ALSR Insights

At ALSR, we believe that an important part of our role is to provide our clients with insights into current issues and best practices. To that end, we write articles, sponsor research, survey best practices and host industry events. Visit this section of our site regularly for updates.

Managing Risk: Understanding Your Providers' Insurance Coverages

Managing Risk: Understanding Your Service Providers’ Insurance Coverages

There are few actions that a lender takes that has more potential for legal claims than a vehicle or collateral repossession. Ensuring that your service providers have the right types and amounts of insurance coverage is critical to managing the risk.  While your contracts may be clear that the service provider indemnifies your institution in…

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ALS Resolvion Named 2019 Platinum Provider of the Year by DRN

Irving, TX, May 08, 2019 – During the Annual North American Repo Summit (NARS) held in Irving, TX, ALS Resolvion was named the recipient of Digital Recognition Network’s (DRN) 2019 Platinum Provider of the Year Award. ALS Resolvion is a leading nationwide skip trace and repossession management firm serving both consumer and commercial lenders. The…
flash poll lpr results image

Utilization of LPR – Survey of Lender Practices

Sponsored by: LinkedIn Group “Lenders Repossession Best Practices Forum” Powered by: ALS Resolvion   We asked over 3000 auto lenders to participate in a survey that covered the utilization of license plate recognition (LPR) and how it’s used in repossession operations. In the past several years, LPR technology has become a popular repossession strategy among…
7 Insurance Requirements for Heavy Equipment Repossession

7 Insurance Requirements for Heavy Equipment Repossession

Proper insurance coverage is critical when it comes to repossessing heavy equipment collateral such as trailers, dozers, trucks, and related vehicles in construction, farming, and transportation. As one of the leading nationwide equipment repossession companies, the suggested coverage and amounts are more than sufficient to cover any situation. In the case that a heavy equipment…
5 credit union repo strategies

5 Credit Union Repossession 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…
vendor scorecard techniques

Vendor Scorecarding Techniques to Improve Collateral Recovery Results

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…
personal property handling poll

Personal Property Handling Fees – Survey of Lender Practices

Sponsored by: LinkedIn Group “Lenders Repossession Best Practices Forum” Powered by: ALS Resolvion   We recently asked over 3000 auto finance professionals to participate in a survey that covered the scope of personal property handling which is a popular topic in the repossession industry. As a leading national repossession management and skip trace company, we…