Repo on the Rise: 3 things for motor vehicle lenders to consider today
Join us on May 30 at 2:00 p.m. ET for Repo on the Rise: 3 things for motor vehicle lenders to consider today, presented by Wolters Kluwer
Every motor vehicle lender eventually hits a few bumps and potholes in the road when a debtor defaults on their car or truck loan. Not only is this an unfortunate and troublesome event for the debtor, but it causes a few inconvenient sputters in a lender’s workflow process. For example, one of the biggest road hazards for a lender isn’t physically repossessing the vehicle in default; it’s proving they own the title to it so that the vehicle can be resold to pay off debts.
The current economic climate is seeing repossessions increase exponentially. This webinar will show that there’s a lot more to vehicle repossessions than sending out a tow truck and attendees can expect to learn:
· What the current trends are telling us about the auto lending market for the remainder of 2019 and beyond
· The pitfalls that trip up lenders when trying to recoup their investment via repossession
· Ways to mitigate the risk that comes from trying to secure a repo title
· And more
May 13th, 2019 by Dan Bucherer
