To lender's and agent's, what are some of the biggest challenges you anticipate facing within your industry in 2012?
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What is 2012 bringing?
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most of the groundwork has been done....most of the anguish is over....i predict a flat 2012 with the usual tax time slump....the ones of us who have survived will probably continue to thrive....the rumor mill will continue....towards the end of the year auto sales should pick up....we'll see some forwarders go away, agents go away, mergers in the lending circles, and hopefully the sky wont fall
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Originally posted by Bryan/Faith Financial View Postmost of the groundwork has been done....most of the anguish is over....i predict a flat 2012 with the usual tax time slump....the ones of us who have survived will probably continue to thrive....the rumor mill will continue....towards the end of the year auto sales should pick up....we'll see some forwarders go away, agents go away, mergers in the lending circles, and hopefully the sky wont fall
Heavy Equipment has been on a fairly steady increase, the tax time slump does not usually have an impact on the heavy equipment for us but it does on most eveything else.
The election should be very interesting, so I am looking forward to that too.
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Since yesterdays appointments by Obama, I have reservations on how much the Feds will put the brakes on the lenders. The appointment of CFPB head Richard Cordray without Congress approval and the fact he mirrors Osama Obamas ideas may have a hugh impact that could reach as far as the little repo guys with regulations. The NLB had three appointments of pro labor people that may well decrease competition and raise prices of goods we repossess that will make them unfordable to many thus cutting business to us.
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Originally posted by jclark View PostSince yesterdays appointments by Obama, I have reservations on how much the Feds will put the brakes on the lenders. The appointment of CFPB head Richard Cordray without Congress approval and the fact he mirrors Osama Obamas ideas may have a hugh impact that could reach as far as the little repo guys with regulations. The NLB had three appointments of pro labor people that may well decrease competition and raise prices of goods we repossess that will make them unfordable to many thus cutting business to us.
yep.....watching that circus just like you....same reservations.....so here's my plan....in the past i've supplemented by doing mechanics leins(its still legal here in texas altho getting a title has become more of a pain)....but when they regulate us out, i'll call the local cable channel group and have em come out....then i'll buy me some commercials, put some really hot girls in cowboy boots and daisy dukes next to our wreckers....dream up some cheesy jingle and start a towing business....betcha i can start invoice'n within days.....i aint married to this, only comfortable....wont change unless forced, and wont look back once the change happens
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good luck Johnny, I'm ahead of you on that list. I did work for them for TM, but can't get any assignments otherwise. They sent me one (probably by accident) for another lender. It was a reassign and I had it picked up within 6 hours. You would think that would get me at least 1 more order.... but no.
I don't know why. I know everyone on here raves about their work, I just can't get any of it, and now that TM is no longer on with CARS I guess I won't see any more.
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No, not with RSIG policy. The problem with such an exclusion is the number of insurance companies dabbling in the market, since it is a soft market even if a few did exclude many would not so they would be one up on those who followed the exclusion. RSIG is the only insurance provider that is 100% repossession, others write life, property, and health insurance and do not rely on just the repossession industry so if we did not cover contingency many more would. This would have to be a regulation through legislation to stop coverage for all insurers
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Originally posted by jclark View PostNo, not with RSIG policy. The problem with such an exclusion is the number of insurance companies dabbling in the market, since it is a soft market even if a few did exclude many would not so they would be one up on those who followed the exclusion. RSIG is the only insurance provider that is 100% repossession, others write life, property, and health insurance and do not rely on just the repossession industry so if we did not cover contingency many more would. This would have to be a regulation through legislation to stop coverage for all insurersKel
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