Even with our strong economy, delinquencies remain an issue despite seeing high prime and subprime recoveries. Still, increased vehicle demand does not equal increased profit. Solution: Throw Data at it. Lots of it. Longer loan terms driven by higher vehicle prices and loan payments present a challenge. You can’t afford
Company adds the Client Services Unit, new hires and promotes from within to meet the needs of its fast-growing FinTech Division FORT WORTH, TX – SEPTEMBER 24, 2018 – Digital Recognition Network (DRN), an AI and data analytics company that provides vehicle location data and analytics to auto lenders, insurance
Alternative data’s impact on the automotive industry is heating up Last month, DRN’s FinTech team attended the first annual Automotive Intelligence Summit (AIS), where we were also a proud sponsor of the event. The conference centered around technology and its effect on the automotive industry, bringing together professionals within the
Sign up for DRN’s free VIN test and get vehicle location sightings on 10 VINs Many Buy Here Pay Here (BHPH) dealers would agree that the biggest challenge they face is vehicle recovery. While many are turning to GPS devices to help them recover these vehicles, the device is not
Every carrier’s book of business is filled with fraud. There are often easy hints that can be used to identify them. To my surprise, carriers often overlook these red flags, which ends up costing them in the long run. So, what are the “overlooked” identifiers? They’re the well-known, easy to
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
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
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
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
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
Even with our strong economy, delinquencies remain an issue despite seeing high prime and subprime recoveries. Still, increased vehicle demand does not equal increased profit. Solution: Throw Data at it. Lots of it. Longer loan terms driven by higher vehicle prices and loan payments present a challenge. You can’t afford
Company adds the Client Services Unit, new hires and promotes from within to meet the needs of its fast-growing FinTech Division FORT WORTH, TX – SEPTEMBER 24, 2018 – Digital Recognition Network (DRN), an AI and data analytics company that provides vehicle location data and analytics to auto lenders, insurance
Alternative data’s impact on the automotive industry is heating up Last month, DRN’s FinTech team attended the first annual Automotive Intelligence Summit (AIS), where we were also a proud sponsor of the event. The conference centered around technology and its effect on the automotive industry, bringing together professionals within the
Sign up for DRN’s free VIN test and get vehicle location sightings on 10 VINs Many Buy Here Pay Here (BHPH) dealers would agree that the biggest challenge they face is vehicle recovery. While many are turning to GPS devices to help them recover these vehicles, the device is not
Every carrier’s book of business is filled with fraud. There are often easy hints that can be used to identify them. To my surprise, carriers often overlook these red flags, which ends up costing them in the long run. So, what are the “overlooked” identifiers? They’re the well-known, easy to
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
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
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
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
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
Our experts can help you buy LPR cameras, choose the right data solutions, and provide no-obligation pricing.