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
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
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
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
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
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
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
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