Examining effective specialty recovery processes in auto finance

Specialty recovery processes are often overlooked in the auto finance industry

© Can Stock Photo / arosoft

Lenders are coming face to face with the ever-growing need for a strategy for effective specialty recoveries, and no two auto lenders are alike. Auto portfolios have unique complexities and process dependencies that cannot be solved with simple adjustments. These processes require alignment throughout multiple departments to maximize recoveries, and ultimately provide the best survivor experience.

What macro industry trends and implications have created a need for specialty recoveries, and what obstacles and opportunities does this present to auto financiers? On this special episode of The Roadmap, Chris Stanley, director of business development at DCM Services, discusses best practices for specialty recoveries, and resources lenders can utilize going forward.

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Interested in learning more? Join some of the nation’s top auto lenders Tuesday, April 20, as DCM Services discusses real experiences in creating effective estate recoveries processes. The session will explore obstacles, opportunities and everything in-between in the specialty recovery process. Attendees will have the opportunity to ask questions of the panelists. Register for free.

Auto Finance Risk Summit, the premier event for risk and compliance in auto finance, returns May 11-12, 2021 as a virtual experience. The virtual experience will offer the quality networking and education of past events, all through an online platform. To learn more about the 2021 event and register, visit www.AutoFinanceRiskSummit.com.

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