More synergy in repossession and recovery spaces surfaced on Monday.

The American Recovery Association (ARA) and MBSi announced a new partnership providing MBSi users the ability to accept ARA’s Compliance System within its RecoveryConnect platform.

The move is meant to give repossession and recovery providers freedom of choice for education and CCRS certifications.

“ARA is committed to reducing costs and the unnecessary burden of duplication of work and services forced upon the recovery industry,” ARA president Vaughn Clemmons said in a news release. “This partnership helps eliminate duplicity within our industry and saves our members time and money that they can use to continue to grow their businesses. It also serves as an additional revenue stream for the association to support our members with added-value services and benefits.

“It’s a win for everyone,” Clemmons added.

Since 2018, ARA said it has been a trusted provider of commercial compliance vetting and monitoring services on a national scale. Leveraging its robust infrastructure, ARA looks to ensure repossession companies across the country meet the highest standards of licensing, insurance, and operational compliance.

Industry leaders explained ARA’s partnership with MBSi opens MBSi’s RecoveryConnect platform for its approved finance companies to accept more than just one compliance vetting and monitoring service, giving options to all stakeholders relative to time, costs, and expenses.

“MBSi is thrilled to expand our offerings by providing access to ARA products and services,” MBSi president Ray Peloso said in the news release. “We have never restricted who can access our system and now this partnership makes it clear that there is freedom of choice within the industry.”

 For compliance vetting and to sign up, contact Wayne Ray at wayne@americanrecoveryassn.org or Todd Squires at todd@americanrecoveryassn.org.