Repossession Job Search During COVID19

Published from RepoHiring.com

By Holly Balogh / President @ RISC

Searching for a job in the repossession industry can be an arduous task at any time, let alone the during the COVID19 pandemic.  Many repossession companies have been forced to temporarily shutter their doors, shut down storage lots, or, worse, are now permanently out-of-business due to the coronavirus.  Times are tough for these small businesses and the personnel who work there.

But hope is on the horizon.  At compliance services company, RISC, we have started to see an uptick in compliance needs and onsite inspections have started rolling again.  Our lending clients have confirmed that they are beginning to send out assignments, and those who have not started, have established dates for full reopening.  It appears that this is the calm before the storm of a massive influx of work for us all. It’s time to get proactive.

For those of you out there searching for work in the repossession world… read the rest of the story here.

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 extends its waiver of RISC Pro membership/education subscription fees through July 1, 2020.

RISC extends its waiver of RISC Pro membership/education subscription fees through July 1, 2020.

After nearly two months of COVID-19 related ordinances and regulations, the repossession industry has not opened up in all areas.  This continues to financially pressure recovery agency owners and their staff.  RISC is here to help support agents during this crisis by waiving membership and education fees for current and any new RISC Pro members.  RISC is the only compliance company that has waived membership and education fees for its members.

RISC’s waiver of fees allows members to update their CARS certifications and train any new employees to prepare for assignments to come. The RISC Pro platform is also an excellent tool for agencies to organize their compliance documentation and market their compliance status to clients. Our belief is that we’re all in this together and RISC will continue to assist agents in these challenging times.

What is RISC Pro?

RISC Pro is a membership for Agents that provides the ability to:

  • Manage and store compliance documentation on the MBSi VendorConnect platform.
  • Showcase your compliance profile and company listing in front of 40+ Lenders and Forwarders that are on the RISC Pro/MBSi VendorConnect platform.
  • Quickly share a compliance profile directly with Lenders
  • Have unlimited employee access to the CARS National Certification, Continuing Education, and Drivers Safety Certification for a small monthly “pay as you go” subscription rather than the full upfront certification cost.
  • And more…

Membership billing is currently on hold and will not begin until we are confident agents are back to work.  We currently forecast this will not go beyond July. There is NO cancellation fee should you choose not to keep RISC Pro membership.  However, if you cancel, any CARS certification completed between now and then will require you to pay in full to retain a valid CARS certificate. Maintaining your certification allows you to pay as you go for each employee. More details can be found in the RISC Pro Service Agreement at Registration.

Learn More and Register for RISC Pro

Also, on behalf of Alex Price and RISC, all proceeds from sales of RISC’s Skip Tracer Certification will be donated to RABF through the end of June. Register today here.

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.

Mark Lacek speaks at the American Towman Expo on the Untapped Potential of Commercial Repossessions.

FOR IMMEDIATE RELEASE

TAMPA, FL 12/19/2019 – The American Towman Exposition was hosted in Atlantic City, NJ earlier this month where Mark Lacek took the opportunity to speak on the profitable options in the commercial repossessions field. Lacek, the author of RISC’s Certified Commercial Recovery Agent national certification program (CCRA), spoke to a full room on the highlights of his 40-year commercial repossession career experience. As the owner of Commercial Asset Solutions, he has repossessed commercial trucks and equipment for the nation’s commercial lenders day in and day out. He sees everything in the field and will never be seen behind a desk. During the presentation, attendees were educated on the veteran recovery agent’s approach to commercial account repossession, including how to fine-tune their skills, make more money and reduce their overhead costs.

During his 90-minute session, Lacek advised on many of the most important stages and categories of the commercial repossession business. Some of the various topics included how to identify and locate a client in need of commercial repossession services; what kinds of collateral are associated with this type of portfolio; what are the various steps involved when receiving an assignment of this nature and what job-specific tools and resources are needed; insight on some of the lenders and forwarders who operate in this landscape; and appropriate charges for services rendered, as well as additional revenue streams within this industry.

According to Brent Woods, owner of Recovery Associates out of Houston, TX, ”I’ve always wanted to hear Mark’s presentation as I’m always looking into new revenue streams for my company. I traveled over 1,600 miles to attend the American Towman Expo and I was certainly not disappointed with his session. I felt that I was not the only one to find value in his presentation, as several other attendees in the class were given answers to their questions on the topic.”

“This was the second event I’ve presented at this year and even though my presentation was scheduled for 90 minutes, I wound up fielding questions from the packed meeting room well beyond that allotted time. It’s great to see more people in the industry beginning to recognize the profit potential that is available in commercial repossessions. As important as it is to secure new avenues for revenue, it’s equally important to make sure these types of accounts are handled the proper way. I honestly feel the most valuable information on commercial repossessions is within the CCRA Certification Course”, said Lacek. He went on to add, “Several attendees mentioned they were already CCRA certified, while others advised they were looking forward to signing up for the course once they returned home. I’m excited to see associates in the industry realizing the value of commercial repossession while also recognizing the importance of being compliant.”

Mark Lacek is the founder of Professional Repossessor Magazine, owner of Commercial Asset Solutions (CAS), and former president of Florida Association of Licensed Repossessors. Lacek is considered one of the nation’s leading expert witnesses on professional standards and the repossession industry. The full CCRA program is an online certification offered through RISC (Recovery Industry Services Company) and available at www.riscus.com.

About RISC

RISC is an organization dedicated to providing services specific to the collateral recovery industry and advocate on behalf of all professional practitioners with the industry. RISC is dedicated to the professional training and certification of collateral recovery specialists. For more information visit www.RISCus.com or contact us at [email protected], (866) 996-7472 or (813) 712-7535

RISC on LinkedIn and Facebook

 

Mark Lacek lays out the case that Commercial Repossession is an untapped niche.

Mark Lacek lays out the case that Commercial Repossession is an untapped niche.

FOR IMMEDIATE RELEASE

TAMPA, FL 11/4/2019 – During this year’s Allied Finance Adjusters Midyear Meeting, Mark Lacek, author of RISC’s Certified Commercial Recovery Agent national certification program (CCRA), was invited to summarize the highlights of his 40-year commercial repossession career experience.  During the seminar, attendees were educated on the veteran recovery agent’s approach to commercial account repossession, including how to fine-tune their skills, make more money and reduce their overhead costs.

  

During the 90-minute session, Lacek advised on many of the most important stages and categories of the commercial repossession business. Some of the various topics included how to identify and locate a client in need of commercial repossession services; what kinds of collateral are associated with this type of portfolio; what are the various steps involved when receiving an assignment of this nature and what job-specific tools and resources are needed; insight on some of the lenders and forwarders who operate in this landscape; and appropriate charges for services rendered, as well as additional revenue streams within this industry.

According to the former president of Allied Finance Adjusters, George Badeen, “Mark’s session was really well received with the crowd of over 50 agents. He gave them some great ammo to go back to their businesses with and find ways to tap into this lucrative niche”.

“I tried to pack in as much information during the session as I could. I honestly feel the most valuable information on commercial repossessions are within the CCRA Certification Course”, said Lacek. He went on to add, “I received several responses from attendees at the Allied Midyear Meeting, advising one of the first things on their agendas – once home – was to go onto the RISC website and sign up for the CCRA program.”

Mark will be conducting another seminar at the American Towman Expo this December in Atlantic City, NJ.

Mark Lacek is the founder of Professional Repossessor Magazine, owner of Commercial Asset Solutions (CAS), and former president of Florida Association of Licensed Repossessors. Lacek is considered one of the nation’s leading expert witnesses on professional standards and the repossession industry. The full CCRA program is an online certification offered through RISC (Recovery Industry Services Company) and available at www.riscus.com.

About RISC

RISC is an organization dedicated to providing services specific to the collateral recovery industry and advocate on behalf of all professional practitioners with the industry. RISC is dedicated to the professional training and certification of collateral recovery specialists. For more information visit www.RISCus.com or contact us at [email protected], (866) 996-7472 or (813) 712-7535

RISC on LinkedIn and Facebook

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