REPOSSESSION SERVICES
Experience the Power of DRNsights for your Collateral and Start Maximizing your Collection Efforts
REPOSSESSION SERVICES
A Powerful Data Platform
Make early,
accurate contact
Collecting relies on making contact – early. Our proprietary fusion of license plate recognition and public records data increases the probability of collecting.
Locate hard-to-find
debtors
Get verified business and residential addresses you can’t get anywhere else, driven by actual sightings of vehicles associated with your debtor.
Streamline
Vehicle Recoveries
Make data-driven decisions in your vehicle recovery activities. Prioritize and focus your resources on collectible debts and recoverable assets to reduce charge-offs.
DRNsights
Introducing DRNsights for Collections – the powerful data platform that is transforming the collections industry. With DRNsights, you can evaluate collectability, negotiate payments, and locate debtors and assets faster and more efficiently than ever before.
DRNsights leverages billions of license plate recognition records and integrates public records with patented analytics to create complete debtor stories. This helps you make early, accurate contact, locate hard-to-find debtors, and predict collectability of debt, generating the most return on your investments.
A Powerful Platform for Repossession
110M
More than 110 million Americans currently have at least one active car
7M
About 7 million Americans with active loans are behind on their car payments by 90 days or more
$620B
In 2021, auto loans totaling over $620 billion went into default
2M
Each year, approximately 2 million vehicles in the U.S. are repossessed due to delayed car loan payments.
70%
The repossession rate relative to the number of new car annual purchases is 70%.
$1B
In 2021, auto recovery companies were able to recoup over $1 billion that was returned to banks to re-lend to consumers.
DRNsights for Collections brings highly specialized intelligence to collection agencies across the U.S. Our solutions use a combination of unique vehicle location data captured from billions of real-time license plate sightings, public records and powerful analytics, to help you predict collectability of debt, make contact faster and locate hard-to-find debtors sooner, to generate the most return on your investments.
“The impact has been remarkable. We’re making better decisions sooner, and that means added savings and higher retained collateral value.”
KELLYANN FORREST,
ASSET RECOVERY AND COLLECTIONS SPECIALIST FOR PFCU
Solutions and Services
SKIP TRACE
Every minute spent trying to find an elusive debtor impacts your bottom line. Skip Trace uniquely combine…
Every minute spent trying to find an elusive debtor impacts your bottom line. Skip Trace uniquely combines billions of license plate detections, public records and analytics with your account data to help your team make right-party contact and collect, earlier than you ever thought possible.
RISK SCORING
Receive a detailed report on your portfolio to help gain necessary insights to predict accounts’…
Receive a detailed report on your portfolio to help gain necessary insights to predict accounts’ propensity to skip payments. Proactively adjust account management workflows to increase the odds of keeping the debtor in good standing.
LOSS ALERTS
With Loss Alerts, simply upload your accounts in minutes and control the alerts you want to see…
With Loss Alerts, simply upload your accounts in minutes and control the alerts you want to see by turning them on and off quickly. Alerts can be triggered for vehicles that are impounded, salvaged, stolen or exported.
ACTIVE DUTY ALERTS
Don’t risk compliance issues with the Servicemembers Civil Relief Act (SCRA). Active Duty Alerts protect…
Don’t risk compliance issues with the Servicemembers Civil Relief Act (SCRA). Active Duty Alerts protect lenders from fines and hits to brand reputation as a result of wrongful repossessions and debt collections.
Ready to revolutionize your collections process and increase your bottom line?
Contact us today to learn more about DRNsights for Collections and how it can help you recover up to 35% more vehicles and maximize your collections.