Digital Recognition Network is the only asset location company that combines proprietary license plate recognition (LPR) technology, a national network of LPR camera equipped vehicles, and integration with repossession software companies to create an asset location solution designed specifically for automotive lenders, insurers, and recovery agents. To date, DRN has located vehicles for over 230 automotive lenders, including several of the nation’s leading lending institutions.

Results That Speak For Themselves

In June 2008, DRN met with the CEO of a top ten national auto lender. Thirty days later an agreement was reached to conduct a limited pilot program to test the effectiveness of DRN’s platform of technology and services. The lender gave DRN a portfolio of 3,750 cars and 90 days to deliver results.

After 90 days, DRN had located 212 vehicles with an estimated value of more than $1.6 million.

The client was so impressed with the results that they have now entered into a permanent contract pre-authorizing the purchase of all DRN vehicle locate data. This forward-thinking lender is now receiving vehicle locate data on a daily basis and has significantly narrowed the gap between vehicles lost and vehicles found.

Interested in becoming a client? Contact Jay Newman today to learn more.

Results That Speak For Themselves

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