Date: February 6th, 2019
Time: 2 PM ET
When it comes to auto repossession, the all-in-one pricing model can be used as a potential compliance solution. Over the past 12-18 months, concerns expressed by the CFPB regarding ancillary fees have sparked an interest by lenders around the idea of establishing an all-in-one pricing model. The benefit of eliminating compliance concerns and simplifying the invoicing/payment process makes the transition to an AiO price a favorable option. It can, indeed, offer many benefits to lenders but requires deep analytics to gain a clear view of how to successfully establish one.
This webinar will review the opportunities and challenges that lie in understanding the utilization factors related to the various ancillary and repossession services and how they affect an all-in-one pricing model.
Pricing Challenges
Although the all-in-one pricing model offers many benefits, it also comes with several challenges that must be worked out before implementing the model. We’ll cover each of these challenges and how to overcome them.
All-In-One Pricing Variables
Utilization factors can vary tremendously from portfolio to portfolio. We’ll discuss the detailed analytics required to come up with a fee that makes sense for all repossession and ancillary variables.
Best Practices
We’ll share with you our suggestions for allowable agent fees and advice on developing an all-in-one pricing model that works for all parties (lenders, forwarders, and agents).
Presenter – Michael Levison
CEO, ALS Resolvion
Michael (Mike) Levison has been the CEO of ALS Resolvion since 2010. In the capacity he leads one of the largest skip tracing and repossession management companies in the industry. ALSR works with many of the nation’s leading auto finance firms and currently facilitates the repossession of over 10,000 cars every month. ALSR has been on the forefront of working with lenders to establish more “regulator friendly” pricing strategies for various repossession related services. In the course of these efforts, Mike has gained a deep understanding of the pros and cons of the All In One approach. His insights will be invaluable to any lender considering this approach.
Webinar Details
Topic: All-In-One Pricing For Repossession Services: Challenges & Strategies
Date: February 6th, 2019
Time: 2 PM ET
Due to capacity restrictions, registrations will be limited to individuals involved in collateral recovery issues at banks, finance companies, captives, credit unions and other firms originating or buying loans.
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