Secure Collateral Management llc (SCM) Announces Financial Incentives For Its Contracted Recovery Agents To Become Vendor Transparency Solutions (VTS) Certified

secured_coll_mngtFOR IMMEDIATE RELEASE 

Dallas, Texas- January 14, 2014-Secure Collateral Management, the same company that shocked the recovery industry last year by announcing “SAME DAY PAY with NO FEE” for its nationwide network of recovery agents and then became the first forwarding company to pay Positive Resolution Fees, now announces a TWO HUNDRED DOLLAR ($200) INCENTIVE toward its contracted agent’s initial VTS Certification fee for contracted service providers that register with VTS prior to February 15th, 2014. ADDITIONALLY, once VTS Certified, SCM will add a FIVE DOLLAR ($5) VTS Certification bonus to its agent’s contracted recovery rate for EACH repossession performed for SCM. This bonus continues for the life of the agent’s VTS Certification.

“Everyone talks the talk about compliance these days but SCM takes it serious enough to incentivize it. This is because Secure Collateral Management is managed by retired bankers who approach compliance differently. SCM management understands that compliance isn’t a onetime thing, or a snap shot. Compliance is an ongoing process. Not only is Secure Collateral Management VTS Certified, but it is actively completing a SOC2 Type II Security and Confidentiality audit and certification. SCM will be the first company in the industry with this dual certification. With audited certified financial statements and third party network-website penetration and vulnerability testing, SCM walks the walk when it comes to CFPB compliance,” said Sarah Farley, Principal Secure Collateral Management.

“SCM feels like the VTS’s secure online portal allows unparalleled access to monitor our vendor network’s compliance. This enables SCM to assist our vendors in becoming and staying as compliant as SCM.” said Sandi Thompson, Secure Collateral Management, Operations Manager

For more information about Secure Collateral Management’s industry leading compliant skip tracing and collateral recovery visit our website at www.secure-cm.com or contact Sandi Thompson at (972) 226- 2440 ext 310

“Reaching the highest level of compliance and providing clients with a tool that provides daily monitoring of service providers is a top priority of SCM. We at VTS look forward to working with SCM and their network of asset recovery professionals and assisting them in understanding and implementing the highest standards of Compliance and Ethics.” Said, Max Pineiro, President of VTS

 

secured_coll_mngtAbout Secure Collateral Management

Secure Collateral Management is woman owned and one of the nation’s largest skip tracing and collateral recovery companies. With over 50 of the nation’s most experienced full time in house skip tracers(no skip work is forwarded) SCM provides unparalleled collateral location results in a controlled, compliant environment. SCM’s nationwide network of repossession agents (that choose ACH) are paid the same day they repossess the vehicle with absolutely no fees deducted from their contracted rate. Secure Collateral Management believes recovery agents are our business partners not just third party vendors. This philosophy allows Secure Collateral Management to provide one of the nation’s highest recovery rates while simultaneously being one of the most compliant skip tracing and collateral recovery companies as SCM has never even been named in a lawsuit. To become a recovery agent partner or learn more about Secure Collateral Management’s services visit our website at www.secure-cm.com or call Sandi Thompson at (972) 226-2440- ext. 310

About Vendor Transparency Solutions, LLC.

VTS is the industry leader in Supplier Vetting and Compliance Monitoring. VTS provides a platform that allows for contracted service providers to track and monitor their level of compliance while providing a tool for automotive lending institutions and forwarding companies to also track and monitor their entire network in real time, as is required by federal regulators. For further information on VTS, visit our website at www.vtscheck.com or contact Jeff Koistinen at 520-468-3990 ext 100 or Max Pineiro at 520-468-3992 ext 101.

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