Services help lenders reduce charge-offs on auto loan and lease portfolios.
Minneapolis, MN and Raleigh, NC, September 9, 2014 (Newswire.com) - van Wagenen Financial Services and Consolidated Asset Recovery Systems announce a strategic marketing agreement creating a one-stop-shop to reduce risk and charge-offs on auto loan and lease portfolios.
The combined offering delivers unparalleled insurance tracking and placement services with the convenience of industry leading recovery and remarketing services. “Bringing these together in a streamlined offering means auto loan and lease portfolio risk can easily be managed from cradle to grave from a single source,” says Jeff Anderson, van Wagenen Vice President of Business Development.
Jeff Swisher, Vice President of Sales for Consolidated Asset Recovery Systems, builds on that sentiment stating; “Both companies exist to help lenders reduce losses on non-performing assets and reduce administrative burden, so the combined offering just makes sense.”
Under the partner agreement, the companies will cross-sell each other’s products enabling clients to source both offerings from a single supplier. This streamlines procurement and ongoing program management for lenders and dealers, substantially simplifying vendor management.
About Consolidated Asset Recovery Systems
Consolidated Asset Recovery Systems delivers the highest rate of recovery and maximum remarketing value with the fastest possible turn-time on repossessed assets. Operated by a team of experts in supply chain management and software development, Consolidated is an industry leader in repossession and remarketing services offering both full service and self service technology platforms.
About van Wagenen
For more than 78 years van Wagenen has been a trusted guide to lending institutions managing risk and increasing profitability in a complex, ever changing regulatory environment. Industry leading customer service, collateral insurance tracking, RecoveryPro claims processing and lender placed insurance programs help lenders of all sizes mitigate risk, ensure compliance, and minimize charge-offs.