Insights

A collateral recovery blog dedicated to giving you the latest industry news and custom articles developed by our expert team. Start getting better results, lower risk.

local repo agent vs repossession management firm

Commercial Recovery: Local Agent vs Nationwide 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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local repo agent vs repossession management firm

Commercial Recovery: Local Agent vs Nationwide 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…
pre-charge-off-skip-trace-auto-repo

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

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…
Image How Repo Agents Evaluate Lenders

How Repo Agents Evaluate Lenders & Forwarders – A Look Into an Agent’s Metrics

Guest Author: Jeremy Cross President at International Recovery Systems   Recently, I have had the opportunity to travel to various repossession related events, and in attendance were many lenders, agents and forwarders. Of the many conversations that took place, and there sure is a lot of them, one kept popping up- how do you evaluate…
auto lenders vendor score carding

LRBPF: Vendor Score Carding Strategies for Auto Lenders

The primary objective of our LinkedIn Group, Lender’s Repossession Best Practices Forum (LRBPF), is to provide members with insights on best practices and processes deployed by others. With that said, we recently surveyed over 100 lenders to gauge different score carding strategies.  The survey results were very informative and gave insight into different techniques used…
auto repo personal property redemption

Personal Property & Redemption Fees: A HOT Topic in Auto Repossession

Over the past year, the handling of personal property and redemption fees has become one of the hottest compliance topics in the industry.  It is on the radar screen of virtually every auto lender in the country, as well as the regulators.  Most of this interest is sparked by CFPB concerns over disparate treatment of…
all in one pricing auto repossession

Key Issues Surrounding All in One Pricing

When it comes to auto repossession services, all in one pricing can, indeed, offer benefits in these areas.  However, as many lenders have come to understand, it must be approached very carefully and requires fairly deep analytics to gain a clear view of where the pricing should fall. Here are the key issues surrounding an…