Repo and Recovery Baltimore
The rate of auto recovery in America is quite high and this points to the increasing number of defaults on car loans. Many financial institutions including banks and credit unions in Baltimore find themselves unable to continue servicing their customers hence the need to recover the vehicles acquired on loan. The two main issues these institutions encounter are charge offs and cure rates. As a car recovery company, we endeavor to increase cure rates and reduce charge offs so that financial institutions can enhance their bottom lines.
Our clients in Baltimore hire us to manage the whole asset recovery process to ensure compliance with the Consumer Financial Protection Bureau. Over the years, our operations have produced results for our clients and this has allowed them to maximize their return on investment.
Unlike other repo companies, our dedicated support system utilizes a centralized service model that provides you with only one point of contact for your asset recovery needs. Your account is managed by a support team that understands the recovery process.
What Makes Us Different
When we repossess the car, we give you a detailed and timely notification so that you can schedule all your other post-repossession activities. We also notify the police and immediately take photos of the asset as well as assess its condition. Lenders then determine what we should do next. At times, borrowers may catch up on payments thereby retrieving their repossessed vehicles from our redemption center in Baltimore. Others may totally give up on the payments and simply collect their other belongings leaving us with the vehicle.
We deliver your asset to the auction of your choice or transport it to the place you direct us to. This ensures convenience for you. We don’t take any chances with your property. We have facilities that are surrounded 24/7 with electric fencing and video cameras.
We have a redemption department that helps you to coordinate and resolve any issues following the return of a vehicle. This makes us a one stop shop for recovery services in Baltimore.
After your unit has been recovered safely and transported to the place of your choice, we simplify it further by raising a single invoice which details all the necessary fees that are associated with the service. In this way, you do not have to deal with numerous invoices but simply one that puts everything together.
Our company is committed to your success and we understand the challenges the financial services industry faces. Because of this, we actively manage our repo services and make real time adjustments so that your recovery goals can be met with ease.
Any repossession agent will tell you that to succeed in this industry, you need a dedicated team of impound coordinators who are conversant in state law and document management. Our team of staff is highly trained to competently manage the asset recovery process starting from fee negotiations to document processing and the rest of the processes.
High Tech Asset Tracing
From our experience in this industry, we have learnt that some of the borrowers who end up defaulting on loans for trucks and cars don’t even have forwarding addresses. This makes it challenging to locate the collateral unless you use premium tracing services like the ones we have invested in.
We use a combination of old-fashioned investigative techniques and asset tracing technology to track down vehicles used as collateral in financial institutions. This significantly lowers the chances that a borrower defaults on a loan and goes missing with the asset as well.
Due to the transient nature of Maryland, a good percentage of the city’s residents lived elsewhere the year before. Thanks to our certified asset recovery specialists, we can find delinquent debtors and missing collateral relatively easy. We simply visit the last known address of the debtor and then follow up related leads through advanced methods.
In addition to our repossession agents, the company dispatches specially equipped camera cars to traverse the roads of Delaware, Northern Virginia, eastern Maryland, and Washington D.C. These camera cars scan license plate numbers and accurately record their locations. Our cars are capable of reading over 30,000 plates a day and transmit the same information to our dual recognition system that ultimately feeds to a database. Whenever a tag matches one of our repossession orders, there is an alert that goes off.
We fully participate in the national Recovery Database Network and this means we can access similar data from our colleagues thus expanding our reach and enhancing our results.
Keys and Access
With decades of experience behind us as a repossession agent in Baltimore, we have mastered the selling of seized assets. If you are in Maryland, stop searching for car repossession companies near me and get in touch with us directly. We deliver exceptional quality recovery services complete with auto locksmith and rekeying services.
We have experts on site who can make and reprogram electronic transponders and proximity keys common in new cars. Our in-house auto title service can help smooth the path for transfers of ownerships.
Why Trust Our Recovery Services?
We have developed our industry leading expertise over many years in business. Our vision is clear and we have defined our space in the industry. Our staff is trained and certified by the American Recovery Association and we are committed to professional growth.
Financial institutions in Maryland looking for American recovery service turn to us over and over again because of our extraordinary results and exceptional service.
Being a full-service partner to credit unions and banks, we also handle asset liquidation. However, we do this for those clients who have been authorized to dispose of collateral so as to satisfy debt. In this line, we prepare the property for sale and market it to promising buyers. Every week, vehicles go on the block at local auto auctions and our remarketing division managers aim at getting top dollar.
Don’t look any further for professional and ethical repo car services in Maryland. We lead the industry and have contributed immensely to the establishment of some of the industry standards in American recovery services. Get in touch with us today.