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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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Employee Spotlight: Michelin Clark

Questions Q: What do you like the most about working here? A: Community and Unity – I appreciate the family-oriented working environment and the fact that we have a good sense of unity within our community. We celebrate each other’s accomplishments whether it’s professional or personal. By having this sense of

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Post-Pandemic Credit Union Trends

I talked recently with Joel Bowen, President of the California Credit Union Collectors Council (CCUCC). He shared his perspective on the state of credit unions as we continue to emerge from the pandemic. As we’ve heard from other lenders, delinquencies in general are down since the spring of 2020 when

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AIS Recap: Innovations in Auto Recall (Part II)

I joined Katy Martinez of Predictive Strategies at this year’s Auto Intel Summit to discuss the Takata Airbag recall and how it’s driving innovation in the auto recall space. Predictive Strategies is a performance marketing company that uses analytics to drive successful campaigns by influencing consumer behaviors. The Takata Airbag

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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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