Wednesday, Aug. 19, 2020, 01:03 PM
SubPrime Auto Finance News is collaborating with DRN again to orchestrate a free webinar to help finance companies and recovery professionals prepare for a potential surge in repossessions and other possible operational changes now happening because of COVID-19.
DRN senior vice president business development and client services Stephen Nethery has a trio of takeaways he plans to share during the session, “In a Sea of Vehicle Location Data Without a Paddle,” on tap for 2 p.m. ET on Sept. 1.
Key takeaways attendees can expect from the webinar include:
• Delinquency is not always the end of the road for your customer. Making contact earlier can change the outcome.
• Saving money and reducing headcount, while increasing originations, is what every finance company hopes to achieve. Using the right vehicle location data in the right cycles will help you be successful.
• You can reduce charge offs by 20% or more with the right vehicle location data waterfall.
“Attendees will learn about the uses of vehicle location data and analytics to improve efficiencies in the workplace,” DRN said. “For example, using vehicle location data and analytics can help reduce headcount in collection and recovery groups since auto lenders plan their staff based on delinquency counts.
“In addition, using the right vehicle location data to make right-party contact earlier in the delinquency cycle can help reduce operating expenses,” DRN went on to say.
Attendees can register for the free webinar by going to this website.