ACTIVE DUTY
How do I know if my debtor is Active Duty? I don't want to be non-compliant.
Use Active Duty Alerts to confirm Active Duty status with automatic compliance.
LOSS ALERTS
How can I avoid extra fees by learning when a car in my portfolio is impounded?
Loss alerts monitors your entire vehicle portfolio for impounds helping you avoid delayed notifications and unwarranted fees.
VEHICLE SEARCH
Do you have vehicle loans with delinquencies greater than 30 days past due?
Vehicle Search builds a history vehicle locations using individual or clustered sightings and notifications on new sightings. Also provides vehicle sighting historical data and relevant addresses.
SKIP TRACE
Your debtor's loan is 90 days past due, what are your options?
Skip Trace locates debtors using location history and public records. Produces email address, phone number and location addresses that can be used in contacting the debtor.
FORWARDING
How can I reduce the time and fees associated with impounds?
Forwarding sends a repossession assignment to a vendor who can quickly and efficiently retrieve the vehicle. MVTrac has affiliates nationwide who can handle forwarding assignments.
LPR STAGING
We have data on the vehicle but need help locating it. Can you assign someone to our account who can search nationwide?
LPR Staging elevates a vehicle search to the nationwide level for a period of 15 days. Uses vehicle sighting history and alerts to monitor new license plate scans.
SKIP TO REPO
The vehicle is now 75 days past due and we need more help finding it. What's the next step?
Skip to Repo takes LPR Staging to the next level by adding an account manager who will oversee the process and work the account for you to help avoid charge-offs.
DEEP SKIP
A very high-end vehicle is at 90+ days past due and very difficult to find. What resources are available to take the skip tracing up a notch?
Deep Skip is the most extensive level of skip tracing available. In addition to vehicle sighting data, historical sightings, and public records this level of research involves bankruptcy platforms, private investigators, legal resources and more.
DRN: Data Collection and Analytics
Using a nationwide network of mobile-mounted cameras, DRN uses license plate recognition (LPR) to capture publicly visible and available license plates. By appending the plate photos, image location and date and time documented, DRN provides a database to reference historical vehicle locations during skip tracing. We take that data along with public records and use our exclusive analytics platform to build the stories of where vehicles have been and where they might go – helping users solve portfolio management, collections and recovery challenges. This way you can originate and cure more loans, avoid more charge-offs and grow your bottom line.
MVTRAC: Forwarding and Repossession
With unique access to DRN’s data, MVTRAC enters the process when you have to make the hard decision to repossess. While other forwarders may also use DRN data, MVTRAC gets it first – creating a significant competitive advantage. Our data, in combination with their extensive agent network and features like Smart Assign, accelerate the assignment process by validating vehicle locations and determining the closest, most qualified and pre-approved agent to assign directly for recovery. And with their one-of-a-kind Case Claim capability, vehicles are repossessed quickly and compliantly every time.
Services more than 70% of the automotive finance industry
Increases pre-charge off recoveries by ≈ 15% for Smart Assign users