RISC launches the CARS – Texas and Rhode Island state-specific Certification Courses for repossession agents.

NEWS RELEASE

TAMPA, FL 5/28/2020 – RISC, a compliance services company, is excited to launch two additional state -specific collateral recovery training courses as part of their growing CARS National Certification Program. Continually providing up-to-date training on state/federal regulations is a RISC goal.  This is achieved through our alliance with Hudson Cook LLP. Texas is a large market for collateral recovery and has very specific state guidelines. “It’s important that recovery agencies in Texas and Rhode Island have the detailed knowledge of what can affect their day-to-day operations and keep them safe,” said RISC President Holly Balogh.

Recently, a survey conducted by CUCollector.com shows that 60% of repossession agencies hold CARS Certifications in the industry. Taken by over 200 recovery agent respondents across the U.S., the survey demonstrates RISC’s foothold as the #1 provider of compliance training and services by a significant margin. Also, recovery agents noted that VTS (Vendor Transparency Solutions) Compliance Training, coming in at a distant second to CARS, was used by 19% in the industry. In early 2020, VTS compliance service training programs combined with the CARS program on MBSi’s VendorConnect platform, effectively giving RISC’s CARS program 79% of the industry market share.

The CARS certification is accepted by all domestic lending institutions and is completed by over 4,000 people annually. The courses are available on RISC’s Education Platform for purchase at  https://www.riscus.com/Education/EcomCars.  RISC Pro members are able to take any education program available for their small monthly membership fee including these new state specific courses.

About RISC

RISC is an organization dedicated to providing compliance oversight and training services to the collateral recovery industry and beyond. RISC advocates on behalf of all practitioners within the industry. For more information, visit www.RISCus.com or call (813) 712-7535.

RISC launches the CARS – Massachusetts Certification Course, the #1 Massachusetts-specific training for repossession agents.

TAMPA, FL 1/29/2020 – RISC, a compliance services company, is pleased to launch the Massachusetts-specific collateral recovery training course as part of their CARS National Certification Program. Continually providing up to date training on state-mandated regulations is the goal of RISC, the leader in compliance services and education. “It’s crucial to let the industry know about updated regulations and provide comprehensive training for collateral recovery in Massachusetts and beyond,” says RISC CEO, Stamatis Ferarolis. “We are committed to providing these updates and have hired the prestigious law firm, Hudson Cook, to help design the most current training programs in the nation,” says Ferarolis. RISC will continue to evolve with the industry and look towards always building courses that will provide value to both clients and recovery agents.

“The overview of Massachusetts regulations is very informative. It’s another great addition to RISC’s current CARS program to keep my recovery staff safe and knowledgable,” says Steve Digantgikis, owner of New England Adjustment Bureau. Digantgikis is the first to become certified in this MA-specific CARS Program and focuses on having one of the most skilled teams to support his lending clients.

CARS-Massachusetts course is an example of RISC’s commitment to educating the industry to keep both the consumer and the recovery agent safe. The CARS certification is accepted by all domestic lending institutions and is completed by over 4,000 people annually. The course is available on RISC’s Education Platform for purchase on the RISC website.

About RISC

RISC is an organization dedicated to providing compliance oversight and training services to the collateral recovery industry and beyond. RISC advocates on behalf of all practitioners within the industry. For more information, visit www.RISCus.com or call (813) 712-7535.

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