Specialty recovery processes are often overlooked in the auto finance industry
Lenders are coming face to face with the ever-growing need for a strategy for effective specialty recoveries, and no two auto lenders are alike. Auto portfolios have unique complexities and process dependencies that cannot be solved with simple adjustments. These processes require alignment throughout multiple departments to maximize recoveries, and ultimately provide the best survivor experience.
What macro industry trends and implications have created a need for specialty recoveries, and what obstacles and opportunities does this present to auto financiers? On this special episode of The Roadmap, Chris Stanley, director of business development at DCM Services, discusses best practices for specialty recoveries, and resources lenders can utilize going forward.