We wanted to develop a program for certification to help level the playing field for the legitimate agents who are consistently losing business to cheaper agents who do not carry the proper business requirements.
St. Louis, Missouri (PRWEB) March 02, 2012
Recovery Compliance Solutions announces that over 180 repossession agents are now taking advantage of its proprietary certification program. This program, the RCS Certified Program, is designed for recovery agents who want to show lenders that they follow best practices in the repossession industry. Repossession agent certification involves submitting information about their insurance policies, certificates, licenses and a detailed questionnaire to verify the authenticity of the documents in order to certify that an agent is properly qualified to work as a repossession agent.
“We developed this program to help bring transparency to the industry and highlight the asset recovery agents who follow best practices but are being undercut by competitors who are under insured, improperly licensed or have submitted fraudulent certificates to clients,” said Terry Tonsing, Director of Operations for Recovery Compliance Solutions. “By certifying the agents, we are helping lenders easily identify the recovery agents that carry the industry standard of insurance and licensing. We wanted to develop a program for certification to help level the playing field for the legitimate agents who are consistently losing business to cheaper agents who do not carry the proper business requirements.”
Not only are agents benefitting from the certification system, lenders are using this information to help select reputable partners.
“By only using asset recovery agents who are certified, we are reducing our risk when selecting agents,” said Mike Levison, CEO of Consumer Financial Services/Resolvion. “We use the system almost every day. Recovery Compliance Solutions helps us ensure that we are working with reputable agents. Working with people you trust is always a good business decision to make.”
Additionally, asset recovery management companies are turning to Recovery Compliance Solutions to verify the credibility of their people. The Digital Recognition Network mandates that any new affiliate be RCS certified. This company is the only asset location company that combines proprietary license plate recognition (LPR) technology with a national network of LPR camera‐equipped vehicles and integration with repossession software companies to create an asset location solution that is designed specifically for automotive lenders and recovery professionals.
For more information about the RCS Certified program, please visit http://www.recoverycompliance.com/asset-repossession-agents-certification.php
About Recovery Compliance Solutions
Recovery Compliance Solutions administers and monitors independent repossession vendors for compliance issues on behalf of automotive lenders throughout the United States. The management staff at Recovery Compliance Solutions has more than 20 years of past experience in the automotive lending and repossession industry. In addition to being directly employed by a national automotive lender, they have been certified thru both Recovery Specialist Insurance Group (RSIG) and Certified Asset Recovery Specialist (CARS). For more information about Recovery Compliance Solutions and CARL, the company’s Asset Recovery Vendor Accountability Solution, visit http://www.recoverycompliance.com or call 314-732-1376.