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Latest Post: Collections

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How to Mitigate Risk and Reduce Delinquencies with DRN’s LPR Data

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 that

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Presentation Recap: RMAI Conference

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,

Read More »

Bridging the Gap: How LPR Can Work for BHPH Dealers

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

Read More »

It’s Not Just for Auto Loans: How LPR Is Useful with Unsecured Debt

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,

Read More »

Everything is bigger in Texas, even Risk Scoring

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

Read More »

Collections Blog

pexels photo 4968382

How to Mitigate Risk and Reduce Delinquencies with DRN’s LPR Data

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 that

Read More »
Show conference

Presentation Recap: RMAI Conference

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,

Read More »

Bridging the Gap: How LPR Can Work for BHPH Dealers

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

Read More »

It’s Not Just for Auto Loans: How LPR Is Useful with Unsecured Debt

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,

Read More »

Everything is bigger in Texas, even Risk Scoring

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

Read More »