The Credit Union Repossession Services Solution
FOR IMMEDIATE RELEASE 3/11/2019 – CHARLOTTE, NC – ALS Resolvion, the nations’ leading CFPB compliant repossession forwarding, skip tracing and license plate recognition LPR) staging technology leader, has been providing best in the industry scorecards and results for the biggest lenders in the auto finance industry for many years. With the addition of ALS Resolvion’s…
Read MorePersonal Property Handling: The Issues and Costs
Note: The article was written by Resolvion with the input and data provided by the American Recovery Association. Over the past year, there has been a great deal of discussion about the fees related to the removal and storage of personal property. The issue has resulted in significant changes by most lenders as to…
Read More5 Credit Union Repossession Best Practices
As one of the top repossession management firms in the country, we work with some of the largest credit unions. Doing so has given us deep insight into the strategies deployed by many different lenders. With many leading credit unions, this strategy has been highly refined over the years and is constantly being adjusted to maximize…
Read MoreHow dealers can make more in deep subprime without spending more
Article from: SubPrime News By Brian Deeley Spireon Dumb question: Who wants to make more money? We all do, of course. But is opening your business to more credit-challenged consumers worth chasing more delinquencies and repos? Good question; and one that becomes problematic if you don’t take the right steps to minimize your risk. But,…
Read MoreUsing Data Analytics to Predict Auto Repossession Success
Written by Steve Schroeder as part of the Resolvion Insights Series Statement of the Problem Several factors converge to cause current and future constraints in the repossession industry that will impact lenders, forwarders (also known as repossession management companies) and agencies alike. These factors will continue to increase in relevance over the next five to…
Read MoreRepossession Compliance: Mobile Platforms Put the Goal Line In Sight
Anyone that has been involved with the repossession industry over the past several years knows that the world looks very different today than pre CFPB. Most of the focus during this period has been on 3rd and 4th party oversight. Given the CFPB’s official position on vendor management, it is no longer acceptable to rely…
Read MoreChanges in the Asset Recovery Industry… “Alea Iacta Est”
Author: Ron L. Brown Source: CU Repossessions In the last 10 years lending institutions and asset recovery agencies have seen numerous escalating changes related to the services, products and resources required to compete at the marketplace. The services the agency once used to allow a profit margin, towing, keys and storage fees have been taken/given…
Read MoreWebinar: All In One Pricing For Repossession Services: Challenges & Strategies
When it comes to auto repossession, the all-in-one pricing model can be used as a potential compliance solution. Over the past 12-18 months, concerns expressed by the CFPB regarding ancillary fees have sparked an interest by lenders around the idea of establishing an all-in-one pricing model. The benefit of eliminating compliance concerns and simplifying the…
Read MoreComing Unhooked: The Growing Disconnect Between Lenders and Repo Agents
Author: Marcie Belles Source: Auto Finance News With auto loan delinquency rates rising, it would seem to be a good time to be a repossessor. But that’s not the case. Tow truck and vehicle insurance prices are climbing; license, bond, and other compliance-related costs are increasing; technology spending — to boost internal efficiencies and…
Read MoreALS Resolvion Announces Webinar Series Aimed at Spreading Best Practices
Charlotte, NC, October 25, 2018 – As part of its ongoing efforts to put a spotlight on the repossession industry, ALS Resolvion (ALSR) has announced the launch of their “Insights” webinar series with the first webinar scheduled to launch on Wednesday, November 28, 2018. The webinar series will aim to provide the lending community with…
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