All signs point to a recovered auto loan market!
If you’re anything like me, now that we’re a solid quarter into 2021, the haze and fog of 2020 is finally starting to dissipate. More businesses and organizations have begun to open, and [...]
Posts Tagged ‘Karen Townsend’
4 signs you have a valuable repossession partner
Repossession is an unpleasant business that is generally the result of a string of bad events or circumstances, often out of your borrower's control. It's a last resort effort for most financial institutions and, even [...]
How technology is driving advancements in repossession
Regardless of whether the U.S. economy is booming or busting, repossessions are a business reality for lenders. According to The Washington Post, over 4% of auto loans were at least 90 days delinquent at [...]
How does your skip coverage measure up?
Managing risk is both an art form and a science. Understandably, many auto lenders fear making the wrong collateral protection insurance choice. Although charge-offs at U.S. banks decreased 0.28 percent from fourth quarter [...]
The true cost of repossession
Being an auto lender comes with several perks—you get to experience the joy of putting your valued members behind the wheel of a vehicle that they may need to get back and forth to [...]