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Register for the May Webinar – Analytics & Repossession: The True Cost of a Repo

May 22, 2018 • ARA News and EventsComments Off on Register for the May Webinar – Analytics & Repossession: The True Cost of a Repo

American Recovery Association offers a free monthly webinar as part of its new continuing education series to help recovery and remarketing professionals stay plugged into the most current industry rules, regulations and compliance requirements.

This month, Jeremy Cross of International Recovery Systems Inc. will be giving the presentation he shared at NARS 2018 on using analytics to determine the true cost of a repo. He shares valuable knowledge and implementable tips to help you grow your business.
Register at the link below:

Analytics & Repossession: The True Cost of a Repo

presented by
Jeremy Cross of International Recovery Systems Inc.

 
Register Online
Wednesday, May 30th
1:00 p.m. CT / 2:00 p.m. ET
*Members who attend this webinar session will receive an ARA certificate upon completion*

American Recovery Association provides a free continuing education webinar series for recovery and remarketing professionals. The one-hour webinar offers education about the latest recovery laws and regulations, compliance policies and industry issues. This presentation is geared specifically towards owners and managers. ARA members must register online for the webinar with individual email addresses to receive a certificate of completion. If computer sharing is necessary, please provide a list of employee names and email addresses in an excel spreadsheet to tricia@americanrecoveryassn.org.

If you have any questions or feedback about our continuing education webinar series, please contact ARA Home Office at 972-755-4755 or homeoffice@americanrecoveryassn.org.

Member Highlight: Marcelle Egley

May 3, 2018 • ARA Member Spotlight1 Comment

This month we’d like to recognize Marcelle Egley of ABA Recovery Service in San Diego. Marcelle has always been an active and vocal ARA member and now we’re proud to welcome her as our newest board member!

Two weeks ago at the ARA Convention, our members voted for her to serve on our board of directors and we are very excited to work with her.

Marcelle has proved herself time and time again to be a powerful force in the repossession industry. As the president of the California Association of Licensed Repossessors, Marcelle has fought for the repossessors in her state, including working hard to lobby against state legislation that would hurt California business owners and professionals. She has also been a huge help in planning the last several North American Repossessors Summits as a member of the NARS planning committee. We have no doubt she will be a valuable asset to our board!

Celebrating Our Superb Sponsors for NARS 2018

Apr 11, 2018 • ARA News and EventsComments Off on Celebrating Our Superb Sponsors for NARS 2018

Get Ready for the Industry Event of the Year

NARS 2018 is set to be one for the books. From the stadium tour and golf tournament to our networking parties and live auction, all the great events we have planned for the 10th Annual NARS wouldn’t be possible without the support of our wonderful sponsors.

Headline & Cocktail Party Sponsor

We’re thrilled to welcome back Harding Brooks Insurance as our Headline and Cocktail Party sponsor this year. The Harding Brooks Cocktail Party will be held from 5 p.m. to 7 p.m. on Thursday, April 19th. This event will provide excellent networking opportunities for you to get to know both the Harding Brooks representative and your fellow NARS attendees. It’s an event you won’t want to miss!

Closing Party Sponsor

We’d like to give a special thanks to this year’s Closing Party sponsor, Digital Recognition Network (DRN), for making this special event possible. After two jam-packed days of education, collaboration, and networking, the Closing Party is something NARS attendees always look forward to. The DRN Closing Party will begin at 5 p.m. on Friday, April 20th, following the Business Owners Meeting.

Lunch Sponsor

Lunch this year is sponsored by our friends over at XINSURANCE. What is NARS without ample opportunities for networking? The best and brightest of the repossession industry will be there to rub shoulders with, so make sure you use this lunch to your advantage!

We’d like to extend our sincerest thanks to all of the sponsors for NARS 2018:

Harding Brooks Insurance

Digital Recognition Network

ARA

XINSURANCE

MVTRAC

CLEARPLAN

PAR North America

High Tech Locksmiths

Recovery Manager Pro

Premier Adjusters, Inc.

Dynamic Towing Equipment and MFG 

Recovery Database Network

ARA Board of Directors

Norman-Spencer

Falls Lake Insurance Companies

Triton Claim Management, LLC

Loss Prevention Services

S.C.A.R.

ARB of Louisiana

First Credit Resources, Inc.

Minute Man

American Recovery Service

Recovery Columbus

AGR Recovery Specialist.

NARS 2018 is the can’t-miss industry event of the year. To see the full schedule, click here. Haven’t registered yet? Don’t worry- there’s still time! Get your ticket here.

AMERICAN RECOVERY ASSOCIATION SELECTED FOR EXCLUSIVE PARTNERSHIP WITH BRIDGECREST

Mar 14, 2018 • NewsComments Off on AMERICAN RECOVERY ASSOCIATION SELECTED FOR EXCLUSIVE PARTNERSHIP WITH BRIDGECREST

ARA announces partnership with Bridgecrest on training, vendor vetting

Irving, Texas, March 14, 2018 – The American Recovery Association (ARA), the world’s largest association of recovery and remarketing professionals, is excited to announce a new partnership with Bridgecrest. As part of this agreement, ARA will assist Bridgecrest in their vendor vetting, training and monitoring program.

“We are honored to be chosen as the exclusive training program by Bridgecrest and are happy to help reduce the cost burden on vendors,” said Dave Kennedy, President of ARA. “We still believe repossessors should only have to choose one training service, but until our compliance program is accepted by everyone, we are determined to provide the best value.”

ARA seeks to be a viable industry solution to the high cost of vendor training. This partnership is a major benefit to Bridgecrest’s current vendor network, as it significantly reduces the financial burden placed upon them.

For more information about ARA, its partnerships, and its member benefits, please visit repo.org.

About Bridgecrest

Bridgecrest Acceptance Company is a licensed third-party servicer, servicing loans for DriveTime and other affiliated finance companies. For more information on Bridgecrest Acceptance Company, please visit bridgecrest.com.

About American Recovery Association, Inc.

American Recovery Association (ARA) is the world’s largest association of recovery and remarketing professionals. ARA members specialize in locating and repossessing collateral on behalf of lending institutions, including banks, savings institutions, finance companies, credit unions, rental/leasing companies, and auto, truck and equipment dealers. ARA is a nonprofit association whose members serve 27,000 national and international cities. All members are certified independent business operators. For more information, call 972.755.4755 or visit the website at www.repo.org.

MVTRAC Commits to 3 Year NARS Sponsorship

Mar 7, 2018 • ARA News and EventsComments Off on MVTRAC Commits to 3 Year NARS Sponsorship

MVTRAC agrees to sponsor Annual NARS Golf Tournament and Hole-in-Prize for 3 Years

IRVING, Texas – March 7, 2018 – The North American Repossessors Summit (NARS), an industry event hosted by the American Recovery Association (ARA) and headline sponsor Harding Brooks Insurance, is pleased to announce a three-year partnership with MVTRAC to sponsor the annual NARS Golf Tournament and Hole-in-One grand prize.

The 2018 event will take place on Thursday, April 19 with a 7:30 a.m. shotgun start at the beautiful Dallas Cowboys Golf Club. For $200, NARS attendees will have the opportunity to play at the world’s only NFL themed golf club. This price includes: golf balls, a GPS, a golf cart, buffet style breakfast and lunch, plus any non-alcoholic beverages.

The tournament, hosted by the American Recovery Association, is an opportunity to network with various professionals in the recovery and remarketing industry.

“Our partnership with NARS through sponsoring their flagship Golf Tournament and associated Hole-in-One Giveaway aligns perfectly with MVTRAC’s dedication to providing the premier benefits for the recovery industry,” said Luke Smith, President of MVTRAC. “We’re excited to be able to support the industry as a whole through our multi-year commitment to this event.”

When registering, you can sign up as an individual, four-person scramble, or four-person scramble with a client. Register for the golf tournament here.

This year’s golf hole sponsors include AGR Recovery SpecialistsARB of LouisianaARB of Louisiana LafayetteCalifornia Association of Licensed Repossessors,Council of Repossession ProfessionalsGotcha RecoveryNational Locating & RecoveryAutomobile Recovery Bureau, HoustonAll Cities RecoveryRocky Mountain Repossessors AssociationExperianCertified Agents Specialist AssociationPremier Adjusters, Inc. & Texas Pride, and Repossessors, Inc.

“We’ve had great experiences with MVTRAC in the past and we’re thrilled to have locked them in as our golf tournament and hole-in-one sponsor for the next two years,” said Dave Kennedy, president of ARA. “You’d be surprised at how much goodwill can be developed during a round of golf with a client, which is why we continue to look forward to the tournament each year.”

NARS 2018 will be one for the books, hosting more than 600 professionals from the collateral recovery and remarketing industries to gather and network. This year’s speaker lineup includes Dr. Tom Jones, scientist, author, pilot, and veteran NASA astronaut, as well as other industry professionals who will focus on open and collaborative discussions about the future of collateral recovery and remarketing.

About North American Repossessors Summit

The North American Repossessors Summit (NARS) is a 2-day conference for professionals in the recovery and remarketing industry from across the country to come together to address key issues impacting their industry and businesses. NARS provides an open and collaborative environment for all recovery industry professionals to address challenges and complexities in the industry and lay out the foundation for the future. The summit welcomes recovery specialists belonging to every type of professional organization and association across the country. For more information, visit www.reposummit.com.

Register for the January Webinar!

Jan 23, 2018 • ARA News and EventsComments Off on Register for the January Webinar!

American Recovery Association offers a free monthly webinar as part of its new continuing education series to help recovery and remarketing professionals stay plugged into the most current industry rules, regulations and compliance requirements.

Join us for our January webinar focusing on:

ARA Compliance Updates & the Americans with Disabilities Act

presented by
Dave Kennedy

 
Register Online
Thursday, January 25th
1:00 p.m. CT / 2:00 p.m. ET
*Members who attend this webinar session will receive an ARA HR certification upon completion*

American Recovery Association provides a free continuing education webinar series for recovery and remarketing professionals. The one-hour webinar offers education about the latest recovery laws and regulations, compliance policies and industry issues.This presentation is geared towards owners, managers, employees, and field agents. ARA members must register online for the webinar with individual email addresses to receive a certificate of completion. If computer sharing is necessary, please provide a list of employee names and email addresses in an excel spreadsheet to tricia@americanrecoveryassn.org.

If you have any questions or feedback about our continuing education webinar series, please contact ARA Home Office at 972-755-4755 or homeoffice@americanrecoveryassn.org.

ARA Member Highlight: Amy Bednar

Jan 3, 2018 • ARA Member Spotlight2 Comments

It is an honor to introduce our newest board member, Amy Bednar, president and co-owner of Relentless Recovery in Ohio. Jim Hall’s retirement created a vacancy on the board, and our president has chosen Amy as his replacement. She will complete his term that expires at the ARA Convention in 2019.

As an owner of one of the largest recovery operations in Ohio, she will be an asset to our association as we try to build relationships with lenders and continue the process of building the finest training and monitoring system in the country.

Amy and her partner, David Ziebro, gave Relentless its start by working for buy here pay here lots. Since its humble beginnings in 2001, Relentless has grown into a successful agency working with large lenders to recover over 2,000 cars per month throughout the state of Ohio. Amy has been an ARA member since 2010, and her company has been featured in Scene MagazinePopular Science, and various news articles related to its philanthropic endeavors and pioneering deployment of technology in the recovery industry.

When not at work, Amy enjoys spending time with her two sons, being a foster mom, and leading bible study with her husband.

Banks Closing Recovery Accounts

Dec 13, 2017 • Recovery Industry NewsComments Off on Banks Closing Recovery Accounts

Members,

As you are well aware, there are repossession companies having their bank accounts closed by the very banks employing them, allegedly because they don’t meet the bank’s “risk profiles.” Although recent actions at the highest levels of our government should go a long way toward resolving this issue, those wheels are infamously slow to turn. Meanwhile, American Recovery Association is proactively working to correct individual wrongs as well as working with others to present a united front for the entire industry to our legislature, banks, and the Department of Justice (DOJ).

If you and your business have been directly affected by this issue, contact ARA and please be sure to inform us of the particulars. 

On background, Operation Choke Point was a 2013 initiative of the United States Department of Justice to investigate banks and their business associations that the DOJ believed to be a high risk for fraud and money laundering. The program, which purportedly was to use legal and regulatory pressure to “choke off” financial support for businesses that were exploiting consumers, unfortunately had a far wider effect.

Banks were being pressured to separate themselves from legal businesses of which the previous administration disapproved (like payday loans, gun dealers, etc.). Obviously, the effect has gotten wider, yet.

Fortunately, things are changing.

On Monday, the House of Representatives passed a bipartisan bill to prohibit any future Operation Choke Point initiatives.

American Recovery Association insists the closure of accounts of professional collateral recovery agents who have been held to the highest levels of personal and business standards in the financial arena is unlawful and unconscionable – this practice must be stopped and all accounts reinstated. We have been in contact with Representative Hensarling’s office and Senator Ted Cruz’s office about this matter. Rest assured we will continue this fight until we win.

Dave Kennedy
President
American Recovery Association

ARA Member Highlight: Gary Purdom

Dec 6, 2017 • ARA Member SpotlightComments Off on ARA Member Highlight: Gary Purdom

This month, we’d like to recognize longtime member Gary Purdom, President of MO-KAN Central Recovery Company in Kansas City, Kansas. A loyal member since 1989, Gary and his company of professionals have represented themselves and ARA in a laudable manner, day in and day out, year after year.Clients love working with them for the services they provide and their willingness to go the extra mile. Just last month a client sent them a $100.00 bonus check for handling a particularly difficult transaction.

Knowing happy employees make happy clients, Gary recently purchased “sit and stand” desks for his office personnel. When he’s not slaving away at the office, Gary can be found on the soccer fields coaching young athletes, teaching the same work ethic he develops in his employees.

Thank you, Gary, for your membership and for being such a great ambassador for ARA.

ARA at Used Car Week

Nov 16, 2017 • NewsComments Off on ARA at Used Car Week

ARA President Dave Kennedy was asked to participate on a panel Monday night at Used Car Week, alongside officers from JD Power and Pelican Auto Finance.

The panel opened Used Car Week 2017 and was titled “The State of the Industry: The factors and trends that will shape the retail, auto finance and repossession industries in 2018.”

The association and our industry can be proud Dave was chosen to represent them at this significant conference where a majority of the attendees were c-level executives.

“Dave made a great impression at Used Car Week. The phrase ‘Relationship Recovery‘ was born, and he received a great deal of interest from several lenders in the room.” – Keith Baggett, Repossessors Inc.

Dave spoke to the current industry trends in repossession, including new technologies such as body cameras and routing systems. When discussing third-party compliance, Dave stressed the importance of lenders knowing their recovery agents and having a direct relationship with them in order to avoid risk.

We are proud of Dave and we look forward to continuing this conversation with lenders and representing our association at events like these.

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