Certified Agents Specialist Association Created to Unify Repossession Companies, Lenders and Repossession Vendors Nationwide

Press Release

We are pleased to announce the formation of CASA (Certified Agents Specialist Association). CASA has been created by industry leaders to provide educational and networking opportunities for Repossession Companies, Lenders and Repossession Vendors nationwide to enhance their business practices.

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Seasonal Data

Guest Editorial

You’re scratching your head and wondering what the term “Seasonal Data” refers to.  I define it as the type of data that is valid only during certain times of the year due to the infrequency of updates, or because the data is derived from the type of event that happens just once a year.  Because the data is developed as the result of a recent event, it can yield great results, but you need to know when to use the data (when it’s fresh) in order to avoid wasting time and resources.

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VENDOR TRANSPARENCY SOLUTIONS LAUNCHES COMPLIANCE MANAGEMENT PLATFORM FOR AUTO LENDERS

 

Press Release

Elizabeth, NJ – Vendor Transparency Solutions, LLC, an Arizona based vendor screening company, launched the first online compliance management system for the automotive lending industry today.

“Through compliance monitoring, VTS is positioned to create new standards in the highly unregulated repossession industry,” Said VTS President, Maximo Pineiro. “Our main focus is to assist lenders in reaching and maintaining the highest level of compliance while minimizing their risk and exposure.”

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The Winds of Change are Blowing and the Repo Insurance Market is Hardening

Guest Editorial

With an election year upon us and so much uncertainty surrounding our political and economic environments, we are starting to see change coming.

We are starting to see some more movement in subprime lending, which will slowly improve things for our industry. But make no mistake about it, repossession numbers will likely never be back where they were in the 2007-2010 periods. Regulations in lending, fear of the involvement of the CFPB and a general change in how lenders look at and deal with default have forever changed the lending environment, ultimately changing yours.

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Recovery Database Network Announces Integration of Services with MasterFiles

For Immediate Release 

Enhanced search capabilities help reduce user cost and improve recovery rates

Redwood City, CA In its continued effort to provide customers with the most efficient and cost effective recovery management software solution, Recovery Database Network (RDN) today announced that it has integrated its application with MasterFiles, a leading data service provider of public records information for the purposes of debt collection, asset recovery and creditworthiness.

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A Response to “MI Repo Forwarder and Credit Union Sued over FDCPA Violations”

Rebuttal

Grand Rapids, MI – October 22, 2012 – Collections and Repossessions are a tricky deal. Those of us in this business know this. Many times, the people we are dealing with are not of the highest integrity or ethical standards, and it is unfortunate when such people vilify those of us who hold these standards high. Although in our country we all say “innocent until proven guilty,” unfortunately, a rush to judgment is in our nature, and in fact this article has already caused us to lose business before affidavits are even answered.

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