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
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
If you had to pick one word to sum up the driving force behind the best originating creditors, debt buyers and collection agencies, it would be: compliance. Complying with best practices that meet and often exceed state and federal consumer protections laws is good for both consumers and the debt
Did you know that the term “light-bulb moment” is listed in the Oxford Dictionary? The term is defined as: A moment of sudden realization, enlightenment, or inspiration. And just recently, while attending the Collections and Recovery Solutions conference, we visited with a lender that had one such moment. As we
The Facts Don’t Lie Like most B2B businesses, DRN solves problems for our customers. And by solving these problems, we do more than just drive revenue and results, we create a bigger impact. That impact touches anyone that drives a car and has an insurance policy. Our data and analytics
The rise in subprime delinquencies and charge-offs hits lenders’ bottom line but vehicle location data and analytics is putting lenders on the right track. Over the past year, we have been sounding the alarm with lenders – warning them that mounting delinquencies and charge-offs would impact revenues and ultimately devalue
How the “riskiest of the risky” auto loan portfolios become a lot more attractive with collectability insights powered by vehicle location data. I recently spoke on a technology and operations panel at the Debt Buyer’s Association annual conference in Las Vegas. The debt buyers in the audience shared two major
Last month in Fort Worth, DRN gathered 20 executives from the top auto lenders across the country for the second annual DRN Lender Roundtable. And while lenders also enjoyed a night out at the rodeo watching the country’s top bull riders, the issues competitive issues facing the lenders are no
Diversify your portfolio with auto debt using vehicle location data for collectability. By Stephen Nethery Auto debt doesn’t rank high on most Debt Buyers scorecards. But what many don’t realize is that they may be missing out on collectable portfolios that can drive results and revenue. Why does auto debt
Could the secret to better returns on your auto loan portfolios be a “to-don’t” list? As the year comes to a close, we often write our list of resolutions for the New Year. We decided to change it up and give you a “what not to do” list instead. Here
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
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
If you had to pick one word to sum up the driving force behind the best originating creditors, debt buyers and collection agencies, it would be: compliance. Complying with best practices that meet and often exceed state and federal consumer protections laws is good for both consumers and the debt
Did you know that the term “light-bulb moment” is listed in the Oxford Dictionary? The term is defined as: A moment of sudden realization, enlightenment, or inspiration. And just recently, while attending the Collections and Recovery Solutions conference, we visited with a lender that had one such moment. As we
The Facts Don’t Lie Like most B2B businesses, DRN solves problems for our customers. And by solving these problems, we do more than just drive revenue and results, we create a bigger impact. That impact touches anyone that drives a car and has an insurance policy. Our data and analytics
The rise in subprime delinquencies and charge-offs hits lenders’ bottom line but vehicle location data and analytics is putting lenders on the right track. Over the past year, we have been sounding the alarm with lenders – warning them that mounting delinquencies and charge-offs would impact revenues and ultimately devalue
How the “riskiest of the risky” auto loan portfolios become a lot more attractive with collectability insights powered by vehicle location data. I recently spoke on a technology and operations panel at the Debt Buyer’s Association annual conference in Las Vegas. The debt buyers in the audience shared two major
Last month in Fort Worth, DRN gathered 20 executives from the top auto lenders across the country for the second annual DRN Lender Roundtable. And while lenders also enjoyed a night out at the rodeo watching the country’s top bull riders, the issues competitive issues facing the lenders are no
Diversify your portfolio with auto debt using vehicle location data for collectability. By Stephen Nethery Auto debt doesn’t rank high on most Debt Buyers scorecards. But what many don’t realize is that they may be missing out on collectable portfolios that can drive results and revenue. Why does auto debt
Could the secret to better returns on your auto loan portfolios be a “to-don’t” list? As the year comes to a close, we often write our list of resolutions for the New Year. We decided to change it up and give you a “what not to do” list instead. Here
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