Harvest Strategy Group (HSG) is a recognized industry leader in accounts receivable recovery solutions that delivers best in class results. Clients include banks, credit unions, debt buyers, auto loan issuers, medical and other financial institutions. HSG manages an experienced network of highly selected collection law firms and agency partners to provide a single point of contact, national collection solution. The process ensures that accounts are channeled into the most effective stream of recovery that will result in the highest level of recovery at the lowest cost. HSG differentiates itself not only by managing results, but managing the collection process through the diligent oversight and meaningful engagement conducted by our performance managers. HSG’s model is driven by ProScore™, a proprietary legal recovery scoring model. ProScore™ is the industry’s only legal recovery model that incorporates consumer-level data points as well as numerous other exogenous data point variables. With over 12 years of attorney and agency management expertise, HSG assumes functional day to day roles of performance manager, customer service liaison, quality control and compliance manager, and auditor. As collection recovery is our only business, HSG will demonstrate superior value and maximum recoveries, while minimizing risk to the greatest extent possible. Specialists out-perform generalists 100% of the time.
Harvest Strategy Group, Inc.的外部链接
160 Inverness Dr W
200
US，Colorado，Englewood，80112
Harvest Strategy Group, Inc.转发了
Harvest Strategy Group, Inc. is pleased to welcome Gateway Portfolio Services, LLC as a new client. Gateway Portfolio Services, the sister company of Pollack & Rosen, has engaged Harvest to manage the inventory formerly handled by AACANet, leveraging our nationwide legal collections expertise.
Harvest Strategy Group, Inc.转发了
Harvest Strategy Group, Inc. has been establishing predictability in unpredictable economic cycles for nearly two decades in the #autofinance industry. How can we help with your deficiency recovery strategy? #dontsweatthedebt Thanks Bill Ploog for the steady stream of valuable industry data.
Follow up to last week’s post re: Exeter’s first-time auto loan repossession rate plummeting from nearly 3,400 in Oct-2022 to less than 100 in Nov-2022, and remaining low ever since. Of 18 lenders with publicly offered auto loan asset-backed securities (ABS), this trend is unique to Exeter. What happened? Data reveals Exeter now has more churning in late-stage (3+ payments past due [PPD]) delinquency … more loan modifications … and more charge-offs without an associated repossession. 1) Repossessing vehicles of accounts 3 and 4 PPD practically ended, resulting in more loans flowing to 5 PPD … For example, 5 PPD share of late-stage delinquency increased from 3% in Oct-2022 to 12% by Sept-2024. And, the number of accounts churning in 5 PPD nearly quadrupled. 2) Account modifications swelled … For example, 70% of 3 PPD accounts were modified in the month they moved back to being current / 1 PPD … that percent climbed to 81% as of Sept-2024. 4) Repossessions as a percent of repossession + charge-offs without repossession decreased from around 40% to about 1% between late 2022 and Sept-2024. If you would like a deeper cut of the data, to see what you can uncover, send me a message and email address. Data source: Publicly offered auto loan ABS of 18 of U.S. largest auto lenders. Data used to create charts is comprised of over 25 million distinct auto loans over period covered.
Harvest Strategy Group, Inc. Holiday Jingle
Welcome Eric Hammond! https://lnkd.in/gC43Yftb
Join us in welcoming Bryan Soltis to the Harvest team as Business Intelligence Developer. Bryan brings with him experience in data visualization, analysis, and business intelligence and we are excited that his skillset will help Harvest continue to transform our utilization of data. As an avid skier and scuba diver in his spare time, Bryan loves embracing new experiences and treading new ground, both personally and in his professional life. Welcome to the team Bryan!
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Your legal collection efforts have been a crucial hedge against the economic impact on consumers’ ABILITY to pay. Now, as the Federal Reserve’s interest rate drop signals a shift in consumer WILLINGNESS and ABILITY to settle their debts, it’s time to turn potential to progress! The Harvest Strategy Group, Inc. agency network is the ultimate solution for navigating this new landscape. With a single point of contact, we provide deep expertise across diverse strategies, geographies and consumer asset classes, ensuring you’re fully prepared to capitalize on these changes to meet consumers where they prefer digitally. Our extensive network is equipped to engage consumers effectively, turning potential into recovery. Don’t miss out on this opportunity— Get in touch today to learn how Harvest can help you navigate this exciting new landscape! #HarvestStrategyGroup #DebtRecovery #InterestRates #DigitalCollections #Nearshore #Offshore Chris Miller
Your legal collection efforts have been a crucial hedge against the economic impact on consumers’ ABILITY to pay. Now, as the Federal Reserve’s interest rate drop signals a shift in consumer WILLINGNESS and ABILITY to settle their debts, it’s time to turn potential to progress! The Harvest Strategy Group, Inc. agency network is the ultimate solution for navigating this new landscape. With a single point of contact, we provide deep expertise across diverse strategies, geographies and consumer asset classes, ensuring you’re fully prepared to capitalize on these changes to meet consumers where they prefer digitally. Our extensive network is equipped to engage consumers effectively, turning potential into recovery. Don’t miss out on this opportunity— Get in touch today to learn how Harvest can help you navigate this exciting new landscape! #HarvestStrategyGroup #DebtRecovery #InterestRates #DigitalCollections #Nearshore #Offshore Chris Miller
We’re #hiring a new VP of Information Technology in Englewood, Colorado. Apply today or share this post with your network.
Join Harvest Strategy Group, Inc. at NCBA Connect October 21-24 in New Orleans!
Harvest Strategy Group, Inc. is looking forward to seeing all of our strategic partners at National Creditors Bar Association NCBA Connect October 21-24 in New Orleans. Attending from Harvest - myself, Brad McCurnin Pete Klipa Cathy Fellabaum, Brian Hearn. If we aren't current scheduled to meet, contact me. https://lnkd.in/dZJg7syS