PRI recognizes the need to utilize cutting edge technology that helps the company to provide a prime customer service to our clients, our field agents and our administrative staff. Simultaneously, this adds to our competitive advantage.


Currently, PRI utilizes a recovery management software program that is specifically designed for the repossession industry. RDN   – Recovery Database Network  is a web-based program, and therefore affords flexible access from any location and at any time.

Like PRI, RDN shares the same vision. RDN and PRI have a goal to revolutionize our industry. Our goals have always been to establish new benchmarks - to elevate the entire concept of "Loss Mitigation, Recovery, Title Processing, and Asset Disposition" to a higher plane of efficiency. Recently, RDN has called upon and implemented great new ideas from outside of our industry. Ideas such as legacy collection software integration, document imaging, workflow management, email/fax communication platform integration, data encryption, wireless internet access, and navigational/mapping functionality. In the hands of skilled programmers, these seemingly disparate elements provide the basis for a remarkable software product - the Recovery Management Database System (RMDS), Powered by RDN.

RDN's software application is a two-way e-commerce network and communication platform that extends electronic connectivity into a segment of a lending institution's business where there was previously very little penetration. The network creates value by aggregating lending institutions and collateral recovery service providers resulting in marketplace liquidity (a critical mass of lenders and service providers), thereby creating benefits for both parties. Such benefits result in the further creation of value by reducing search costs, reducing transfer costs, standardizing systems, and improving matching for both lenders and their recovery related service providers. Lenders benefit because they have more choices and service providers benefit because they have greater access to lenders.

RDN is a secure site and has the flexibility to be used to maximize repossession activity, thus allowing us to manage and control our business and yours. For example, the system provides–

1. Management and control of our business and yours
2. Immediate contact regarding the account or collateral status, irrespective of location
3. Day to day operations on accounts, whatever their status and requirements e.g., provision of timely updates
4. The capabilities for us to monitor and evaluate our field agents activity and performance
5. Client  access to their  accounts and have the ability to monitor their progression through the system
6. Provides management information and statistical information that can be monitored according to the  need of the client
7. Monitor and evaluate our Account Executives performance
8. Provides immediate financial and accounting functions
9. Our clients can access their  accounts and monitor their progress through the system.  For example –

This 'state of the art' technology has created even more 'added value' to the services that PRI offers and provides. All our employees are computer literate and well versed with all the relevant computer systems and software within the company.

Digital Recognition Network (DRN) combines proprietary License Plate Recognition (LPR) technology, a national network of DRNAffiliates™ operating over 1,200 mobile LPR Cameras across the country, integration with repossession software companies, and a new generation of services like LPR2.0/Locate, Pickup, Real-Time to serve the needs of over 330 lenders in the United States, including 8 of the top 10 automotive loan originators. With 24/7 coverage in the top 200 MMAs, DRN is able to identify hundreds of cars on a daily basis culled from a database of over 3 million repossession orders. To date, DRN has located more than $1.55 billion in targeted vehicles.

PRI is the first company in the State of New York to offer this service.

Digital Recognition Network (DRN) is the only asset location company that combines proprietary license plate recognition (LPR) technology, a national network of LPR camera-equipped vehicles, and integration with repossession software companies to create an asset location solution designed specifically for automotive lenders, insurers, and recovery agents.

The Process

DRN’s LPR technology and DRNWebRepo™ software are proprietary technology developed by industry veterans and are not licensed from third party vendors. This enables DRN to easily customize our products to meet the specific needs of our clients. With products and services like DRNDispatch™, DRNInteliRouting™, DRNWebLink™, and the DRNAffiliate™ program, Digital Recognition Network is established as the undisputed industry leader in LPR technology and services.


As soon as DRN locates a vehicle, our clients receive an email notification that includes a photo of the missing vehicle, a photo of the license plate, a time and date stamp noting when the vehicle was located, and the GPS coordinates of the vehicle. Our locate fees are based on the value Digital Recognition Network provides to our clients and are 100% guaranteed - if you don’t recover the vehicle, you don’t pay the vehicle locate fee.

PRI pioneered DRN and License Plate Recognition years ago, as the first company in NY to use this technology. Over the years of unparalleled license plate scanning and data collection, we have developed our idea of human data mapping...using years of past and present data from scanning to predict future behavior of your skips. We manage historical and present data and combine it with our one of a kind skip and cyber tracking and invented:

PRI IS THE ONLY COMPANY TO OFFER THIS SERVICE

LAPTOPS AND GPS - All Field Agents are outfitted with laptops and GPS systems, enabling them to access immediate information regarding assignments, provide up-to-the-minute updates and be able to skip-trace according to the need of each assigned worked, while working in the field.