FOR IMMEDIATE RELEASE
IRVING, Texas, August 01, 2018 – The American Recovery Association (ARA) is proud to unveil their newly improved Certified Collateral Recovery Specialist (CCRS) program. This relaunch is a crucial part of their initiative with the National Automotive Finance Association (NAF Association) to address the lack of standardization across compliance programs.
The resulting baseline standards agreed upon by ARA and NAF Association encompass the key areas of vendor compliance, including owner/business regulatory reviews, training, policies and procedures and vendor site visits.
“The newly renovated CCRS program makes the compliance and education platforms much more efficient, which is something we’ve worked to achieve for a long time,” said Dave Kennedy, president of ARA. “In addition to reducing costs, I believe our CCRS program is the most well-constructed program in the industry.”
ARA’s CCRS certification is the most comprehensive compliance exam in the industry, and it’s only awarded to those who score in the 80th percentile and above on each exam.
“We’re proud that our program was written by education professionals with the advice of attorneys, not by attorneys for attorneys,” said Les McCook, executive director of ARA.
Used nationwide by lenders to the benefit of their organization and vendor network, the ARA CCRS is least expensive program of its kind in the industry, and it’s the only all-inclusive system available to date. In addition to rivaling any other training platform, the added benefits of ARA’s system include client customization, fingertip information resources, and outside independent audits. For those paying these costs for their entire network, this is a major savings when compared to comprehensive operational costs.
ARA’s CCRS program is currently accepted by several lenders in the country. Not only is it recognized by the Louisiana government, but it will soon be recognized in several states. ARA is working diligently toward full national adoption.
For more information about ARA, its partnerships and its member benefits, visit repo.org.
About American Recovery Association, Inc.
American Recovery Association (ARA) is the world’s largest association of recovery and remarketing professionals. ARA members specialize in locating and repossessing collateral on behalf of lending institutions, including banks, savings institutions, finance companies, credit unions, rental/leasing companies, and auto, truck, and equipment dealers. ARA is a nonprofit association whose members serve 27,000 national and international cities. All members are certified independent business operators. For more information, call 972.755.4755, or visit www.repo.org.
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