Consolidated Asset Recovery Systems and DRN Join Forces to Provide License Plate Recognition-enabled Recovery Services to the Auto Lending Market

The alliance enables the companies to provide auto lenders faster and more efficient recoveries, helping them to drive increases in recovery rates and mitigate losses

Fort Worth, TX – 7 November 2018 – Consolidated Asset Recovery Systems (Consolidated) – a leading provider of software and services for repossession management and remarketing – and Digital Recognition Network (DRN) – an AI and data analytics company that provides vehicle location data and analytics to auto lenders, insurance carriers and other commercial verticals – today announced the companies have entered into an agreement to provide license plate recognition (LPR)-enabled repossession management services to the auto lending industry. The agreement combines the power of DRN’s LPR data and analytics with the strength of Consolidated’s network of repossession agencies, enabling the companies to provide the auto lending market faster and more efficient recoveries.