Harvest Strategy Group, Inc.

** 🕶️ NEW PRODUCT ALERT 🕶️ ** Using Today’s Leading Tech to Drive Compliance Rigor Harvest Strategy Group, Inc. positions itself as an industry leader by offering a tech-forward, compliance-centric experience that delivers real-time transparency and control for clients. Here’s how Harvest’s CMS Portal sets us apart: ·       Client Empowerment Give clients on-demand, self-service and real-time access to vendor data, licensing, complaints, and remediation tracking ·       Proactive Risk Management With built-in alerts, automated assessments, and integrated PowerBI dashboards, Harvest moves to proactive and predictive compliance. ·       Audit-Ready Transparency Enable clients to feel confident during audits or regulatory reviews with centralized documentation, clear vendor histories, and structured reporting. ·       Streamlined Vendor Oversight Rather than manage vendor compliance manually or behind closed doors, Harvest delivers visibility into policies, licenses, insurance, and performance, making vendor oversight more efficient and trustworthy. ·       Tech-Driven Reputation In a space where innovation is rare, offering a proprietary portal positions Harvest Strategy Group, Inc. as a forward-thinking partner, not just a processor of legal accounts.

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

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