The auto lending market is feeling the strain. Loan balances in the U.S. have climbed to $1.66 trillion*, and delinquencies are on the rise. Most lenders are used to dealing with missed payments or charge-offs, but there’s a newer problem creating even bigger headaches: bust-out fraud. Bust-out fraud may look
Introduction: License Plate Recognition (LPR) technology has become a vital tool in various industries, ranging from insurance fraud detection, repossession, vehicle safety recalls, opt-in commercial marketing, retail crime prevention and beyond. This revolutionary technology uses AI to read and analyze plate information. LPR recognition technology is an innovative tool that,
As the leading provider of vehicle location data and analytics, we at Digital Recognition Network (DRN) are excited to announce our newest partnership with The Loss Prevention Foundation (LPF) as their Bachelor Level Partner. Through this partnership, we will be able to provide LPQ and LPC certification course scholarships and
UCW has become a Great meeting place for agencies, lenders and partners, and this year’s event in San Diego was no exception. It was valuable time spent with our DRN affiliates and many other repossession Agencies talking about what’s happening in the industry – especially related to inflation, low recovery
Auto insurers lose at least $29 billion a year, according to a 2017 study by Verisk, to premium leakage, the “omitted or misstated underwriting information that leads to inaccurate rates.”* Add in the cost of fraudulent claims and the costs grow even larger, up to $40 billion annually. We’re excited
Questions Q: What do you like the most about working here? A: The best aspects of working here at DRN are being able to ease people’s workloads, help business areas perform better, and the people that work here at DRN. Q: What does your job entail? A: I warehouse data for
Questions Q: What do you like the most about working here? A: The challenges and learning opportunities that come with rolling out new products. Q: What is your current role at DRN? A: I’m currently a business data analyst here at DRN. Q: What does your job entail? A: I utilize data to provide insights and
We had the chance to attend the 2021 Ally Challenge, a one-of-a-kind golf event at the historic Warwick Hills Golf & Country Club in Grand Blanc, Michigan. The Ally Challenge is an official event on the PGA TOUR Champions and benefits local charities. Ally Financial is a leading digital financial
Questions Q: What is your current role at DRN? A: My current role at DRN is a strategic account manager. Q: What does your job entail? A: My job entails that I build mutually beneficial relationships between DRN and our key customers. This also includes building trust by focusing on value to develop and
Questions Q: What do you like the most about working here? A: Community and Unity – I appreciate the family-oriented working environment and the fact that we have a good sense of unity within our community. We celebrate each other’s accomplishments whether it’s professional or personal. By having this sense of
The auto lending market is feeling the strain. Loan balances in the U.S. have climbed to $1.66 trillion*, and delinquencies are on the rise. Most lenders are used to dealing with missed payments or charge-offs, but there’s a newer problem creating even bigger headaches: bust-out fraud. Bust-out fraud may look
Introduction: License Plate Recognition (LPR) technology has become a vital tool in various industries, ranging from insurance fraud detection, repossession, vehicle safety recalls, opt-in commercial marketing, retail crime prevention and beyond. This revolutionary technology uses AI to read and analyze plate information. LPR recognition technology is an innovative tool that,
As the leading provider of vehicle location data and analytics, we at Digital Recognition Network (DRN) are excited to announce our newest partnership with The Loss Prevention Foundation (LPF) as their Bachelor Level Partner. Through this partnership, we will be able to provide LPQ and LPC certification course scholarships and
UCW has become a Great meeting place for agencies, lenders and partners, and this year’s event in San Diego was no exception. It was valuable time spent with our DRN affiliates and many other repossession Agencies talking about what’s happening in the industry – especially related to inflation, low recovery
Auto insurers lose at least $29 billion a year, according to a 2017 study by Verisk, to premium leakage, the “omitted or misstated underwriting information that leads to inaccurate rates.”* Add in the cost of fraudulent claims and the costs grow even larger, up to $40 billion annually. We’re excited
Questions Q: What do you like the most about working here? A: The best aspects of working here at DRN are being able to ease people’s workloads, help business areas perform better, and the people that work here at DRN. Q: What does your job entail? A: I warehouse data for
Questions Q: What do you like the most about working here? A: The challenges and learning opportunities that come with rolling out new products. Q: What is your current role at DRN? A: I’m currently a business data analyst here at DRN. Q: What does your job entail? A: I utilize data to provide insights and
We had the chance to attend the 2021 Ally Challenge, a one-of-a-kind golf event at the historic Warwick Hills Golf & Country Club in Grand Blanc, Michigan. The Ally Challenge is an official event on the PGA TOUR Champions and benefits local charities. Ally Financial is a leading digital financial
Questions Q: What is your current role at DRN? A: My current role at DRN is a strategic account manager. Q: What does your job entail? A: My job entails that I build mutually beneficial relationships between DRN and our key customers. This also includes building trust by focusing on value to develop and
Questions Q: What do you like the most about working here? A: Community and Unity – I appreciate the family-oriented working environment and the fact that we have a good sense of unity within our community. We celebrate each other’s accomplishments whether it’s professional or personal. By having this sense of