CARLSBAD, Calif. -

Re3 Conference sponsor Del Mar Recovery Solutions recently partnered with Vendor Transparency Solutions in another step to enhance its compliance management systems.

Executive explained this move will increase Del Mar’s level of compliance and quality of services it provides to the lending and financial services community. This partnership is geared to provide a series of online, ongoing sets of vetted industry training courses that are specific to service providers in the repossession industry.

The companies highlighted the combination of Del Mar’s progressive compliance initiatives and VTS’ new formal online tracking tools will allow Del Mar’s compliance team and its clients the confirmation that all personnel has been trained in accordance with industry standards and best practices.

With requirements from the Consumer Financial Protection Bureau being such an important asset for both finance companies and service providers, Del Mar Recovery Solutions president and chief executive officer Joshua Elias emphasized the company has positioned itself to continue to be one of the leader in the recovery industry.

Elias added this newly formed partnership will now allow ease of access for Del Mar’s current and future lender client base of license, insurance, contracts, training and all due diligence as required by CFPB.

“Providing our clients the extended comfort that the Del Mar executive team takes compliance and training very seriously makes this partnership an easy decision. VTS has done a wonderful job paving the way for service providers to have a visible and efficient way to train its employees in the repossession industry,” said Elias, one of the executives included the inaugural Remarketing & Used-Car Industry’s 40 Under 40 who will be honored during Used Car Week next month in Scottsdale, Ariz.

“We have worked diligently over the course of the past 5 years creating a program that both serves as a sounding board to our clients and vendors, but also as a leader meeting the new demands of the new requirements being passed down by the regulators,” Elias continued.

“We will continue to partner with leaders in our industry, like VTS, to ensure our compliance programs stay ahead of the curve,” Elias went on to say.

Partnership like this one will be just part of the discussion that’s on tap for the Re3 Conference, which unfolds at the midpoint of Used Car Week. The Re3 Conference delves into a wide array of compliance and other matters associated with the repossession, recovery and remarketing of vehicles.

It’s all set for Nov. 18 at the Phoenician in Scottsdale, Ariz. The deadline for an early bird registration discount is Oct. 15. More details are available at www.usedcarweek.biz.

“There is no question that the topic of compliance has taken center stage and needs to be the primary focus of lending institutions and their service providers,” said Max Pineiro, president of Vendor Transparency Solutions.

Pineiro then cheered the moves made by Del Mar Recovery Solutions.

“The attention that is being placed on compliance and risk management by Del Mar is a clear indication of their intention to mitigate risk for their client base,” Pineiro said. “VTS is looking forward to working with the staff at Del Mar Recovery Solutions through comprehensive compliance monitoring and continuing education training.”