I was part of a webinar hosted by Receivables Information where we talked about how law firms and creditors are using license plate technology to improve their process serving success rates. In particular, Eric Logvin with the Law Office of James R. Vaughan (JRV), and I talked about testing done
Last month I helped wrap up the Weltman, Weinberg & Reis webinar series on auto loan recovery. Weltman is a Cleveland, Ohio-based collections law firm. The first webinar focused on the early stages of auto recovery. You can read my recap and link to the blog replay here. In the
The National Creditors Bar Association (NCBA) held its spring conference in Orlando from May 19th-21st. The NCBA is a bar association serving creditors rights law firms. NCBA members represent collection agencies, debt buyers and sellers, or creditors. I spent time talking with attorneys and other vendors about how DRN’s data
I was happy to be part of a panel discussion – in person! – at the Receivables Management Association International (RMAI) Conference in April in Las Vegas. I was joined by attorney Daniel Consuegra and Shannon Rodden of Premier Forty Financial to discuss the current automotive finance landscape. By far,
As DRN’s License Plate Recognition (LPR) technology has advanced over the last several years, so has the need for lenders to access and use more data than ever before. DRN began introducing LPR into the repo industry in 2008 by launching what is known today as “Live Pick Up”. This
Byrider is one of the nation’s leading used car dealership and finance organizations. One of the key themes from their recent conference centered on the unique state of the buy here pay here (BHPH) market. The combination of stimulus checks and loan deferrals due to COVID-19 has put money in
The buy here pay here (BHPH) market has traditionally relied on GPS to find vehicles with defaulted loans. Unfortunately, it’s become relatively easy for borrowers to tamper with or disengage GPS systems, making them only somewhat effective in tracking down vehicles. This is where license plate recognition (LPR) technology comes
License plate recognition (LPR) technology has been an important tool for the auto finance industry for decades, helping lending, collection, repossession, and insurance professionals track down vehicles and owners. DRN pioneered the unique combination of LPR data paired with powerful analytics to build full vehicle stories to help solve lending,
One of our most innovative clients is a large, Dallas-Fort Worth, Texas-based subprime lender that began using DRNsights in 2019 as part of their collections and repossession processes. They achieved a significant uptick in overall recovery rates because the DRNsights vehicle location data was being taken into consideration at the
The Sooner, the Better: How Risk Scoring Became a Powerful Pre-Repo Tool DRN data has long been used in collections and repossessions to find more vehicles faster. We believed this data could be just as powerful for lenders as they scored loans and considered when to assign a vehicle for
I was part of a webinar hosted by Receivables Information where we talked about how law firms and creditors are using license plate technology to improve their process serving success rates. In particular, Eric Logvin with the Law Office of James R. Vaughan (JRV), and I talked about testing done
Last month I helped wrap up the Weltman, Weinberg & Reis webinar series on auto loan recovery. Weltman is a Cleveland, Ohio-based collections law firm. The first webinar focused on the early stages of auto recovery. You can read my recap and link to the blog replay here. In the
The National Creditors Bar Association (NCBA) held its spring conference in Orlando from May 19th-21st. The NCBA is a bar association serving creditors rights law firms. NCBA members represent collection agencies, debt buyers and sellers, or creditors. I spent time talking with attorneys and other vendors about how DRN’s data
I was happy to be part of a panel discussion – in person! – at the Receivables Management Association International (RMAI) Conference in April in Las Vegas. I was joined by attorney Daniel Consuegra and Shannon Rodden of Premier Forty Financial to discuss the current automotive finance landscape. By far,
As DRN’s License Plate Recognition (LPR) technology has advanced over the last several years, so has the need for lenders to access and use more data than ever before. DRN began introducing LPR into the repo industry in 2008 by launching what is known today as “Live Pick Up”. This
Byrider is one of the nation’s leading used car dealership and finance organizations. One of the key themes from their recent conference centered on the unique state of the buy here pay here (BHPH) market. The combination of stimulus checks and loan deferrals due to COVID-19 has put money in
The buy here pay here (BHPH) market has traditionally relied on GPS to find vehicles with defaulted loans. Unfortunately, it’s become relatively easy for borrowers to tamper with or disengage GPS systems, making them only somewhat effective in tracking down vehicles. This is where license plate recognition (LPR) technology comes
License plate recognition (LPR) technology has been an important tool for the auto finance industry for decades, helping lending, collection, repossession, and insurance professionals track down vehicles and owners. DRN pioneered the unique combination of LPR data paired with powerful analytics to build full vehicle stories to help solve lending,
One of our most innovative clients is a large, Dallas-Fort Worth, Texas-based subprime lender that began using DRNsights in 2019 as part of their collections and repossession processes. They achieved a significant uptick in overall recovery rates because the DRNsights vehicle location data was being taken into consideration at the
The Sooner, the Better: How Risk Scoring Became a Powerful Pre-Repo Tool DRN data has long been used in collections and repossessions to find more vehicles faster. We believed this data could be just as powerful for lenders as they scored loans and considered when to assign a vehicle for