In today’s market, the recovery gap is where revenue goes to die. With vehicle assets moving across state lines in hours and delinquencies hitting historic peaks, lenders can no longer afford to rely on 60-day-old credit headers and manual assignments. https://vimeo.com/1167558062?share=copy&fl=sv&fe=ci The Solution: A Unified Front For the first time,
In auto finance loss mitigation, outcomes are decided by visibility and speed. Lenders are under constant pressure to locate collateral sooner, verify its condition faster, and recover it before storage fees and depreciation erode value. Yet impound discovery has traditionally been slow, manual, and paper-driven, creating delays that drive avoidable
As the Presenting Sponsor of Used Car Week 2025, DRN, MVTRAC, and SCM are leading the conversation on the future of data, recovery, and technology in the automotive finance industry. From the main stage to the exhibit floor, we are bringing powerful insights, cutting-edge solutions, and live demonstrations that showcase
DRN’s Monitoring, Verification, and Recovery (MVR) program, powered by DRN MVTRAC and SCM, is the industry’s first full-spectrum loss mitigation solution, combining real-time data, automated workflows, and nationwide recovery expertise. Today, it becomes even stronger. Loanbridge data is now integrated into MVR, starting with Impound Monitoring, to expand coverage and
The auto lending market is feeling the strain. Loan balances in the U.S. have climbed to $1.66 trillion*, and delinquencies are on the rise. Most lenders are used to dealing with missed payments or charge-offs, but there’s a newer problem creating even bigger headaches: bust-out fraud. Bust-out fraud may look
The lending industry is facing challenges unlike anything we have seen in years. Auto loan balances have reached a record $1.66 trillion*, and with delinquencies rising sharply, lenders are under intense pressure to protect their portfolios. More than 3 million vehicles are projected to be repossessed in 2025, and below-prime
In the financial landscape, lenders and credit unions face significant challenges when vehicles used as collateral are not promptly recovered. Delays in asset recovery can lead to escalating impound fees, rapid depreciation, and increased compliance risks. Recognizing these challenges, MVR offers a comprehensive solution designed to streamline the recovery process,
Introduction Approximately 70 million Americans have debt in collections – and roughly only 20% of that debt is recovered. Mitigating risks and staying on top of delinquent accounts is more critical than ever before in the debt collections industry. License Plate Recognition Technology is an OCR “Optical Character Recognition” technology
Introduction The National Auto Finance Association’s or NAF’s Non-prime Auto Finance Conference 2023 serves as a valuable educational platform for lenders, recovery service providers, and the auto industry as a whole. While it encompasses a wide range of topics, its focus extends beyond delinquency management to cover various aspects of
DRN was happy to join Used Car Week again this year … this time in sunny San Diego. The event brings together all aspects of the used car industry and is a great opportunity to learn about current trends, discuss what’s ahead, network and enjoy time with colleagues and partners.
In today’s market, the recovery gap is where revenue goes to die. With vehicle assets moving across state lines in hours and delinquencies hitting historic peaks, lenders can no longer afford to rely on 60-day-old credit headers and manual assignments. https://vimeo.com/1167558062?share=copy&fl=sv&fe=ci The Solution: A Unified Front For the first time,
In auto finance loss mitigation, outcomes are decided by visibility and speed. Lenders are under constant pressure to locate collateral sooner, verify its condition faster, and recover it before storage fees and depreciation erode value. Yet impound discovery has traditionally been slow, manual, and paper-driven, creating delays that drive avoidable
As the Presenting Sponsor of Used Car Week 2025, DRN, MVTRAC, and SCM are leading the conversation on the future of data, recovery, and technology in the automotive finance industry. From the main stage to the exhibit floor, we are bringing powerful insights, cutting-edge solutions, and live demonstrations that showcase
DRN’s Monitoring, Verification, and Recovery (MVR) program, powered by DRN MVTRAC and SCM, is the industry’s first full-spectrum loss mitigation solution, combining real-time data, automated workflows, and nationwide recovery expertise. Today, it becomes even stronger. Loanbridge data is now integrated into MVR, starting with Impound Monitoring, to expand coverage and
The auto lending market is feeling the strain. Loan balances in the U.S. have climbed to $1.66 trillion*, and delinquencies are on the rise. Most lenders are used to dealing with missed payments or charge-offs, but there’s a newer problem creating even bigger headaches: bust-out fraud. Bust-out fraud may look
The lending industry is facing challenges unlike anything we have seen in years. Auto loan balances have reached a record $1.66 trillion*, and with delinquencies rising sharply, lenders are under intense pressure to protect their portfolios. More than 3 million vehicles are projected to be repossessed in 2025, and below-prime
In the financial landscape, lenders and credit unions face significant challenges when vehicles used as collateral are not promptly recovered. Delays in asset recovery can lead to escalating impound fees, rapid depreciation, and increased compliance risks. Recognizing these challenges, MVR offers a comprehensive solution designed to streamline the recovery process,
Introduction Approximately 70 million Americans have debt in collections – and roughly only 20% of that debt is recovered. Mitigating risks and staying on top of delinquent accounts is more critical than ever before in the debt collections industry. License Plate Recognition Technology is an OCR “Optical Character Recognition” technology
Introduction The National Auto Finance Association’s or NAF’s Non-prime Auto Finance Conference 2023 serves as a valuable educational platform for lenders, recovery service providers, and the auto industry as a whole. While it encompasses a wide range of topics, its focus extends beyond delinquency management to cover various aspects of
DRN was happy to join Used Car Week again this year … this time in sunny San Diego. The event brings together all aspects of the used car industry and is a great opportunity to learn about current trends, discuss what’s ahead, network and enjoy time with colleagues and partners.