Archive for May 2018

All-in-One Pricing Offers Potential Benefits But…

all in one repossession pricing

Over the past 12-18 months, there has been a real increase in interest by lenders around the idea of establishing “all in one pricing” (AiO) with their repossession forwarders.  Most of this interest has been spurred by concerns expressed by the CFPB regarding ancillary fees as well as a desire by lenders to simplify the…

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LPR Staging – Faster Recoveries, Higher Yields and Lower Costs

LPR staging for auto repossession

Over the past several years, the use of LPR technology has had a huge impact on auto recovery rates.  As the use of LPR has grown, lenders, forwarders and agents have gotten progressively better in using the data to improve performance and efficiency.   However, there is still one strategy for optimizing the use of…

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22 Repo Industry Statistics, Trends & Analysis

Repo Industry Statistics

Article from: https://brandongaille.com/22-repo-industry-statistics-trends-analysis/   The repo industry is involved in the business of repossession. When consumers default on a loan, such as a car loan, then a lien on that item can be activated. The consumer can be ordered to turn the product over because of the lien. Most owners refuse to do so. That’s…

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