News and Announcements
Where Auto Repossession All Began
In the complex tapestry of the automotive industry, auto repossession stands as a pivotal thread, weaving through the history of car ownership and finance. The history of auto repossession is a fascinating narrative of economic shifts, legal developments, and societal...
A Journey through the History of the Auto Finance Industry
The modern auto finance industry stands as a testament to the intricate dance between consumer desire and financial evolution. From the beginning to the current status as a cornerstone of the global economy, the history of auto finance is an interesting tale of...
Build or Buy Risk Factors for Compliance Software: How to avoid builder’s remorse
When deciding on a software solution for your business, first and foremost, it is important to determine what you need the software to solve, and then decide if buying a pre-built solution is right for your business or if the build route is the way to go. There are...
Repossessors Removing Privacy Data in Illinois: MBSi Has You Covered
MBSi Delivers Solution for Illinois’ Law Regarding Removing Privacy Data 01/29/2024 -- MBSi announces a new privacy data removal feature available in its industry-leadingRecoveryConnect platform, and mobile application, RCM, in response to Illinois state law, IL...
MBSI Newsletter #6
It's the most wonderful time of the year… We could argue the whole year has been a wonderful one! We welcomed new customers, new team members, strengthened relationships with our customers, and prioritized providing great products. Read on for additional details...
MBSi Newsletter #5
Just a little history We thought we'd start this one off with some fun history we researched about the industry. The first collateral repossessed was in 1867 and was the first car that was sold in the United States. [source CUCollector, 2015] The first known...
MBSI Newsletter #4
How is it almost summer? The year is flying by. Graduation season is upon us and we are officially heading into the summer months. First we want to say congratulations to any graduates in your family. We wish them well in their new chapter! In addition to temps...
Ray Peloso Joins MBSi Corp. as President
5/10/2023 – MBSi Corp., the leading provider of repossession assignment software and vendor compliance solutions to the auto finance industry, welcomes Ray Peloso as its new President. After more than 8 years of leadership and growth at MBSi, Cort DeHart will be...
MBSI Newsletter #3
You spoke, we listened, …and cultivated change Since 2019, we have been putting effort and resources into connecting with all customers, but especially agencies to gather feedback and use the information to champion changes in the industry. These outreach efforts...
MBSi and Santander Partner to Eliminate Agency Recovery Fees for Agencies
3/8/2023 - As a leading provider of repossession assignment management and compliance management solutions, MBSi recognizes our leadership role in promoting transparency and positive change in the auto finance industry. In 2019, MBSi started the campaign,...