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NAF Conference Offers Return to Industry Camaraderie

The National Automotive Finance Association (NAF) held its annual Non-Prime Auto Financing Conference last week in Plano, Texas. This was a great opportunity for subprime lenders to network, share best practices, get updated on industry trends and learn about new innovations in our space. I spoke to many lenders, agents and other vendors who were really glad to be back – we’ve all missed the camaraderie and learning that can happen when we come together. The group was eager to talk about what’s coming for the industry as the pace of collections and recoveries begins to increase. There was a

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Blog

AIS Recap: Insights from the Auto Intel Council (Part I)

I joined several other members of the Auto Intel Council at the Auto Intel Summit in May. The Council is a private organization that includes the leading intelligence companies in the automotive space. We talked about the latest developments in auto fintech as well as digital retail and remarketing innovations.

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Employee Spotlight: Don Elam

Questions Q: What do you like the most about working here? A: My coworkers and the job autonomy. Q: What does your job entail? A: Preparing daily reports, ad hoc reporting, troubleshooting minor issues, assisting others where needed. Q: How long have you been working at DRN? A: This coming

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Employee Spotlight: Travonne Hodges

Questions 1. How long have you been working at DRN? I have worked at DRN for 10 years and 10 months. I started in Dispatch and moved to Accounting for 6 years and now I am in Client Services. 2. What is your current role at DRN? I am currently

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Auto Recall Blog Part 6: Conclusions

Successful completion of auto recalls is critical to the safety of consumers and the ongoing health of the auto industry. Recalls are a complicated process, with complex challenges including locating vehicles and owners, communicating with them effectively, and motivating owners to complete needed repairs. The key to solving these challenges

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Presentation Recap: RMAI Conference

I was happy to be part of a panel discussion – in person!  – at the Receivables Management Association International (RMAI) Conference in April in Las Vegas. I was joined by attorney Daniel Consuegra and Shannon Rodden of Premier Forty Financial to discuss the current automotive finance landscape. By far,

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The Value of LPR Staging with MVTRAC

To understand LPR staging, it’s best to look at repossession assignments as two different types (active and passive). An active assignment is a typical assignment a lender would give to a repossession vendor. The repossession vendor is actively looking for the vehicle based on location data provided by the lender.

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