In this episode of the AFSA Extra Episode Podcast, Dan discusses delays and their costs with Adam Fader, Senior Manager, Business Development at MVTRAC and Sam Van Scoyoc, VP of Business Development for Secure Collateral Management (SCM), the combination of which forms AFSA Business Partner DRN MVTRAC SCM.
Lenders lose millions annually from delayed recoveries, impound fees, and depreciation. Many still rely on snail mail notifications, which slow everything down. In our discussion, we talk about the true cost of delays, to the tune of several thousand dollars per vehicle in many cases, managing the auto repo world, and how lenders can effectively plan for and manage both.
Toward the end of our conversation, Sam Van Scoyoc mentions a new data stream that will enhance the company’s offering. Since recording, DRN MVTRAC SCM announced an integration with Loanbridge data. You can read more about that at the DRN Blog.
Listen at afsaonline.org/podcast or wherever you get podcasts.
Speakers
- Adam Fader, Senior Manager, Business Development at MVTRAC
- Sam Van Scoyoc, VP of Business Development for Secure Collateral Management (SCM)
Host
- Dan Bucherer, Senior Director, Member Services & Engagement, AFSA
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