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The Facts Don’t Lie Like most B2B businesses, DRN solves problems for our customers. And by solving these problems, we do more than just drive revenue and results, we create a bigger impact. That impact touches anyone that drives a car and has an insurance policy. Our data and analytics mitigate risk for auto lenders […]

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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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Diversify your portfolio with auto debt using vehicle location data for collectability. By Stephen Nethery Auto debt doesn’t rank high on most Debt Buyers scorecards. But what many don’t realize is that they may be missing out on collectable portfolios that can drive results and revenue. Why does auto debt get a bum rap? Here’s […]

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Flat-Rate Vehicle Location Data Helps You Prevent CFPB Fines. The CFPB (Consumer Financial Protection Bureau) is cracking down on Disparate Treatment and Disparate Impact and here’s the rub: you can get into hot water even if the disparate treatment or impact is unintentional. In simplistic terms, the CFPB is saying lenders must treat their customers […]

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Why Traditional Collections for Non-Traditional Loans Doesn’t Work. Imagine a perfect collections world – a world where all loans, subprime and prime, were paid on time. Admittedly that’s a fantasy scenario, yet we are seeing collections departments that live in a similar fantasy world – a world where tradition equals best practices. Problem is these […]

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Value-Based Pricing Opens New Possibilities for Collections & Recovery FORT WORTH, TX 10/20/2015 – Digital Recognition Network (DRN) (www.DRNData.com) announced the launch of their new Enterprise Solution, a value-based subscription model for all-you-can-eat access to vehicle location data. Auto lenders rely on DRN’s vehicle location data to recover more assets and now they can employ […]

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Attention Auto Lenders: Use ROI to drive data investments and reduce charge-offs. In our last blog we talked about John’s loan and the power of new vehicle location data insights in collections. We learned how using LPR data early in the collections cycle provides valuable insights to help prevent charge-off losses. Sounds great, right? But […]

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