Benefits of using Tri State Recovery, Inc
Why Choose us?
There are several reasons why you should choose us!
Experience: We have over 20 years of experience in the vehicle repossession industry and have successfully recovered thousands of vehicles for our clients. We love what we do - and more importantly, we are outstanding at what we do.
Professionalism: We are committed to providing our clients with the highest level of professionalism and customer service. Our team of experts is dedicated to handling each repossession with care and attention to detail.
Compliance: We understand the legal and regulatory requirements related to vehicle repossession and are committed to ensuring that all of our repossession activities are conducted in compliance with these requirements.
Technology: We use the latest technology and tools to help us locate and recover vehicles quickly and efficiently. This includes advanced skip tracing techniques and leading edge repossession equipment.
Competitive Pricing: We offer competitive pricing for our repossession services, and we work with our clients to create customized pricing packages that fit their specific needs and budgets.
At Tri State Recovery, we have the experience, professionalism, compliance, technology, and pricing that set us apart from other vehicle repossession companies. We are committed to providing our clients with the highest level of service and are dedicated to helping them recover their assets quickly and efficiently.
Benefits of using asset recovery services:
Revenue generation: By providing vehicle recovery services to financial institutions, we can generate a significant amount of revenue for you. Financial institutions are constantly dealing with delinquent borrowers, repossessions, and defaulting loans, and they need reliable and efficient vehicle recovery services to recover their assets. By offering such services, we can establish long-term contracts with financial institutions, which can provide a steady source of revenue.
Reputation and credibility: When a financial institution relies on an auto recovery company to recover their assets, they need to trust that the company will act professionally, ethically, and efficiently. By providing fast and reliable vehicle recovery services, Tri State Recovery has a reputation for being trustworthy and credible, which can lead to more business opportunities with financial institutions.
Expertise and specialization: Recovering vehicles is a specialized field that requires expertise, knowledge, and experience. By focusing on providing vehicle recovery services to financial institutions, the auto recovery company can develop specialized skills and knowledge in this field. This expertise can be valuable when dealing with complex repossession cases, legal issues, or recovery in remote locations.
Reduced risk and liability: Financial institutions need to comply with various laws and regulations when repossessing vehicles. By outsourcing vehicle recovery services to a professional auto recovery company, financial institutions can reduce their risk and liability exposure. The auto recovery company assumes the responsibility for compliance with laws and regulations, which can protect the financial institution from potential legal and financial consequences.
Competitive advantage: Providing fast and reliable vehicle recovery services can give the auto recovery company a competitive advantage over other service providers. Financial institutions value efficiency, reliability, and professionalism, and by offering these qualities, the auto recovery company can differentiate itself from competitors and attract more business.
Overall, providing fast and reliable vehicle recovery services to nationwide banks, credit unions, and finance companies can be beneficial for an auto recovery company in terms of revenue generation, reputation and credibility, expertise and specialization, reduced risk and liability, and competitive advantage.
Sensitivity and Professionalism
Repossessing a customer's vehicle is never an easy task, and we understand the sensitive nature of this process. We recognize that this is a difficult and often emotional time for the borrower, and we approach every repossession case with the utmost care and professionalism. Our recovery agents are trained to handle these situations with empathy and respect, while still ensuring that the repossession is conducted in accordance with all legal and regulatory requirements. We understand the importance of maintaining positive relationships with your customers, and we work to minimize any negative impact on your brand or reputation. Our goal is to make the repossession process as smooth and stress-free as possible for all parties involved, while still ensuring that your assets are recovered in a timely and efficient manner.
Technology
DRN (Digital Recognition Network) is the leading technology platform that is used in the auto recovery industry and used by Tri State Recovery to improve the efficiency and effectiveness of vehicle repossession and recovery.
DRN is a vehicle location data provider that uses license plate recognition technology to help auto lenders and recovery agents locate and recover vehicles that have been lost or stolen, or that are in default. DRN has a network of license plate recognition cameras installed in various locations across the country that capture and store images of license plates, which are then matched to a database of known vehicles. This information is then made available to auto lenders and recovery agents, who can use it to locate and recover vehicles more quickly and efficiently.
As such, this platform is designed to improve the efficiency and effectiveness of the vehicle repossession and recovery process, by providing lenders and recovery agents with tools and resources to locate and recover vehicles more quickly and efficiently, manage the repossession process more effectively, and ensure compliance with legal and regulatory requirements.
Certification and Industry Compliance
C.A.R.S. Certification stands for Certified Asset Recovery Specialist Certification. It is a professional certification program offered by the American Recovery Association (ARA) for individuals working in the auto repossession and recovery industry.
The C.A.R.S. Certification program is designed to provide industry-specific training and education on topics such as legal and regulatory compliance, safety, ethics, and professionalism. The program consists of a series of online courses and a final exam that covers key aspects of the repossession and recovery process, including:
- Legal and regulatory compliance: Understanding the legal and regulatory requirements for vehicle repossession, including the Fair Debt Collection Practices Act (FDCPA) and state-specific laws and regulations.
- Safety and risk management: Understanding and implementing safety protocols to minimize risks and ensure a safe repossession and recovery process.
- Ethics and professionalism: Maintaining high standards of ethics and professionalism in all aspects of the repossession and recovery process, including communication with clients, debtors, and law enforcement.
- Industry best practices: Learning and implementing industry best practices for efficient and effective vehicle repossession and recovery.
Individuals who successfully complete the C.A.R.S. Certification program are recognized as Certified Asset Recovery Specialists by the ARA. This certification demonstrates a commitment to professional development and industry standards, and can enhance career opportunities and credibility in the auto repossession and recovery industry.