Recovery Database Network (RDN) has launched an all-in-one solution that enables recovery agents and automotive lenders to track the repossession status of a vehicle, in real time.
The new feature, called On-Hook Status, also integrates with Clearplan data to enable lenders instant notification that repossession is complete.
The new feature, according to the company, will come at no additional cost.
Clearplan app users will see a green, yellow, or red status color code to indicate whether an agent can proceed, hold, or cancel repossession. This feature will protect agents against unintended repossessions and provide them with increased operational efficiency, greater access to lenders, and integrate with third-party services.