Digital Recognition Network Completes Integration with iRepo

 

Integration Enables Seamless Account Management for Recovery Professionals and Automotive Lenders 

 

Fort Worth, Texas – August 15, 2011, Digital Recognition Network ("DRN"), the industry leader in asset location technology and services is pleased to announce that it has completed a full and robust integration with iRepo. Owned by MBSi Capital Corp. ("MBSi"), iRepo is a leading provider of e-commerce recovery management solutions to the automotive finance and recovery service industries. This integration cements DRN’s position as an innovative proponent of new technology development and the means to securely share information via an open platform.



This integration will enable iRepo users to fully utilize DRN’s national LPR platform making it possible to have all of their open accounts on the radar of DRN’s national network of over 540 professional recovery agents. These agents, DRN Affiliates, operate over 2,500 mobile LPR Camera Units 24/7 across the country. To date, DRN’s Affiliate network has scanned over 500 million plates and has facilitated the recovery of over 70,000 vehicles. The majority of these recovered vehicles had been through multiple phases of the traditional repossession and skip placement process without success prior to being entered into DRN’s system.



Cort DeHart, President of Digital Recognition Network is thrilled to share the news of this achievement. "DRN is proud of both this accomplishment and our relationship with MBSi Capital Corp. MBSi is a fantastic partner and worked diligently to complete all phases of the integration. DRN is focused on providing a secure and open platform for our Affiliates and lending clients to ensure that our platform has the flexibility and transparency to easily distribute vehicle locate data into any system or process that may currently be in use. We expect great things to come as a result of this accomplishment."


"MBSi has been a leading provider of online distribution management systems to both recovery agents and lenders for several years," said John Rhodes, President, MBSi Capital Corporation. "With the continuation of our relationship with DRN, Re-Pros users will be able to work seamlessly with DRN’s industry leading technology. The real-time dynamic flow of data between DRN and Re-Pros provides a new avenue of growth and technology opportunity for repossession companies across the country."


About Digital Recognition Network


The undisputed leader in asset location technology and services, Digital Recognition Network ("DRN") can add significant value to long-term recovery strategies. Designed specifically for automotive lenders and recovery professionals, DRN’s license plate recognition technology and services platform provides the following benefits:

  • Open platform unites systems and creates process efficiencies
  • Use of LPR technology significantly increases recovery rates
  • Exposure to national network of over 540 recovery professionals
  • Guaranteed results – no recovery, no pay
  • Reduce debt and expenses without increasing manpower or resources

To learn more, go to https://www.digitalrecognition.net/.


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. To learn more, go to www.irepo.com.

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