The American Repossessor

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2010 09

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.

OPENLANE and RDN – Innovation and Change – Helping the Repossession Industry to Move Forward

'Change is the law of life and those who look only to the past or present are certain to miss the future"  John F Kennedy (1917-1963) 35th President of the United States I am sure that many of you will be aware of the latest news regarding the acquisition of RDN (Recovery Database Network)  by OPENLANE, the online auction company,  and that you are wondering what impact that will have on... Continue »

OPENLANE Acquires Recovery Database Network, Inc. (RDN)

Acquisition Creates Groundbreaking Recovery Information Management System Enabling Efficient Remarketing of Repossessed Vehicles REDWOOD CITY, Calif., August 5, 2010 – OPENLANE, Inc., a leading online auction company in North America for automotive dealers to buy and sell wholesale vehicles, today announced that it has acquired Recovery Database Network, Inc. (RDN), a specialized... Continue »

Recovery Industry Veteran Uses Online Remarketing To Gain Greater Efficiency, Reduce Costs and Increase Revenue

When it comes to recovering vehicles, no one likes to have to wait too long for the cars to be resold.  For lenders, waiting means extra depreciation time; for recovery agents, it means longer time to sale and receipt of payment. Remarketing repossessions can be a tricky business and can vary in length from a couple of days to a couple of months. And if you’re like Bob Stankovitch from Peak... Continue »

MVTRAC Appoints Director for 2010-2011 Advisory Board Maria Olson of AZ Asset Recovery Chosen to Lead Industry Board Promoting Communication, Professionalism and Best Practices

MVTRAC, provider of the leading motor vehicle data network for public and private organizations, today announced it has appointed Recovery Industry veteran Maria Olson of AZ Asset Recovery, LLC as director of its 2010-2011 Advisory Board. In this role, Olson will facilitate communications, events, memberships and other board objectives. The MVTRAC Advisory Board was established in response to... Continue »

OPENLANE Spearheads Industry Shift Toward Online Remarketing of Repossessed Vehicles

Pioneering Internet Re-marketer Sets New Repossessed Vehicle Sales Record REDWOOD CITY, Calif.– OPENLANE, Inc., a leading online auction company in North America for automotive dealers to buy wholesale vehicles from dealers, institutional lenders and other entities, today announced the company is leading the industry in providing innovative online re-marketing programs for vehicle... Continue »

Recovery 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... Continue »

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