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Latest News
All the latest news relating to the Repossession/Recovery Industry, national and international.
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Technology
One of the fastest growing forces that is driving the Repossession/Recovery Industry forward is Technology and this section is dedicated to news-related articles.
Browse TechnologyRecovery Management Incorporated Partners with OPENLANE and Alliance Inspection Management
New Relationship Saves Auto Lenders Time and Money to remarket their recovered vehicles
Southampton, NJ – September 23, 2009, Recovery Management Incorporated (RMI), a bridge between lending institutions and independent recovery professionals, today announced the RMI Liquidation Solution – the result of a partnership with OPENLANE and Alliance Inspection Management (AiM). RMI Liquidation Solution reduces costs typically associated with the recovery and remarketing of repossessed automobiles by dramatically improving time to remarket and eliminating transportation costs. Read the rest of this »
Red Flag Rule Program
Are you in compliance? The Government’s FTC (Federal Trade Commission) is requiring financial institutions to be – so you need to be too!
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From the Editor
Are you ‘all teched up’ and ready for the future and what it brings for the repossession/recovery industry? If you want to compete today and in the future, you need the technology in place that will enable you to not only run your company profitably, but also stave away your competitors!
Our industry is changing fast. Not so long ago, it was the fax machine that we bowed down to so that we could receive our client’s work and now we can do that via e-mail, client’s own websites, our websites, our repossession software, our cell phones – and I am sure it will not stop there. In addition to all the aforementioned, we have GPS, we have license plate recognition technology now we can add remarketing technology (see the Technology section for more details). I wonder what will be next? …more…
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Columns and Features
Do You Really Understand Your Clients?
By Susan Marston
To do profitable, professional and quality business with your clients, we first need to understand them.
Do you really understand them? Do you understand why they ask you to do what you do for them? Do you want to go the extra mile for them? If you don’t, your competitor will!
You have to understand your client, if you are to provide the services they need. …more…
Repossession Insurance – Understand What You Are Getting
By Susan Marston
Trying to actually read an insurance (contract) policy of any kind is about as dry as Texas dust in August and about as easy to understand as advanced calculus. There is a “package” of coverage’s necessary to properly protect collateral recovery business owners, their clients and the public. Following is an explanation of that “package” of coverage’s so that you might better understand how the different coverage’s, in layman’s terms protect your collateral recovery business and your client.
It is through the embracing and utilization of cutting edge... Continue »
Hi, I thought my collection of 200+ teamwork quotes was complete, but your second one isn't on my website... I'll have to add it! I... Continue »
[...] MANAGE – Do you do this? ... Continue »
some companies charge a fee to obtain the keys. it's leinholder's like ford that pressure their vendors to obtain keys or they have to make a working key for the car at no addtional charge. button pushing... Continue »
Looking for repossesed Touring Harley... Continue »