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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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The Ups and Downs of Online Training

All DRN clients receive training on the DRNsights suite when they begin using our platform. This includes both how-to’s for Address Scoring, Location Reports, Location Alerts and Loss Alerts, but also demos of and education about what these products can do for their business. We also offer ongoing training as

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Everything is bigger in Texas, even Risk Scoring

One of our most innovative clients is a large, Dallas-Fort Worth, Texas-based subprime lender that began using DRNsights in 2019 as part of their collections and repossession processes. They achieved a significant uptick in overall recovery rates because the DRNsights vehicle location data was being taken into consideration at the

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Lender Roundtable Offers Insights on Lenders’ Use of LPR Data

In October, DRN hosted a golf tournament for lenders at Whistling Straits in Kohler, Wisconsin. The event brought auto lenders together to network, share best practices and learn more about DRN. This year’s event included a roundtable where lenders discussed challenges they’re currently facing as the economy – and our

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How Repwest Succeeds Using LPR Data for U-Haul

As North America’s premier commercial license plate recognition (LPR) data provider, we offer the richest data set and analytics available. For insurers, our extensive database of 18 billion license plate scans – which include addresses and date/timestamp – can play a major role in fraud cases from vehicle location to

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The Evolution of Risk Scoring

The Sooner, the Better: How Risk Scoring Became a Powerful Pre-Repo Tool DRN data has long been used in collections and repossessions to find more vehicles faster. We believed this data could be just as powerful for lenders as they scored loans and considered when to assign a vehicle for

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Pre-Repo Risk Scoring is a Win-Win for Lenders & Borrowers

One of DRN’s first enterprise clients was a large automotive captive finance company. They were long-time users of  DRNsights’ vehicle location data in their repossession processes but wanted to brainstorm how they might use it pre-repo to make better repo decisions. We partnered with this client  to pull DRN data

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Protecting Your Property and Your Business with LPR

DRN participated in the Loss Prevention Research Council IMPACT Conference earlier this month. This virtual event brought together retailers and providers of security and anti-theft solutions. As a relatively new player in the loss prevention space, it was a great opportunity for us to learn about how our license plate

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Join Our First-Ever DRN Virtual Showcase: October 20-22, 2020

The last several months have created numerous challenges and changes for businesses of all kinds. But one thing that hasn’t changed is the value of bringing experts together to discuss the state of our industry, best practices, and trends and innovations that can drive our future success. While we can’t

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Supporting Repossession During COVID-19

Everyone has felt the impact of the COVID-19 pandemic, and DRN is no different. We had to shift gears quickly to adjust to changes in the industry, including: Fewer cars on the road due to stay-at-home orders and business/school closures (meaning fewer vehicle scans); Lenders deferring payments and repossessions by

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