ATLANTA – Manheim and Oregon Community Credit Union announced that Oregon Community will utilize Manheim’s EasyStep Remarketing, a comprehensive recovery and remarketing program for credit union repossessions.
With EasyStep Remarketing, Oregon Community will reduce the time and coordination for recovery and liquidation of its repossessed collateral. Making that process more efficient will help the credit union reduce costs and days to sale, while earning higher sale prices for its repossessed vehicles.
EasyStep Remarketing is composed of three steps: recovery of the asset, offer of the asset to credit union members, and wholesale liquidation of the asset to auto dealers. Recovery is managed by Manheim’s Recovery Solutions division, with a network of more than 700 professional recovery agents nationwide.
Next, Manheim’s remarketing division, Remarketing Solutions, manages every aspect of the remarketing process, beginning with posting of the vehicle to an Internet auction for sale to credit union members, powered by TitleAuctions, a developer of online retail auction platforms.
If the vehicle continues to be for sale, the final step is wholesale liquidation, beginning with Manheim’s Online Vehicle Exchange, where the vehicle is exposed to 65,000 auto dealers from coast-to-coast via the Internet, and ending with running the vehicle through the wholesale auction lane. The vehicle remains for sale 24/7 throughout the entire process.