One of the most frustrating places where a finance company’s collateral can be during the repossession and recovery processes is the equivalent of “car jail.”

To help mitigate risk and reduce that frustration, skip-trace and repossession management firm ALS Resolvion recently released a new impound management service called Impound Pro. 

The “end-to-end” service is designed to address the major pain points in the current process of handling vehicles that have been impounded. The firm explained these pain points can include operational inefficiencies, excessive expense, exposure to lien loss and issues remarketing the vehicle.

Impound Pro includes several service components such as VIN monitoring, impound yard negotiation, legal services support, value assessment support, speedy recovery, remarketing for total loss and end of life vehicles, and insurance claim services. 

Most of these components are provided inhouse by ALS Resolvion, but certain services are delivered seamlessly through key partnerships the firm has developed.

The company highlighted the service is available on an “ala carte” basis, giving finance companies the ability to pick and choose certain components or utilize the service as an end-to-end solution.

“The impound management process is difficult for most lenders,” ALS Resolvion chief executive officer Michael Levison said in a news release. “There are multiple steps involved and typically several different service providers must be used.

“Impound Pro is designed to streamline the process and reduce the number of touch points in the process and, by doing so, improving efficiency and results,” Levison continued.

For more information about ALS Resolvion’s Impound Pro service, contact Jose Mendiola at jose.mendiola@alsresolvion.com or call (954) 931-2848.