Repo Assignment Management Strategy – A Summary of Best Practices
As one of the largest repossession management firms in the country, we work with most of the largest auto lenders in the country. Doing so has given us deep insight into the strategies deployed by different lenders. With many leading lenders, this strategy has been highly refined over the years and is constantly being tweaked…
Read MoreWorkers Comp. Coverage – Your Repo Agents Need It Even If the State Says They Don’t
“Repo Man Attacked With a Shovel” “Car Owner Attacks Tow Truck Driver Trying to Repo Vehicle” “In-Car Video Helps in Arrest of Man Who held Agent at Gunpoint” “Pair Accused of Assaulting Repo Agent with Box Cutter” These are just a few of the recent headlines documenting violent attacks on repossession agents in recent…
Read MoreScott Darling Joins ALS Resolvion As Chief Operating Officer
Charlotte, NC, June 03, 2019 – ALS Resolvion, a leading provider of skip tracing and repossession management services, announced today that Scott Darling has joined the company as Chief Operating Officer. Darling joins ALS Resolvion with over 20 years of experience in loss mitigation, collections, and back office operations. He previously served as SVP at…
Read MoreWebinar: Optimizing the Use of LPR Data
Over the years, the use of LPR technology has had a huge impact on vehicle recovery rates. As the use of this technology has grown, lenders, forwarders and agents have gotten progressively better in using the LPR data to improve repossession performance and efficiency. Seats are limited to the first 100 auto finance lenders. Register…
Read MoreALS Resolvion Receives Excellence in Network Security Award
Charlotte, NC, May 16, 2019 – ALS Resolvion, a nationwide skip trace and repossession management firm, has been selected as an honorable mention winner within Digital Defense’s 2018 Client Recognition Award Program. The program recognizes organizations that display the highest level of network security. Out of 1,600 recurring vulnerability scanning and penetration testing clients, ALS…
Read MoreALS Resolvion Named 2019 Platinum Provider of the Year by DRN
Irving, TX, May 08, 2019 – During the Annual North American Repo Summit (NARS) held in Irving, TX, ALS Resolvion was named the recipient of Digital Recognition Network’s (DRN) 2019 Platinum Provider of the Year Award. ALS Resolvion is a leading nationwide skip trace and repossession management firm serving both consumer and commercial lenders. The…
Read More5 Credit Union Repossession Strategies
There are many variations to repossession strategies but the one that generally gets the best auto recovery results for credit unions has 5 simple elements. Multiple repo agents or repossession management firms (forwarders) Relatively short assignment durations Multiple rotations for pre-charge off and post charge off Frequent and transparent scorecards A process for rewarding and…
Read MoreWho Are The Real Bad Guys; Banks, Forwarders, or Agents?
Article from: CU Collector Written by: Jeremy Cross International Recovery Systems As we all know the state of the repossession industry has changed drastically in the last few years. What was once a very lucrative industry for all who ran their businesses well has become one of distrust and infighting that is seeing costs…
Read More4 Factors Affecting the Repossession Industry
There are 4 factors that cause current and future constraints in the repossession industry that impacts auto lenders, repossession management companies, and recovery agents. Over the next decade, these factors will continue to put pressure on the industry. Increasing State and Federal Regulation: The repossession industry has undergone tremendous change over the last ten years…
Read MoreEquipment Repossession: 4 Steps to Picking the Right Agent
Initial Agent Vetting Anytime you have to repossess collateral, the lender assumes meaningful risk. Courts have found repeatedly that lenders are responsible for the acts of their sub-contractors. This is why the initial agent vetting process is so important. As one of the top nationwide heavy equipment repossession management companies, we’ve vetted thousands of recovery…
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