Think about the numerous vendors involved with the auto repossession and remarketing process. Forwarders, transportation companies, storage facilities, auction houses, and more. All of their services come at increasingly high costs. These are all quantifiable, but there are also qualitative concerns and risks to consider as well. Effective regulatory compliance and due diligence on asset recovery vendors call for controls to ensure that all necessary insurance, licenses, and bonds are held and up-to-date. On top of all this, the repossession recovery channel commonly results in a deficiency balance and tarnished relationship with the borrower.
Enter Amerecover. We're here to cut out the time, money, and resources required with the repossession recovery channel. We require a servicer-specific third party information release to be signed by the borrower during the application process. This means we can get straight to discussing a third party title release and cash payment in short from day one.
The Amerecover team looks forward to working with you and becoming a valuable counterparty for years to come. Please reach out to n.dufresne@amerecover.com for more information.
