paradigm Recovery -Mike Pletz of International Recovery Systems (IRS) Host: -Michael Levison of Resolvion More repossession agencies are closing their doors every week. In this panel…
Read MoreResolvion Announces New Carlsbad, CA Facility
Carlsbad, CA, August 24, 2020 – Resolvion, a repossession management and skip-tracing services provider, recently moved into a larger facility in Carlsbad, CA., to support its strong growth in the marketplace. Carlsbad is a city near San Diego, located along the Pacific Ocean coastline. The new space is comprised of a 13,000 square feet office…
Read MoreResolvion Adds Director of Business Development Team Member
Atlanta, GA, July 23, 2020 – Resolvion, a leading national skip tracing and repossession management company announced today that Nicole Combs has joined the company as the Director of Business Development. Combs joins Resolvion with over 10 years of experience in sales and account management. She previously served at similar positions before being appointed as…
Read MorePost 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…
Read MoreSix 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…
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