Del Mar Recovery Solutions and Vendor Transparency Solutions (VTS) Partner to Enhance Development, Training and Compliance Initiatives

VTS_SMLLdel_mar_rcvryDel Mar Recovery Solutions continues to engage platforms to lower risk and increase ability to exceed regulation requirements for their financial lender client base


Carlsbad, CA – September 29, 2015 – Del Mar Recovery Solutions, an industry leader in national repossession management for auto lenders, announces it has partnered with Vendor Transparency Solutions (VTS) as yet another step in enhancing its compliance management systems. This move will increase Del Mar’s already highly sophisticated level of compliance and quality of services it provides to the lending and financial services community.

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Capitol Electronics to Provide a New Alternative in LPR for the Repo Market

capitol_electronics_logoPRESS RELEASE

September 3, 2015 – Capitol Electronics has announced a new product offering for the asset recovery market.  The new offer will provide state of the art Vigilant Solutions cameras in a four camera configuration.  The license plate scans will be hosted on a Capitol Electronics server in a secure environment, providing maximum availability and access.

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Let’s Build a Bridge

GG_BRDG1Guest Editorial

As a skip-tracer I have worked for banks, recovery agents, bail agents and everything in between. The single common thread is that they all have in common is they need to find that elusive human being. Commonly during my career I would find that both the bondsman and the recovery agent were looking for the same person, and once they joined forces, networked together and shared information, they were successful dare I say even unstoppable!

Can you imagine the level of information and technology that could be shared between the great men and women of each of these industries if my hypothetical bridge were to become a reality?

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Luke Smith, President of MVTRAC Wins Leukemia & Lymphoma Society 2015 Man of the Year

lk_smith1Chicago, IL – June 25, 2015 – Luke K. Smith, President of MVTRAC, LLC, has been named the Leukemia & Lymphoma Society (LLS) 2015 Man of the Year. Collectively, Luke along with the other candidates from the Illinois chapter raised over $600,000 to help cure leukemia, lymphoma, Hodgkin’s disease and myeloma, and improve the quality of life of patients and their families.

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PlateSmart Technologies Selects PRA Location Services as Exclusive Reseller of “Software Only” LPR Solution

platesmart_praAuto recovery leader and disruptive LPR technology to transform industry


OLDSMAR, Fla. – April 29, 2015 —PlateSmart Technologies, the industry leader in License Plate Recognition (LPR), today announced an exclusive licensing agreement with PRA Location Services, a business of PRA Group (Nasdaq: PRAA), to provide LPR technology for PLS’ repossession and recovery services nationwide.

PlateSmart partnered with PRA Location Services (PRALS) as the exclusive licensee to the repossession and recovery vertical because of PRALS’ leading position in the auto recovery market, its financial stability as part of a public company, and its substantial nationwide system deployment commitment.

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MVTRAC President Nominated for Leukemia Society Man of the Year


Luke K. Smith, President of MVTRAC, LLC, has been nominated by the Illinois chapter of the Leukemia & Lymphoma Society (LLS) as a candidate for their prestigious Man & Woman of the Year fundraising competition. This 10-week event that occurs in over 80 cities across the United States is designed for one purpose: To cure leukemia, lymphoma, Hodgkin’s disease and myeloma, and improve the quality of life of patients and their families.


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NARS 2015

rorke_damnfewCalm is Contagious


Rorke Denver, Author and Former Navy Seal Lieutenant Commander was the main speaker at the North American Repossessors Summit, or #NARS2015 this past week in Dallas.

Like many, I was surprised as to why a Navy Seal would be speaking at a Repo conference, but as he spoke about walking through the hotel at #NARS15 and meeting the attendees, and specifically the Repossessors and Repossession entrepreneurs and the Vendors, it quickly became apparent as to why he was invited.

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Financial Services Industry Vet to Manage Recovery Services Division


PASADENA, Calif. – January 22, 2015 — Remarketing of America (ROA), the premier risk management and loss mitigation provider of recovery and remarketing services for the financial services community, today announced that Shawn D. Smith has joined the company as its new Recovery Services department lead effective immediately.

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PALATINE, IL — MVTRAC has announced the promotion of Executive Vice President of Business Development, Luke K. Smith, to partner and President of MVCONNECT, LLC and its divisions and concurrently promoted and made partner existing Executive Vice President of Investigations, Garry W. Jackson, Stacey M. Bailey, Executive Vice President of Compliance and Training and Eric H. Daehn, Operations Group Manager.

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CUCollector LPR Survey Results 2014!

check_bxIn our two prior CUCollector Surveys, LPR was one of only several topics we covered, but as the result of some discussion coupled with demand, we felt that we were well overdue in approaching this topic in a more focused manner and drilling down on it a little deeper than in years past. The accompanying data is inclusive of previous years and while disparities in poll volume vary from the years, the percentages are the best methodology for illustrating the data results.

While responses to polls tend to lean toward the negativity you would expect in a “Yelp” review, I would like to think that this years responses are perhaps more fairly balanced despite some clear underlying pessimism within.

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