In partnering with DRN, we’re taking those services one step further by providing additional opportunities for our Agents to increase revenue, and for Lenders to decrease costs with the use of DRN’s exciting new technology.
Phoenix, AZ (PRWEB) July 21, 2010
MBSi Capital Corporation today announced that it has successfully finalized its Phase II integration with Digital Recognition Network (DRN), the leading provider of License Plate Recognition technology (LPR).
The previously completed Phase I initiative enables Re-Pros users to take full advantage of DRN’s LPR platform making it possible for Re-Pros agents to have all of their open accounts searched for by DRN’s network of over 1,000 mobile LPR Cameras across the country. In addition to improving their efficiencies and recovery rates, Re-Pros users also have the opportunity to participate in DRN’s LPR2.0 /Locate, Pickup, Real-Time program, which allows for the real time recovery of wanted vehicles located by DRN’s affiliates. The newly finalized Phase II initiative enables Re-Pros users and iRepo Lenders the ability to review and purchase historical hits.
With an increased number of repossessions due to the economic slowdown, coupled with a need for added operational efficiencies, both lenders and agents are looking for new avenues for locating assets in a timely and efficient manner. MBSi Capital has been an innovator in bringing new solutions to the recovery industry and has established partnerships with leading companies such as DRN to provide agents with another channel for improving repossession rates and increasing revenue.
As a result of this partnership, recovery agents and finance companies can now seamlessly review and purchase historical hits. The combined solution features two innovative technology platforms that allow agents and lenders to manage assignments using one of MBSi’s repossession assignment management solutions while taking advantage of the seamless integration with DRN’s cutting-edge LPR technology. Recovery agents using both Re-Pros and DRN will benefit from the ability to offer broader services to their customers.
“MBSi has been a leading provider of online distribution management systems to both Agents and Lenders for several years,” said John Rhodes, President, MBSi Capital Corporation. “In partnering with DRN, we’re taking those services one step further by providing additional opportunities for our Agents to increase revenue, and for Lenders to decrease costs with the use of DRN’s exciting new technology.”
About MBSi Capital Corp.
MBSi Capital Corp. was formed in 2003 to provide lenders with an easy-to-use, e-commerce solution for repossession assignment distribution and management. With the absence of a reliable, stable and properly engineered assignment distribution solution, MBSi embarked on the development of iRepo. Our company is comprised of a team of technology and repossession industry experts dedicated to increased profitability and efficiency for your operation. We bring together broad industry experience and in-depth technical skills regarding complex data synchronization, industry domain expertise and e-commerce solutions.
Through our understanding of the repossession industry it is our goal to build trusted business relationships with our clients. Our unique blend of integrity, technical sophistication and professional competency ensures that we continually exceed client expectations and earn their trust. Our singular focus is to develop and deploy innovative solutions for the lender community that increase efficiency, productivity and improve the bottom-line. Our commitment to our customers is to offer the best solution and the best service.
About Digital Recognition Network
Digital Recognition Network (DRN) combines proprietary license plate recognition (LPR) technology, a national network of DRNAffiliates™ operating over 1,000 mobile LPR Cameras across the country, integration with repossession software companies, and a new generation of services like LPR2.0 / Locate, Pickup, Real-Time to serve the needs of over 230 lenders in the United States, including 8 of the top 10 automotive loan originators. With 24/7 coverage in the top 200 MMAs, DRN is able to identify hundreds of cars on a daily basis culled from a database of over 3 million repossession orders. To date, DRN has located more than $350 million in targeted vehicles.
2301 W. Dunlap Ave. Ste. 207
Phoenix, AZ 85021
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