Category: News

FOR IMMEDIATE RELEASE

TAMPA, FL 9/6/2019 – Mark Lacek, founder of Professional Repossessor Magazine, former president of Florida Association of Licensed Repossessors and most recently, author of RISC’s Certified Commercial Recovery Agent national certification program (CCRA), is set to speak at this year’s Allied Finance Adjusters Midyear Meeting. Lacek, who is currently considered one of the nation’s leading expert witnesses on professional standards and the repossession industry, will be providing the audience with the ins and outs of why commercial repossessions can increase a collateral recovery agency’s business.

“A CCRA trained repossessor can increase his/her bottom line by hundreds of thousands of dollars every year,” Lacek says. He will discuss commercial skip tracing strategy, how to invoice correctly and how to successfully repossess commercial trucks and equipment. Lacek will also show how to locate local commercial lenders in your area, make contact with national commercial lenders as well as how to gain and maintain them as a valuable client. “I have been repossessing commercial trucks and equipment successfully for over 30 years and I believe this niche is currently underserved,” says Lacek. “I want to help other agencies grow their businesses by adding this offering.”

Mark Lacek’s talk can be seen at the AFA Midyear Meeting in Virginia Beach, VA on Friday October 18^th, 2019. The talk will be at the Hilton Garden Inn Virginia Beach Oceanfront from 9:00 to 10:30am. Guests must register with Allied Finance Adjusters to attend.

Lacek is currently the owner and president of Commercial Asset Solutions (CAS). CAS is a commercial asset repossession company servicing commercial lenders only. The CCRA program is an online certification offered through RISC (Recovery Industry Services Company) available at www.riscus.com.

About RISC

RISC is an organization dedicated to providing services specific to the collateral recovery industry and advocate on behalf of all professional practitioners with the industry. RISC is dedicated to the professional training and certification of collateral recovery specialists. For more information visit www.RISCus.com or contact us at [email protected], (866) 996-7472 or (813) 712-7535

RISC on LinkedIn and Facebook

 

RISC and Hudson Cook LLP Update the CARS Program

04/15/2019 – TAMPA, Fl. – Recovery Industry Services Company (RISC), through their relationship with Hudson Cook, LLP, a national consumer financial services compliance and regulatory law firm, has completed a significant update to the Certified Asset Recovery Specialist® (CARS) National Certification program.  Improvements include detailed information about repossession insurance, relevant case studies, and updates to the laws that govern the self-help repossession process.

“The updates include a comprehensive review of repossession laws to ensure recovery agents are getting the most relevant and recent compliance education,” said Eric Johnson, Partner with Hudson Cook.

“Our partnership with Hudson Cook means agents who invest in the CARS program are receiving the most recent and relevant training for collateral recovery,” said Stamatis Ferarolis, CEO of RISC. “Anyone who becomes certified on the CARS program can be confident that the material is widely accepted and sought after by creditors in the repossession industry.”

“We are excited to continue to foster our relationship with Hudson Cook to provide the most thorough, up-to-date educational material to repossession agents,” said Holly Balogh, President and COO of RISC.

Johnson will continue to oversee annual updates to the CARS and CARS Continuing Education courses. To sign up for the CARS program or a new CE course, visit the RISC website at https://www.riscus.com/Education/. Remember, RISC offers a subscription monthly payment option for all education purchases.  For questions about RISC and the CARS program, contact Holly Balogh, at [email protected].

 

About RISC (Recovery Industry Services Company)

RISC provides services to lenders and recovery agents advocating on behalf of all professional practitioners within the industry. RISC is dedicated to the professional training and certification, vendor vetting services and comprehensive lot inspections for third-party collateral recovery vendors. For more information, visit www.riscus.com.

 

About Hudson Cook, LLP

Since 1997, Hudson Cook, LLP has been advising clients on state and federal consumer and commercial financial services, banking and privacy compliance, regulation, enforcement and supervision. With more than 55 attorneys in 13 offices across the country, the firm provides local, national and international clients with practical, efficient and innovative solutions. Hudson Cook has been named for the ninth consecutive year to Auto Remarketing’s The Power 300 – The Most Powerful Companies in the Pre-Owned Business and has been nationally ranked in Financial Services Regulation Law for a seventh consecutive year by U.S. News & World Report and Best Lawyers.

 

Skip-Tracing Training Program Updated & Available at NARS

04/09/2019 — TAMPA, Fl. — Recovery Industry Services Company (RISC), the leading provider of compliance education and training services, announced today they will be releasing an updated version of the Skip-Tracing Certification Course at the North American Repossessors Summit (NARS) in Irving, TX on April 18, 2019.

The new course, authored by Alex Price, also known as “The SkipGuru,” delves into the methodologies and practices of skip-tracing to teach the student how to effectively locate skips while staying in compliance with state and federal regulations. The course will be available in RISC’s online learning management system and covers all aspects of modern skip-tracing, communication tactics, human nature insights, applicable federal law, data security and the ‘big three’ of skip-tracing.

“On the vast majority of repossession accounts, some level of skip-tracing is needed to locate assets that are difficult to contact or find,” said Stamatis Ferarolis, chief executive officer and founder of RISC. “Alex Price shares his unique methodologies that he honed over the past 30 years to teach students how to deploy effective communication and cyber techniques to locate the consumer who does not want to be found.”

The updated course will be available as a standalone certification program for skip-tracers and to recovery agents as part of continuing education for the CARS program.

About RISC

RISC provides services to lenders and recovery agents advocating on behalf of all professional practitioners within the industry. RISC is dedicated to the professional training and certification, vendor vetting services and comprehensive lot inspections for third-party collateral recovery vendors. For more information, visit www.riscus.com.

Published in SubPrime Auto Finance News 

TAMPA, FL 3/11/2019 – Coming on the heels of Automotive Intelligence Council member MBSi Corp. making a move involving the firm, Recovery Industry Services Co. (RISC) announced it has joined forces with recently acquired Vendor Transparency Solutions (VTS) to unite compliance services and provide comprehensive vendor vetting, lot inspection and education services to the collateral recovery industry.

For years as independent companies, RISC and VTS stressed that they have advocated for a more professional repossession industry. By integrating the compliance solutions, RISC insisted that it now offers the best of both companies to the industry.

“We are proud to partner with RISC to provide a repossession training and vetting solution that has been embraced by both vendors and lenders, and we thank those who have supported our efforts,” said Max Pineiro, president of Vendor Transparency Solutions.

“With the recent acquisition of the VTS software platform, we looked to partner with the industry standard CARS program to add value to the VTS training curriculum and vetting services.  Additionally, the involvement of Hudson Cook solidifies it as the industry standard,” Pineiro continue.

In the weeks and months ahead, RISC will announce new product offerings that combine the best of RISC and VTS curriculum and technology solutions.

“With this partnership, we continue to work towards improvement and unification of the industry,” RISC chief executive officer Stamatis Ferarolis said.

“It will take some time to integrate our curriculum and vetting services, but we believe together we now deliver the only comprehensive compliance and education solution to the collateral recovery industry,” Ferarolis went on to say.

About RISC

RISC is an organization dedicated to providing services specific to the collateral recovery industry and advocate on behalf of all professional practitioners with the industry. RISC is dedicated to the professional training and certification of collateral recovery specialists. For more information visit www.RISCus.com or contact us at [email protected], (866) 996-7472 or (813) 712-7535

RISC on LinkedIn and Facebook

 

RISC and Traxxis GPS join together to provide best in class compliance support for the recovery industry.

Recovery Industry Services Company (RISC) has joined forces with Traxxis GPS Solutions (“Traxxis GPS”) to offer a unique risk mitigation product by providing on truck video monitoring to RISC Members.  This partnership broadens RISC’s leading compliance offerings to agencies, clients, and insurance companies by leveraging Traxxis GPS Vehicle Tracking and Video Telematics solutions to help agencies with the following risk mitigation needs:

• Cost reduction due to claims mitigation
• Expedited damage and claim resolution
• Increased recovery agent safety
• Truck metrics
• Truck telematics including GPS
• Client assurance

Stamatis Ferarolis, CEO of RISC says there are huge benefits to agencies who use the Traxxis GPS connected camera and LIVE video solutions in their recovery business. “The initial investment in Traxxis GPS is pennies compared to the mitigation of claims.  I’ve been told by many agency owners that within the first 3 months users have saved their investment in claims mitigation alone.”  Stamatis goes on to say, “Adding video cameras to RISC’s suite of compliance services gives me confidence that we are providing the tools to ensure an agency and their employees are being offered the latest in training, compliance, and technology.”

RISC and Traxxis GPS are offering a unique opportunity to take advantage of reduced pricing.  As a RISC member, if you decide to invest in vehicle camera technology through Traxxis GPS by March 31, 2019, you are entitled to a discount incentive of up to $50 per vehicle up-front plus two (2) FREE months of LIVE Video Access, equaling a savings of $85-$110 per vehicle.

To start the process, simply go to www.riscus.com/agentservices/truckvideomonitoring   Please be sure to include the promotion code “RISC 2019” prior to submitting your information.  Once received, a Traxxis GPS Solutions’ Specialist will contact you within 24 hours of your request to assist you in your search for the “best fit” Vehicle Tracking, Camera and LIVE Video Telematics system for your business. 

“RISC is excited to work with Traxxis GPS to offer this unique opportunity to agency owners and help them reduce risk, increase industry compliance and improve safety.  Lenders have been asking RISC for such a solution and we’re happy to have partnered with Traxxis GPS to provide it.” said Holly Balogh, President and COO of RISC.  For questions about the RISC – Traxxis GPS opportunity please contact Holly Balogh, at [email protected]

 

RISC’s new CARS Continuing Education Course 12 released at 2018 North American Repossessors Summit

Recovery Industry Services Company, the leading provider of compliance education and training to the collateral recovery industry, releases a new continuing education course for CARS certified recovery professionals. This course was designed to reinforce training on applicable federal law including the Fair Debt Collection Practices Act (FDCPA), Telephone Consumer Protection Act (TCPA), Gramm-Leach Bliley Act (GLBA) and the Dodd-Frank Act. The comprehensive Federal Law for Self-Help Repossession course from RISC includes details on creditor’s oversight of service provider compliance as issued in the 2016 Consumer Finance Protection Bureau (CFPB) Compliance Bulletin and Policy Guidance; Service Providers.

“We received requests from lenders who were looking for reinforcement of the CARS curriculum. The Federal Law for Self-Help Repossession course was designed as comprehensive curriculum covering all applicable federal law related to self-help repossession,” said Stamatis Ferarolis, chief executive officer and founder of RISC. “This course supports the compliance requirements that are driving the auto recovery industry to require training and certification to educate third party vendors in an effort to prevent breach of the peace and wrongful repossession.”

The Certified Asset Recovery Specialist (CARS) program from RISC covers all legal aspects that impact self-help repossession. Certification is accepted in all 50 states and annual continuing education courses are required to maintain certification.

The Federal Law for Self-Help Repossession course can be purchased at www.riscus.com. All orders include course material, open book exams and a printable certificate of completion. Repossession professionals must complete the CARS certification prior to purchasing continuing education from RISC.

About RISC
RISC is dedicated to providing services specific to the collateral recovery industry and advocate on behalf of all professional practitioners within the industry. RISC is dedicated to the professional training and certification of collateral recovery specialists. For more information, visit www.RISCUS.com.