Recovery Database Network Announces Integration of Services with MasterFiles

For Immediate Release 

Enhanced search capabilities help reduce user cost and improve recovery rates

Redwood City, CA In its continued effort to provide customers with the most efficient and cost effective recovery management software solution, Recovery Database Network (RDN) today announced that it has integrated its application with MasterFiles, a leading data service provider of public records information for the purposes of debt collection, asset recovery and creditworthiness.

Users are now able to access MasterFiles data seamlessly through RDN’s specialized recovery software solution. This unique setup will make it even easier for RDN users to search for and receive information concerning vehicles sought for recovery. Several other enhancements, including the ability to make transferable notes directly from within MasterFiles reports, have also been made to further increase ease of use and maximize user experience.

“Given the high costs associated with the recovery of vehicles, it’s more important than ever to have the most accurate data available to verify address information,” said Todd Hodnett, President and CEO of RDN.  “This real-time, web service application comes complete with skip-tracing data aggregation, effectively allowing RDN users to access debtor information more readily,” he continued.

Searches will be performed just as if they had been conducted from within the MasterFiles interface. Users can begin to access data through RDN simply by establishing an active account with the company. A username and password are all that’s required to begin. Subscribers will be assessed no additional fees by RDN for this service as billing will be managed completely by MasterFiles.

“We are excited to offer this streamlined search capability, said MasterFiles national sales manager, Alex Price. “In working with RDN to provide access to the MasterFiles platform, users can now view data from within their recovery management software, allowing them to save time, save money, and be more successful in their recovery efforts.”

Training materials are available to assist users and can be obtained through RDN. Users can also request a one-on-one training session through MasterFiles upon request.

 

RDN is a provider of software and data solutions related to the recovery of assets for the automotive finance industry and is a subsidiary of OPENLANE, Inc.  OPENLANE is a leading provider of online automotive auction platforms and is itself a subsidiary of KAR Auction Services, Inc.

For more information about RDN and their services, call 817-204-0298, Ext. 102.

For more information about MasterFiles, call 972- 735-2353.

 

About OPENLANE

OPENLANE, Inc. is an online auction company in North America for automotive dealers to buy and sell wholesale vehicles. The company offers end-to-end auto remarketing solutions to auto manufacturers, captive finance companies, lease and daily rental companies, financial institutions and wholesale auto auctions throughout the United States and Canada. OPENLANE powers online remarketing programs for American Honda Finance, Audi Financial Services, Avis Budget Group, BMW Financial Services Canada, Chrysler Financial, JPMorgan Chase Bank, N.A., Porsche Financial Services, Southeast Toyota Finance, US Bank, Volkswagen Credit, among others. For more information, please visit www.OPENLANE.com.

Kelly Scott

kelly.scott@adesa.com

317-249-4581

 

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