DEERFIELD, FL - CenterOne Financial Services has launched its "Online Repossession and Remarketing Assignment" technology. This new proprietary online, Web-based system provides auto finance clients with a method of assigning vehicles for repossession and remarketing, from assignment through financial settlement. CenterOne's new technology offers payments of net sale proceeds, improved inventory turn rates, and floor-pricing strategies.
Features of the Online Repossession and Remarketing Assignment system include detailed, real-time inventory tracking from time of assignment through vehicle sale, and access to repossession activity comments and inventory tracking as it happens. This system facilitates the management of a nationwide network of licensed and bonded repossession agents who are continuously evaluated on their performance. It also provides title tracking, vehicle condition reports, auction sales results, and and customizable reporting.
CenterOne works with national auctions around the country, selecting the best-performing auction in a given location to remarket its clients' vehicles. The new Online Repossession and Remarketing Assignment system will add efficiencies to assist CenterOne clients in maximizing sales proceeds and reducing losses on recovered vehicles.