Harley-Davidson Says Repo Shortage Is Fueling Credit Losses (msn.com)

  BloombergFollowHarley-Davidson Says Repo Shortage Is Fueling Credit LossesStory by Sean O'Kane and Claire Ballentine • 8h ago   

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Kevin Davis, President of TFS Recovery, was selected as a speaker at a breakout session at this years Equipment Management Conference. We are honored to have the support of our peers in the industry to highlight our knowledge and experience. 

 Distressed Accounts/Repos This session will explore the some of the best practices when handling distressed accounts…

 First Citizens BancShares, the parent company of First Citizens Bank & Trust Company, and

 TCF Capital Solutions, a division of TCF National Bank, announced that TCF acquired 

 Huntington Bancshares, the parent company of Huntington National Bank, and TCF Financial, the parent company of

In response to countless requests from our clients, TFS Recovery is now offering equipment remediation and remarketing for select customers. During a trial run from March 2020 to September 2020, TFSR assisted lenders with sales of more than 5MM. 

https://www.tfsrecovery-inventory.com/

Sterling Bancorp has completed two loan portfolio sales including the remaining balance of its small business commercial transportation loans and the majority of its residential mortgage non-performing loans.

In two separate transactions, the company sold $106.1 million in equipment finance loans, which represented the remaining balance of its small business…

TFS Recovery is scheduled to attend several conventions in 2020. We are geared up to show the leasing world that we are a leading provider in the commercial recovery sector. 

 TFS Recovery is happy to take delivery of two more 2020 Soul GT's for our road team. 

More Cars + More Agents = Faster Results

Fiscal year is January-December. All values CAD millions.201420152016201720185-year trendSales/Revenue531.35M660M750.43M1.26B1.52B

Just gonna leave that right there...

It's not a surprise to see such a staggering increase. The commercial sector has seen some very good times...and it's share of bad. 

Lenders, with the amount of equipment being sold through RBA, there is a chance you are not getting the best…

The U.S. Military is us. There is no truer representation of a country than the people that it sends into the field to fight for it. The people who wear our uniform and carry our rifles into combat are our kids, and our job is to support them, because they're protecting us.

 We have an immediate full time position open for our commercial recovery division. Qualified applicants should have experience with construction, agricultural and forestry equipment. Clean MVR required. Applicant must be able to pass pre-employment drug test and background check. Please send resume to employment@tfsrecovery.com

I was speaking with a new client recently...

They said "Make a big splash when you jump in and you will secure your place in the pool"

So that is what we did. TFS Recovery was assigned several accounts that had little activity and no resolution over the previous months they were assigned elsewhere. In most cases,…

With assignment placements up by more than 60% in the past year, we have been running the roads. Glad to take delivery of some more Souls to handle the workload. With (7) Kias on the road and our other fleet vehicles, we are sure to get our agents on the ground quickly!

There have been countless discussions on how lenders are best served when dealing with the task of assigning repossessions. The vetting process is time consuming. Insurance and compliance monitoring becomes a full time job. But what if you could have the best of both worlds? TFS Recovery is the only "TRUE" nationwide recovery agency. When…