Roquemore & Roquemore aimed to enhance SkipTrak, its repossession and remarketing management system, by recently reaching strategic alliances with three repossession industry entities.

 

Now included in Roquemore’s new alliance are the American Recovery Association, Recovery Management and OPENLANE. Roquemore shared reasons why each organization can boost the relations between recovery agents and lenders.

 

Roquemore plans to utilize ARA members as its preferred agents for the nationwide recovery of collateral. The company contends the $5 million bond from ARA can provide added security for Roquemore’s clients.

 

Meanwhile, the alliance allows for these agent relationships to be managed by RMI, an organization Roquemore believes is a bridge between lending institutions and independent recovery professionals. Executives pointed out the RMI Quick Response Program can leverage license plate recognition technology and a national network of professional, accredited and insured recovery specialists.

 

Finally, Roquemore brought OPENLANE into the strategic alliance to orchestrate a seamless transition from repossession to remarketing. Roquemore contends this alliance element should create an even greater situation for clients when SkipTrak 2.0 is deployed.

 

Scheduled to launch this month, Roquemore explained SkipTrak 2.0 can capitalize on OPENLANE’s platform to display all remarketing data in a user-friendly interface. Executives think this interface can allows the end user to interact with and track the progress of their service request from the skip and repossession through the liquidation of the asset.

 

Furthermore, Roquemore reiterated that SkipTrak can give lenders the secured opportunity to assign skip-tracing and repossession service requests to recovery agents. Lenders can track the progress of the assignment through SkipTrak’s robust document management and secure messaging systems. 

 

“Partnering with the world’s largest and most respected association of professional recovery agents who are bonded, insured, certified and experienced is a win-win for our clients and our business,” stated Rod Roquemore, president and chief executive officer of Roquemore, which has been a skip-tracing and collateral location service provider for more than 25 years.

 

“The existing relationship between ARA, RMI, and OPENLANE provides the best of both worlds in reduced risk, cost and turnaround time, while increasing efficiency,” he went on to say.

 

Zach Hallowell, business line director with OPENLANE, also shared his assessment of the alliance.

 

“OPENLANE is committed to providing a powerful online technology platform for companies in the repossession industry to reduce recovery and remarketing time and costs while expanding services they can provide their lender customers,” Hallowell noted.

 

“We’re thrilled Roquemore & Roquemore has chosen the OPENLANE platform as a way to increase remarketing efficiencies for their clients,” he added.