In today’s market, the recovery gap is where revenue goes to die. With vehicle assets moving across state lines in hours and delinquencies hitting historic peaks, lenders can no longer afford to rely on 60-day-old credit headers and manual assignments. https://vimeo.com/1167558062?share=copy&fl=sv&fe=ci The Solution: A Unified Front For the first time,
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
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
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: 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
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 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
We’re proud of our strong affiliate partnerships and understand the strains repossession agents are under as we continue working through impacts of the pandemic. That’s why we’ve decided to up the ante with our Elevate the Agent (ETA) program and raise our award levels for 2023. ETA rewards agents for
In today’s market, the recovery gap is where revenue goes to die. With vehicle assets moving across state lines in hours and delinquencies hitting historic peaks, lenders can no longer afford to rely on 60-day-old credit headers and manual assignments. https://vimeo.com/1167558062?share=copy&fl=sv&fe=ci The Solution: A Unified Front For the first time,
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
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
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: 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
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 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
We’re proud of our strong affiliate partnerships and understand the strains repossession agents are under as we continue working through impacts of the pandemic. That’s why we’ve decided to up the ante with our Elevate the Agent (ETA) program and raise our award levels for 2023. ETA rewards agents for