Relliance Aims to Be Forwarding Company That Benefits Lenders & Repo Agents

A new full-service recovery and remarketing company is aiming to take the positive elements of repo forwarding and create an outlet that benefits both lenders and repossession agencies.

Relliance describes itself as a cooperative-based company designed to provide a fresh and innovative approach to serve companies looking for a national provider for recovery and remarketing services.

“While repossession forwarding has saved countless hours and dollars for many lenders across the country over the years, lenders have been sacrificing higher recovery rates, professionalism and compliance for the low cost of repossessions and ease of mass assignments through forwarding companies,” Relliance leadership said about the industry.

“No longer is that trade-off of ease of assignment for quality necessary,” Relliance continued. “No longer must lower recovery rates equate to lower liquidation values due to depreciation from vehicles that should have been picked up months ago, and no longer must lenders worry about their exposure to litigation as their forwarding company assigns their accounts to undertrained companies.”

Relliance explained its cooperative is made up of some of the largest and most successful professional recovery providers across the nation. The company believes that it can be a catalyst for positive changes between the lending community and the recovery and remarketing business.

“By having top notch providers, strict adherence to performance standards, and a high level of quality control, Relliance can offer something that has never been seen in the marketplace before,” insisted Chris Dunleavy, chairman of the Relliance board of directors.

At a recent recovery trade association convention, Relliance indicated lenders were asking to be included as the company began providing services in the fourth quarter. 

Dunleavy added that he had been contacted by several large lenders that said they believed that Relliance had all the components they were looking for in a recovery and remarketing provider, and they wanted to be first on the client list when the doors opened.

Relliance is targeting large banks, automotive finance companies, credit unions and other significant asset based lending institutions as its future customers.

“To date, those customers had to rely on private forwarding companies to provide national service," stated Dick Frame, vice chairman of the Relliance board.

“We feel that we offer a better approach in the national recovery/remarketing space, and our objective is that the lending community will recognize and appreciate those distinctions we offer starting on day one,” Frame continued.

More details about Relliance can be found at http://www.rellianceinc.com.