Protected: Introducing the Flexible Subscription Service | VB400 Coming Soon
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How a National Auto Insurer Uses Vehicle Intelligence to Strengthen Claims Accuracy and Fight Fraud
Auto insurance claims are becoming more complex, more costly, and more exposed to fraud. Higher vehicle values, increasingly sophisticated fraud tactics, and inconsistent verification methods have placed added pressure on claims and SIU teams to make faster and more defensible decisions. For a large national auto insurer, gaining clearer visibility
DRN’s MVR Solution Integrates Loanbridge Data to Expand Impound Monitoring
DRN’s Monitoring, Verification, and Recovery (MVR) program, powered by DRN MVTRAC and SCM, is the industry’s first full-spectrum loss mitigation solution, combining real-time data, automated workflows, and nationwide recovery expertise. Today, it becomes even stronger. Loanbridge data is now integrated into MVR, starting with Impound Monitoring, to expand coverage and
Bust-Out Fraud: The Hidden Threat to Auto Lenders
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
Introducing MVR: Transforming Vehicle Asset Recovery for Lenders and Credit Unions
In the financial landscape, lenders and credit unions face significant challenges when vehicles used as collateral are not promptly recovered. Delays in asset recovery can lead to escalating impound fees, rapid depreciation, and increased compliance risks. Recognizing these challenges, MVR offers a comprehensive solution designed to streamline the recovery process,
Introduction to License Plate Recognition
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,
DRN Joins Forces with LPF to Advance Loss Prevention Education and Innovation
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
Taking Elevate the Agent to New Heights
DRN prides itself on our strong partnerships with our affiliates. Without them, the continuous stream of license plate recognition (LPR) scans that fuel the auto recovery industry runs dry. Our affiliate team focuses time and effort on building relationships with our agents to ensure they have the technology, resources and service they need.
UCW Recap: Repo Agents Talk Challenges But Keep Positive Outlook for Future
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
New: DRNsights for Insurance
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
Uncategorized Blog
Protected: Introducing the Flexible Subscription Service | VB400 Coming Soon
There is no excerpt because this is a protected post.
How a National Auto Insurer Uses Vehicle Intelligence to Strengthen Claims Accuracy and Fight Fraud
Auto insurance claims are becoming more complex, more costly, and more exposed to fraud. Higher vehicle values, increasingly sophisticated fraud tactics, and inconsistent verification methods have placed added pressure on claims and SIU teams to make faster and more defensible decisions. For a large national auto insurer, gaining clearer visibility
DRN’s MVR Solution Integrates Loanbridge Data to Expand Impound Monitoring
DRN’s Monitoring, Verification, and Recovery (MVR) program, powered by DRN MVTRAC and SCM, is the industry’s first full-spectrum loss mitigation solution, combining real-time data, automated workflows, and nationwide recovery expertise. Today, it becomes even stronger. Loanbridge data is now integrated into MVR, starting with Impound Monitoring, to expand coverage and
Bust-Out Fraud: The Hidden Threat to Auto Lenders
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
Introducing MVR: Transforming Vehicle Asset Recovery for Lenders and Credit Unions
In the financial landscape, lenders and credit unions face significant challenges when vehicles used as collateral are not promptly recovered. Delays in asset recovery can lead to escalating impound fees, rapid depreciation, and increased compliance risks. Recognizing these challenges, MVR offers a comprehensive solution designed to streamline the recovery process,
Introduction to License Plate Recognition
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,
DRN Joins Forces with LPF to Advance Loss Prevention Education and Innovation
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
Taking Elevate the Agent to New Heights
DRN prides itself on our strong partnerships with our affiliates. Without them, the continuous stream of license plate recognition (LPR) scans that fuel the auto recovery industry runs dry. Our affiliate team focuses time and effort on building relationships with our agents to ensure they have the technology, resources and service they need.
UCW Recap: Repo Agents Talk Challenges But Keep Positive Outlook for Future
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
New: DRNsights for Insurance
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