CU Repo Plus

5 Credit Union Repossession Strategies

5 credit union repo 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 More

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…

Read More

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…

Read More

CU Repo Plus – 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 More

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…

Read More

5 Credit Union Repossession Best Practices

5 credit union 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 More

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…

Read More

Coming Unhooked: The Growing Disconnect Between Lenders and Repo Agents

coming unhooked by auto finance news

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 More