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 “winning together” concept, we also stick together when times are tough as well. Q: What is your current role at DRN? A: My current role at DRN is Product Manager. Q: How long have you been working at DRN? A: I’ve been with DRN for almost 2 years Q: What does your job entail?
DRN Vehicle Recovery Hotlist Grows to 360,000 as the Company Marks Milestone of $2 Billion in Asset Value Recovered in 2017 for Lenders
Hotlist Growth Reflects Confidence in DRN’s Provider and Affiliate Network FORT WORTH, TX 1/23/2018 – Digital Recognition Network (DRN) announces today that the company’s active hotlist hit an all-time high of 360,000 License Plate Recognition (LPR) assignments. DRN also reports that in 2017 the company’s providers recovered collateral totaling a
Fort Worth, TX and Livermore, CA, December 14, 2017 – VaaS International Holdings (VaaS), a global leader in image recognition, data, and analytical technology, today announced the hiring of Matthew Brady as Chief Revenue Officer (CRO). In this role, Matthew will leverage his leadership experience in the technology industry to
The annual Collections and Recovery Solutions (CRS) conference never fails to recharge my batteries. Coming just 5 months into the year, it’s a great time to take the pulse of the industry and hear first-hand the challenges and successes of the industry. Entering the year at American Financial Services Association
Personal Lines Auto Insurance Carriers Shocked by Commercial Use Losses, Turn to DRN’s Picture Proof to Find Commercial Use at Underwriting and Renewals
DRN guarantees to find at least 4% commercial use of at-risk personal auto policies FORT WORTH, TX 04/13/2017 – In response to the industry’s issues in the personal lines auto market, DRN’s Picture Proof provides a quick, substantial and positive impact on the combined ratios of a carrier’s auto book.
Studies show high rates of commercial use before it gets to claims. What does it cost carriers to wait? Carriers invest millions in claims technology and processes, so it’s easy to understand why they have so much faith in claims. Here’s where that becomes a problem when carriers believe claims
Did you happen to catch our promotion at AFSA? We left pralines in AFSA attendees hotel rooms along with an invitation for you to “Show Us Your Portfolio.” It’s easy to have fun in the Big Easy but we did get to spend time with lenders and some did show
Add vehicle sighting data to insurance carrier predictive analytic models; you’ll be surprised at what you find out. There is no debating the value of insurance carrier predictive analytics. Property and casualty insurers report that models built from predictive analytics help them to improve business performance. And like any business
Averts losses using vehicle location data for right party contact and faster recoveries. Title lenders serve a market need for under-banked customers, people in a financial crunch that need rapid relief and continued access to transportation. The title lenders we support tell us that it is critically important to maintain
Hint: Our pictures show it’s higher than you think – find fraud, stop fraud. Approximately 20% of all registered personal autos are pickup trucks. So not including the old Econoline vans, new Sprinters, and other types of at-risk vehicles, you know on average that at least 20% of your book
Credit unions seem to have mastered rapid growth and indirect auto lending strategies, but that’s not good enough – they must be better at connecting with customers to collect on those loans. According to the National Credit Union Administration (NCUA), credit unions saw continued growth in the first quarter of 2016
Commercial auto carriers look beyond differentiating to compete including vehicle location data to detect fraud at quote. Once again the commercial auto lines industry is experiencing rising losses. Once again the solution to bad results is to raise everyone’s rates to make up for the losses. Once again good risks
Days past due (DPD) strategy often leads to repo or charge-off: use vehicle location data as the trigger to avert losses. At our lender round-up in February, we heard from 20 of the top auto lenders in the nation. The main takeaway? “All of the lenders are being challenged to