The Power of Connected Intelligence
In the fast-paced world of auto finance loss mitigation, visibility and speed are non-negotiable. The outdated, paper-driven process for managing impound alerts is a significant pain point. The process is slow, manual, and directly contributes to avoidable losses from accumulating storage fees and rapid asset depreciation.
At MVTRAC, we recognize that true innovation requires a unified approach. That’s why we’ve joined forces with industry leaders DRN and SCM to create a powerful single recovery ecosystem, delivering comprehensive solutions from detection to coordinated recovery.
The Tri-brand Announces New Podcast and Partnership with Loanbridge
We are excited to announce a strategic partnership with Loanbridge to deliver a new end-to-end path for resolving impounds faster than ever before. This collaboration integrates Loanbridge’s intelligence directly into our Monitor, Verify, Recover (MVR) solution, setting a new standard for efficiency and asset protection.
By utilizing the Tri-brand’s MVR framework enhanced by Loanbridge, lenders gain an immediate advantage:
- Faster Detection: Earlier, Real-Time Alerts. Say goodbye to slow, mail-based systems. Our integrated solution, featuring DRN impound notifications, provides immediate, near-time visibility into vehicle impounds.
- Automated Intelligence: Eliminate Manual Follow-up. Loanbridge’s advanced AI agent instantly confirms vehicle status, condition, and fees, cutting down hours of manual research and reducing administrative burden.
- Coordinated Resolution: Proactive Strategy. The integrated MVR chain uses proven recovery coordination methods, complete with condition reports and appraisals to confirm value and coordinate a seamless, accelerated recovery process.
This powerful, single-source, “plug and play” solution is designed to help our lender clients save costs, mitigate losses, reduce charge offs, maximize operational efficiencies, and protect asset value significantly earlier in the default cycle.
Don’t Miss the Full Story: Podcast Now Available
Discover the full potential of this collaboration! We invite you to listen to our latest podcast where DRN | MVTRAC | SCM Chief Sales Officer, Joe Farley, and Loanbridge’s CEO & Founder, Alex Wilham, discuss how this unified approach is fundamentally reducing recovery friction and accelerating impound resolution.