DRN Issues Statement on LPR Staging

GUEST EDITORIAL

From Jeremiah 

There’s been a lot of discussion in the industry recently about LPR staging and the best timing to initiate it. I’d like to share my perspective on this important topic. Recovery agents who \receive first-placement assignments directly from lenders are among those most impacted by this issue. These direct assignments are critical to their operations, helping them offset the thinner margins they face with non-direct volume. While it’s not our place to dictate how lenders, forwarders, or agents should run their businesses, we strive to foster a balanced dialogue that benefits everyone involved.

That said, we recognize that only 12% of our active agents work with direct lenders, and the other 88% that do not are fine with staging happening at any point in the cycle. For them, the LPR process creates opportunities they might not otherwise have. Our goal isn’t to pick sides but to facilitate meaningful conversations between lenders, agents, and forwarders to find solutions that work for all parties.

Moving forward, we’ll be engaging in these discussions with a clear priority: ensuring the safety of agents and we hope that others will join us, driving towards this common goal.

– Jeremiah Wheeler,

President DRN | MVTRAC | SCM

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