Repo Con, part of the 1st Block of Used Car Week and scheduled for Nov. 11-13, is designed to bring the recovery and repossession businesses together for three days of collaboration to to help make the industries more compliant, safe and successful.
Repo Con, presented by Millennium Capital Recovery Corp., will host a variety of industry newcomers and veterans, all on hand to discuss how methods like collections and skip-tracing can be combined with new technology to mitigate risk.
One of those veterans for the 2019 Repo Con is Jeffrey Marsh, Chief Managing Officer and Executive VP at Millennium Capital and Recovery.
The recovery industry expert will explore how to optimize both performance and compliance in 2020 during a keynote session at this year’s Repo Con at the Red Rock Casino, Resort & Spa in Last Vegas come November. Marsh will explore what he asserts is the key to success for large, national, high-volume lenders today: “having vendor-partners who can provide a comprehensive solution: delivering top performance and highest compliance standards at the same time.”
This means working with national providers who maximize loss recovery, while also meeting rigorous compliance expectations without fail.
Further, once ruled solely by recovery rates and days-to-repo, Marsh will highlight how today’s lender scorecards have become much more balanced, measuring performance and compliance. And more complex scoring researches a multitude of criteria, especially those with direct consumer impact.
Attendees of this Repo Con keynote session will learn how to put together a comprehensive solution, and will get a glimpse of best practices and industry trends among high volume, national lenders, including how to get complete visibility and control through your national providers of all fourth-party recovery agents in their networks.
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This year is one where events like Repo Con — planned to provide a space for collaboration, innovation and strategizing — are especially important to move the industry forward. Today, economists and other experts are trying to get a reading whether a recession is on the horizon, and with it the possibility of a slowdown that could include job losses and an increase in repossessions.
How are firms prepared for a potential rise in repossessions after overall levels have remained somewhat steady for several years? What progress has been made to handle more business in a compliant way? And many in the recovery management space are considering standardization of processes as part of the answer to the industry’s compliance requirements and challenges.
All these topics and more will be discussed by execs from the leading forwarding companies that work with both finance companies and repossession agencies during a Repo Con General Session Panel — also lead by Marsh — scheduled for Tuesday morning during Used Car Week. Confirmed panelists already include, Jose Mendiola, President, ALS Resolvion; Claudia Plascencia, Senior Vice President, Del Mar Recovery Solutions; and Drew Shull, VP, Sales, Client Relations, PAR North America.
Additional breakout sessions and workshops for Repo Con 2019 will be presented by companies in the recovery space, including Servicing Solutions, Tracers, Consolidated Asset Recovery Systems, masterQueue, PAR North America, Advanced Remarketing Services and many more. Stay tuned to usedcarweek.biz for more snapshots of the Repo Con and full Used Car Week 2019 agenda later this summer.