To understand LPR staging, it’s best to look at repossession assignments as two different types (active and passive). An active assignment is a typical assignment a lender would give to a repossession vendor. The repossession vendor is actively looking for the vehicle based on location data provided by the lender. A passive assignment is one that is placed with a Forwarder and the Forwarder repossesses the car only when an authorized DRN affiliate generates a live scan. This passive assignment is most commonly known as an LPR staged assignment. This creates a safety net for lenders, significantly increasing their recovery rates and reducing days to repo.
More Stories
Join Us at UCC 2027 – Credit Union Attendees Receive $200 Off
VINchex Lien Verification Now Available Within the Loanbridge Platform
Auto Lending 2026: State of the Union, the Repo Squeeze, and What Comes Next
60 Days to CCUCC 2026: Exhibit Space Nearly Gone, Hotel Rooms Filling
From Reactive to Proactive: How a National Bank Stopped Lien Losses Before They Started with Automated Lien Verification from MBSi
Stop Wrongful Repossessions Before They Start