American Recovery Association Announces Partnership with Recovery Database Network

FOR IMMEDIATE RELEASE

IRVING, Texas, September 15, 2017 – The American Recovery Association (ARA), the world’s largest association of recovery and remarketing professionals, is excited to announce a new partnership with Recovery Database Network (RDN). RDN, a business unit of KAR Auction Services (NYSE: KAR), is a specialized provider of software and data solutions related to the recovery of assets for the automotive finance industry. The agreement will help lenders manage and monitor vendor compliance by integrating ARA’s Compliance Monitoring System and compliance metrics with the various software solutions offered by RDN.

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Holly Balogh Named President of RISC

Tampa, FL – June 27, 2017 – RISC is pleased to announce that Holly Balogh has been hired as the President and COO of RISC, the leading compliance and training company for the Recovery Industry.  Stamatis Ferarolis will remain as owner and CEO.   “RISC continues to be at the forefront of the recovery industry for compliance and training. With the growth we have seen from our recent partnership with MBSi, we needed to bring additional leadership with deep industry experience to ensure we are positioned well to support the growth that we are seeing,” said Stamatis Ferarolis. “We are thrilled to have Holly join RISC as President and bring her wealth of recovery and compliance experience to our customers.” Holly joins RISC with over 5 years of industry experience most recently working as the Chief Operating Officer at RDN, a business unit of KAR Auction Services, Inc. 

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CORP Issues Letter to RDN on Lender Solicitation

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PRESS RELEASE

The following was a letter sent to Recovery Database Network (RDN) by the Council of Repossession Professionals (CORP):

it has been a concern of ours that information entered by the repossession agencies could be used for marketing purposes by your affiliate corporation, PAR North America. Our industry enters proprietary information into RDN every day; the names and contact information of creditors, our fee amounts, and other data. It would not be difficult to assess the size and scope of various creditors, and have PAR North America target our clients based on this information.

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CarsArrive Network President and CEO Michael Briggs Expands Role to Include CEO of Recovery Database Network

Michael_Briggs_RDN_CAN_CEOBriggs new role creates stronger end-to-end remarketing solutions for customers

 For Immediate Release

Carmel, IN – March 21, 2016 – ADESA, a business unit of KAR Auction Services, Inc. (NYSE: KAR), today announced that its subsidiary Recovery Database Network (RDN) has named a new CEO. Michael Briggs, president and CEO of ADESA subsidiary CarsArrive Network (CAN), will expand his role within the company to also oversee RDN.

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Oregon Joins List of States Suing Illegal Title Loan Company Allegedly on RDN

legal_scalesSalem, OR – August 20, 2015 – The State of Oregon has joined Pennsylvania in suing an unlicensed title loan company going by the names Auto Loans LCC, Liquidation LLC, Loan Solutions LLC, Management Solutions LLC or Car Loan LLC and is also connected to a host of other individual names including William McKibbin III, Kevin Cronin, Mark Edward Wiener, and Kelly S. Bonner.

This company is allegedly a “Global Client” in the RDN network. Claims of bounced checks coming from Nevada mail box drops as well as earlier warnings from RSIG predate this suit.

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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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Harding Brooks Insurance Agency Joins Growing List of Sponsors at NARS 2015

NARS 2015 LOGO

Limited Sponsorship Options and Exhibitor Space Available for Seventh Annual North American Repossessors Summit

PRESS RELEASE

DALLAS, Texas – Feb. 2, 2015 – The North American Repossessors Summit (NARS), an industry event open to all recovery and remarketing professionals, hosted by American Recovery Association, Inc. (ARA) today announced Harding Brooks Insurance Agency will be a sponsor at the seventh annual summit to be held on March 12-14, 2015.

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Recovery Database Network Integrates InilexGPS Real-Time Vehicle Location Information

rdnRDN provides lenders and dealers with instant data for quicker repossession

For Immediate Release

Redwood City, Calif. and Phoenix — April 15, 2014 Recovery Database Network (RDN) and Inilex, a leading national provider of vehicle telematics solutions, today announced they have successfully integrated Inilex’s GPS-based vehicle location information into RDN’s vehicle repossession management software, giving used-car dealers instant access to vehicle location information.

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Recovery Database Network Partners with RISC to Identify Compliant Agent Network Recovery Service Providers

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RISC CAN members identified for RDN Lender-Clients

For Immediate Release

Redwood City, Calif. — Extending its efforts to help automotive lenders efficiently select agents for asset recovery, Recovery Database Network (RDN) today announced that members of the Recovery Industry Services Company (RISC) Compliant Agent Network (CAN) will be identified within RDN’s recovery management software during the agent selection process.

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Recovery Database Network Enhances Partnership with Leading Key Code Provider

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 Introducing locksmith services and expanding access to key code requests

 

For Immediate Release

Redwood City, Calif—Building on a successful partnership that streamlines the vehicle recovery process, Recovery Database Network (RDN) today introduced locksmith/key services from KeyCode Pro, a leading provider of key codes and other automotive lock solutions.

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