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.

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…

Older Posts

Changes in the Asset Recovery Industry… “Alea Iacta Est”

Author: Ron L. Brown Source: CU Repossessions   In the last 10 years lending institutions and asset recovery agencies have seen numerous escalating changes related to the services, products and resources required to compete at the marketplace. The services the agency once used to allow a profit margin, towing, keys and storage fees have been taken/given…
all in one webinar

Webinar: All In One Pricing For Repossession Services: Challenges & Strategies

When it comes to auto repossession, the all-in-one pricing model can be used as a potential compliance solution.  Over the past 12-18 months, concerns expressed by the CFPB regarding ancillary fees have sparked an interest by lenders around the idea of establishing an all-in-one pricing model. The benefit of eliminating compliance concerns and simplifying the…
ALSR Year in Review 2018

2018 Year in Review – The Road From Good to Great

For ALS Resolvion, 2018 was the road from good to great. This slogan became our internal message to further drive results for our agents and clients. As we wrap up the year, we reflect on all the milestones that helped us accomplish “Great”. New integrations into RDN and Clearplan allowing us to simplify communication and…
coming unhooked by auto finance news

Coming Unhooked: The Growing Disconnect Between Lenders and Repo Agents

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…
pros and cons of personal property and redemption fee models

PROS AND CONS: Personal Property and Redemption Fee Models Used in Auto Repossession Management

One of the hottest compliance topics in the industry over the past year is the handling of personal property and redemption fees. CFPB’s concerns over treatment of customers has resulted in significant changes by most lenders. Auto lenders have changed their approach to handling personal property and redemption fees to one of the emerging five…
personal property infographic

Auto Repossession: Personal Property & Redemption Infographic

We surveyed over 100 auto lenders in regards to their personal property and redemption techniques. Take a look at the data we’ve gathered. 40% of lenders follow a fee model of which it’s set by the agent and collected by the agent 20% of lenders don’t allow personal property and redemption fees 15% of lenders…