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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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DRN Discusses Location Data Trends Ahead of Virtual AIS

DRN’s Jeremiah Wheeler, EVP and General Manager, joined a recent discussion on the Auto Remarketing Podcast. Jeremiah provided perspective on how the COVID-19 pandemic has affected location data gathering and how DRN had to quickly shift its strategy and processes to maintain the volume of data needed to meet ongoing

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How DRN Can Power Your Post-Pandemic Reopen Strategy

As our nation begins to move slowly toward recovery from the COVID-19 shutdown, businesses are shifting their focus from the financial and other implications of temporary closures. The new focus is on developing “Reopen Strategies” that will allow our industry to slowly push toward normalcy. DRNsights data can play a

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Webinar Recap: Lenders Navigating COVID-19

DRN hosted a webinar in April to share perspectives from the vehicle finance industry about how the current COVID-19 environment is changing how they do business.  We heard from Jan Stieger, Executive Director of the Receivables Management Association International (RMA Intl.), a receivables trade association. Jan discussed that the COVID-19

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DRN Statement on Coronavirus (COVID-19) Response Preparedness

DRN continues to closely monitor the widespread impact of the coronavirus (COVID-19) pandemic. The safety and well-being of our employees, customers, partners and suppliers remain our top priority. Additionally, we are committed more than ever to supporting the critical communications, safety and security needs of our public safety and enterprise

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How Are You Staying Compliant with Active Duty Servicemembers

New OSA Report Cites Complaints Against Auto Lenders from Servicemembers The Office of Servicemember Affairs (OSA) recently released their 2018 Annual Report, which details complaints that have been submitted by servicemembers throughout the year. According to the report, there have been many complaints received about vehicle loans, which included: Late

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Find DRN at Used Car Week 2019

Get the scoop on must-see and do UCW events. The air is getting colder. The leaves are changing colors. It must be that time of year again – Used Car Week! DRN is heading back to the conference and we’re bringing favorite sessions like the Annual Peer to Peer event

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Partner Profile: American Recovery Service (ARS)

DRN and ARS Celebrate History of Partnership and Innovation About American Recovery Service American Recovery Service (ARS) provides a powerful and effective LPR service solution and is known for having developed the original LPR staging model for the recovery industry.  Celebrating their 25th anniversary this year, ARS continues to carry

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Partner Profile: Victory Recovery Services

Partner Name: Victory Recovery Services Years as Partners: 10 Years Location: Buford, Georgia About Victory Recovery Founded in 1989, Victory Recovery Services was one of the first skip tracing companies at the time. The company now offers a forwarding model but still remains true to its roots by offering skip

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Lenders Speak Up at UCW Roundtable, Revealing Top Challenges

DRN hosted 30 lenders at Used Car Week 2018 for the 2nd Annual Peer-to-Peer Excellence in Risk Management Roundtable. Lenders opened up in this face-to-face forum about the real issues that keep them up at night and here’s what they said. Look for an upcoming in-depth report recapping the Peer-to-Peer

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