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.

Using data analytics

Using Data Analytics to Predict Auto Repossession Success

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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trade-offs between repossession fees and recovery results

4 Trade-Offs Between Repossession Fees and Recovery Results

Repossession services are available through multiple providers so why pay more than what the low-cost provider is willing to accept? The image illustrates four trade-offs between repossession fees and recovery results. When recovery fees are driven down to rock bottom levels, the service provider (whether a direct agent or a forwarder/skip company) is typically forced…
webinar invitation to vendor score carding

Webinar: Optimizing Repossession Results Through Effective Vendor Score Carding

Nothing impacts repossession results more than setting up effective competition between your vendors using well-constructed vendor scorecards.  The score card techniques used by major vendors have evolved significantly over the past few years, incorporating both recovery and compliance performance.  This webinar will review several different approaches used by leading lenders and will provide insights into…
Repossessions Personal Property and Redemption Practices

LRBPF: Personal Property and Redemption Practices by Auto Lenders

Did you know that over 40% of lenders don’t allow repo agents to  charge fees directly? We recently asked over several auto lending institutions to participate in a survey that covered the scope of allowable fees and institution practices. Each lender is a member of our LinkedIn Group “Lenders Repossession Best Practices Forum” (LRBPF). Over 50…
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…