"Consolidated Asset Recovery Systems is the leading company providing Web based management of asset recovery for lenders and dealers insuring a higher percentage of the assets get recovered quickly and professionally."

Consolidated Asset Recovery Systems is a revolutionary approach for managing the recovery of assets on-line.

Lending institutions exhaust significant resources attempting to manage the recovery of capital assets. Managing the multitude of small-localized recovery agents required to support the wide spread geographies of today’s lending institutions is complicated.

Add to this the attraction of over 1.5 million repossessions performed per year, the low barrier of entry into the repossession industry, and the limited number of governing agencies, exposure and liability become “high risks considerations” if not certainties to lenders.

All lending institutions are challenged with the lack of information available during the recovery process. Visibility after a case is issued to a recovery specialist is limited, with no clear method by which to view the current status of a file, condition of an asset upon recovery, or project the revenues from the disposition of the asset.

Internally, managing the multiple relationships with recovery agents within the field, determining and projecting recovery costs, and dealing with the constant change-over common to the repossession industry, can burden resources creating a liability to the lending organization.