Repo on the Rise: 3 things for motor vehicle lenders to consider today | May 30, 2019
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
Rick Vanko, Motor Vehicle Specialist | Wolters Kluwer
Rick Vanko has more than 25 years of experience supporting the Lien Solutions portfolio of automated lien and risk management products and the key financial services and mortgage clients that use them.
Marina Hardy, Senior Product Marketing Manager | Wolters Kluwer
Marina Hardy is an accomplished software industry professional who focuses on delivering innovative software solutions to lenders to address their everyday needs. Marina holds an MBA from Rice University. She joined Lien Solutions in 2018.