A Closer Look at Deep Skip

Part 1: How Deep Skip Repossession Services Locates the Most Elusive Vehicles

When an account reaches the charge-off stage, forwarders and repossession agents often must get creative with tactics for finding elusive customers and vehicles. In addition to use of license plate recognition (LPR) data, this often includes pulling in other databases and social media searches.

An agent will use Deep Skip in cases of higher-value vehicles – although in today’s market, even mid-range vehicles may warrant Deep Skip – when additional investigative and surveillance tools may be warranted. Where DRNsights Skip Trace is the gold standard for establishing patterns of a vehicle’s whereabouts, Deep Skip pulls in additional resources and can be useful with high-value assets or when agents suspect a vehicle may have been hidden, left at a body shop or even shipped out of the country.

One tactic is to use records and database searches along with LPR data to find other vehicles the borrower may own or lease. Locating secondary vehicles often can lead directly to the borrower and reveal the location of the asset out for repossession. Deep Skip tactics can also include replevins and bonds. We’ll talk more about those topics in part two of this series coming soon.

DR N and MVTRAC are experts in Deep Skip tactics and technology. We also have strong, long-standing industry relationships that provide an edge in accessing data and investigative resources, and in working with legal contacts and law enforcement. Contact us today if you’re ready to learn more.

About the author:

Eric Stover

Eric is the Senior Skip and Forwarding Manager / Caseworker III at MVTrac and has been with the company since June 2006. With more than 20 years of experience in the recovery business, he works with his team to improve their recovery strategies by optimizing their skills to recover client’s collateral. He manages the skip and forwarding dept, manages client relations, and maintains relationships with agents.