Every auto lender knows the pain points of vehicle recovery. The rising delinquency rates, the hunt for elusive collateral, and the ultimate sting of a charge-off. But there’s a quieter, more insidious drain on your portfolio that costs the industry millions each year: impound delays, mounting storage fees, and unnecessary vehicle depreciation.
The current recovery landscape is complex, yet many lenders are still fighting it with outdated, manual processes. The result? Hidden costs pile up when a quick, decisive recovery action is delayed.
That’s why you need to hear this conversation.
Don’t Miss the AFSA Podcast with MVTRAC and SCM
MVTRAC’s Adam Fader and Secure Collateral Management’s (SCM) Sam Van Scoyoc recently joined the AFSA podcast to unpack the real challenges auto lenders face in today’s environment.
The conversation highlights how the right technology and partnership can transform these costly challenges into operational efficiencies.
Adam and Sam showcase the power of the Monitor, Verify, Recover (MVR) solution and how its smarter tools are helping lenders act faster, recover more, and protect their bottom line:
- Digital Notifications & Data Validation: Get immediate, accurate digital impound notifications and ensure vehicle data is validated instantly, replacing slow mail and manual checks.
- Comprehensive Insight: Utilize comprehensive inspections and appraisals to quickly assess vehicle condition and make immediate, data-backed pre-repossession decisions.
- Automation: Leverage automation to cut through administrative overload, allowing your team to focus on high-touch strategy instead of chasing paperwork.
Whether you’re a captive, a credit union, or a large bank, this discussion offers valuable, actionable insights into reducing recovery costs, reallocating internal resources, and future-proofing your operations against current and future economic headwinds.
Listen now to the AFSA podcast featuring MVTRAC and SCM to learn how to recover more and spend less.