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FORT WORTH, TEXAS — April 19, 2016 —Electric Insurance Company has adopted the “Live Alerts” stolen vehicle identification and recovery system after saving more than $30,000 in costs associated with a vehicle theft claim in just the first four days of implementing the software into their process. Stolen vehicles cost the insurance industry $4.5 billion […]

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Mike Villanova added to support Auto Finance channel growth FORT WORTH, TX 04/15/2016 – As Digital Recognition Network (DRN) continues to rapidly expand the company’s auto finance channels, the company has hired Mike Villanova as Director of Channel Sales. Adding this position, enables DRN to provide the dedicated support needed for this growing market. Mike […]

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FORT WORTH, TX 04/12/2016 – Digital Recognition Network (DRN) (www.DRNData.com) announced today that the company has entered into a settlement agreement to resolve the litigation accusing Four Repossession Agencies (Agents) of breaching their license agreements with DRN, misappropriating DRN’s trade secrets, and violating the Federal Computer Fraud and Abuse Act and Texas’ Harmful Access by […]

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The rise in subprime delinquencies and charge-offs hits lenders’ bottom line but vehicle location data and analytics is putting lenders on the right track. Over the past year, we have been sounding the alarm with lenders – warning them that mounting delinquencies and charge-offs would impact revenues and ultimately devalue their portfolios. And, while default […]

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How the “riskiest of the risky” auto loan portfolios become a lot more attractive with collectability insights powered by vehicle location data. I recently spoke on a technology and operations panel at the Debt Buyer’s Association annual conference in Las Vegas. The debt buyers in the audience shared two major insights – the first, their […]

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Last month in Fort Worth, DRN gathered 20 executives from the top auto lenders across the country for the second annual DRN Lender Roundtable. And while lenders also enjoyed a night out at the rodeo watching the country’s top bull riders, the issues competitive issues facing the lenders are no bull. The topics were often […]

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