Dallas, TX – Mach 22, 2012 – I had just checked in at the Omni Mandalay in Las Colinas for the North American Repossessors Summit (NARS) when I received an email. The Huffington Post had just published an article about the state of the repossession industry titled “Repos Gone Bad: Are Big Lenders To Blame for Driveway Violence?” Having been one of many interviewed by Dave Jamieson, I confess some apprehension in what was to be published. Upon reading it several times, I felt that for the most, he got it right.
Knoxville, TN, March 22, 2012 — ProconGPS Inc., a leading service provider of mobile resource management (MRM) solutions for businesses worldwide, announced its new corporate name, SpireonTM Inc. The new corporate name and identity will be officially launched at a special ribbon-cutting event held at the company’s new Technology Center in Irvine, California on March 24, 2012.
These might be the most important events you attend in 2012!
Allied Finance Adjusters is pleased to announce it will be presenting two programs for lending institutions in 2012, in association with Eric M. North of NorthLegal Training and Publications. Mr. North is an attorney and nationally-recognized speaker with more than 30 years experience handling repossession-related issues for consumer lending institutions.
Renovo Services, LLC the vehicle transition industry’s most fully-integrated single source solution to the financial services industry today announced the release of Agency Scorecards for its repossession partners.
“The scorecard leverages our clients’ core requirements and is designed to help our recovery partners identify key opportunities for improving the scores produced by the Get Best Agent algorithm,” said Wes Goebel, COO of Renovo Services.
Renovo Services, LLC the vehicle transition industry’s most fully-integrated single source solution to the financial services industry announces the successful implementation of its Business Continuity Plan.
“The recent storms in the southeastern United States provided a very real reminder of the importance of system and process redundancy in a large volume business such as repossession management,” said Wes Goebel, COO of Renovo.
To the outside world, collections looks pretty simple, call people and guilt and threaten them into paying money they owe. The reality is, collections is perhaps the most complicated and litigious area of any lending institution. Think of all of the interconnecting regulations pertaining to bankruptcy, credit reporting, the FDCPA, the UCC, California’s Reese Levering Act and the archaic FTC rules on telemarketing and they’ll see just how simple it really is.
Amazingly, most of us dance through this legal minefield daily with no trouble at all. Regardless, it is always wise to put on our “thinking caps” from time to time and keep the thought processes of both ourselves and our staff sharp.