Insights Articles

Vendor Scorecarding Techniques to Improve Collateral Recovery Results

vendor scorecard techniques

From our position as a national repossession management firm in the industry, we have been exposed to virtually every type of vendor scorecard model in use. Some of these models focus solely on recovery performance, while there are some that focus deeply and more diligently on regulatory/SOW compliance. Regardless of the depth of the scorecard…

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4 Factors Affecting the Repossession Industry

4 factors affecting repossession infographic

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…

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Equipment Repossession: 4 Steps to Picking the Right Agent

equipment repossession

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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Personal Property Handling: The Issues and Costs

personal property handling

Note:  The article was written by ALS 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…

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Using Data Analytics to Predict Auto Repossession Success

Using data analytics

Written by Steve Schroeder as part of the ALS 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…

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Repossession Compliance: Mobile Platforms Put the Goal Line In Sight

Repossession Compliance Mobile Platforms

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…

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Repo Agent Effort – In Today’s Environment, Expect To Get What You Pay For

repo agent effort

The relentless drive to reduce repossession related costs while, at the same time meeting the demands/expectations of regulators, may be catching up with us.  As one of the largest repossession management firms, we stay very close to the dynamics of the marketplace and we have become concerned about the current situation and even more concerned…

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Commercial Recovery: Local Agent vs Nationwide Repossession Management Firm

local repo agent vs repossession management firm

In this day and age, many heavy equipment and construction lenders still work directly with local repossession agents, rather than national firms, to find missing collateral.  While working directly with the agent assigned can, in some cases, speed up communication, a national provider of heavy equipment repossession services can offer significant benefits.  The remainder of…

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Pre-Charge Off Skip Trace – Is It Worth The Money?

pre-charge-off-skip-trace-auto-repo

Available industry data is clear, if a repossession agent has not recovered a vehicle within 30 days of working it properly, the recovery rate after that point is typically in the 6%-9% range.  This reality provides a strong incentive to rotate the assignment to a different provider in order to improve the likelihood that a…

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