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Using Intuitive Analytics to Analyze Portfolio Performance and Loss Indicators

Recently published delinquency rates by vintage show signs of deteriorated portfolio performance. This trend is even more pronounced for consumers with subprime and deep subprime credit scores. 2022 vintage auto loans for deep subprime were 2.4 percent delinquent 8 months after origination, which is a 33 percent increase from the previous five-year high set in 2020. Consumer credit reporting shows delinquency in the first two years after purchase, loans originated in 2021 and 2022 are starting to show higher delinquency rates relative to loans originated in previous years. Lenders are looking to automate analytics and portfolio performance, and DRNsights plus

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LPR Provides Uses Marketing Insights

Businesses of all types are learning the value of license plate recognition (LPR) to their marketing efforts. Using LPR data and analytics can provide useful market insights. One proven method is for a business to place an LPR camera on-site near its entry to capture vehicle images of their customers.

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Employee Spotlight: Brek Darling

Questions Q: What do you like the most about working here? A: The challenges and learning opportunities that come with rolling out new products. Q: What is your current role at DRN? A: I’m currently a business data analyst here at DRN. Q: What does your job entail? A: I utilize data to provide insights and

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Using LPR Throughout the Lending Cycle

License Plate Recognition (LPR) and DRNsights – DRN’s proprietary analytics platform – offers Lenders a powerful tool that can be useful at all points of the loan process. DRNsights uniquely combines billions of LPR records with patented analytics to build full vehicle stories. These can help lenders make informed risk

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How LPR is Helping with Auto Recalls

Since 2000, 679 million vehicle and equipment recalls have been issued by Original Engine Manufacturers (OEMs). On average, only 60-75% of these recalls are actually completed.[1] When an auto manufacturer launches a recall, they often start with mail campaigns using public data and vehicle sales records. This can be successful

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Employee Spotlight: Marquist Price

Questions Q: What is your current role at DRN? A: My current role at DRN is a strategic account manager. Q: What does your job entail? A: My job entails that I build mutually beneficial relationships between DRN and our key customers. This also includes building trust by focusing on value to develop and

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