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.
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