MANASSAS, Va. — Recovery Specialist Insurance Group recently highlighted how the industry has been embracing its National Agency Management Systems, a technology solution that's been welcomed by Allied Finance Adjusters, as well as lenders.

RSIG contends that NAMS is the only technology solution that can provide direct communication with the repossession agency and field rep, as well as ensure that every account is afforded insurance protection through the Recovery Specialist Insurance Group insurance policy.

"Gone are the days of having to sort through numerous insurance certificates and coverages," RSIG director Jim Clark declared.

"NAMS offers one place where repossession insurance is standardized across the board, and there's no doubt of who's covered and who's not," Clark continued.

As a result, Clark pointed out RSIG is working with Allied president George Badeen to extend NAMS availability to members of Allied Finance Adjusters.

"Over the years, Badeen and other previous presidents of Allied Finance Adjusters saw the value in careful membership screening and open membership growth, becoming a strong force in the repossession industry," Clark explained.

"They looked to the RSIG underwriting model as a way to continue to improve its membership processes in terms of background checks, facility inspections and education requirements. This proactive approach by Badeen and Allied Finance Adjusters made them a natural partner as NAMS continues to expand its presence to lenders nationwide," Clark went on to say.

Industry relationships involving NAMS haven't been limited to Allied.

RSIG mentioned US Tracers — a public records company focused on developing tools and data products to locate and verify information — recently selected NAMS as its industry partner to integrate RepoBoost.

"The use of RepoBoost within NAMS makes more vital information available to lenders and repossessors, which leads to a more efficient repossession process," Clark noted.

"Repossessions happen faster, and repossessors and lenders are armed with better more current information. This robust product is only integrated within NAMS," he emphasized.

Furthermore, Clark indicated several lenders are in training or using NAMS already, as well. He expects several lenders within the next 60 to 90 days to adopt the solution, and RSIG will go through the approval processes with these lenders' corporate offices, collection, legal and tech departments.

"Lenders are excited about the NAMS program because of the ease of use of the system and extraordinary security measures employed by the system," Clark stressed.

"The NAMS program has been a long time in the making, but when striving for an efficient and effective solution for both repossessors and lenders, shortcuts were not an option," he continued. One California credit union who recently trained on the system says, ‘I love this system and can't wait to use it more.'"

For more information about RSIG or NAMS, visit website www.rsig.com or call (703) 365-0199.