What MVTRAC does

MVTRAC is a technology-powered vehicle recovery and collateral management platform serving U.S. auto lenders and independent recovery agents. Founded in 1995 (per company history) as a Chicago-based recovery business, the company now operates as a brand of MVConnect, Inc. and forms the central recovery engine of the tri-brand Connected Intelligence Ecosystem alongside sister companies DRN and SCM under shared executive leadership. The platform connects auto lenders (captives, banks, credit unions, and fintechs) to a network of 600+ vetted recovery agents across 300+ U.S. markets using proprietary License Plate Recognition (LPR) technology processing 500+ million monthly scans, with 2.8+ million vehicles recovered historically across the tri-brand organization.

The product portfolio is modular: Smart Assign automates recovery agent assignment using LPR data and agent performance analytics; Case Claim automates vehicle verification and order routing; MVR (Monitor, Verify, Recover) integrates impound alerts, appraisals, and recovery; MVAppraise handles condition reporting; MVRemarket handles post-recovery remarketing via SmartAuction; MVSkip and MVIntel provide graduated skip-tracing services; and the L5M LPR Camera System is sold to agents as hardware. The platform integrates natively with major asset management systems (RDN, iRepo, Recovery Connect, Clearplan, CarDetector) used by lenders and agents.

MVTRAC generates revenue primarily through transaction fees on vehicle recovery and remarketing services billed to lenders, plus technology and assignment access fees paid by recovery agents. Pricing is quote-based, contract-driven, and geared toward multi-year enterprise relationships. Customers include named enterprise accounts such as Bridgecrest/Carvana and large fintech auto lenders, with stated outcomes of 17-39% ROI on cost basis and 35% recovery rate improvements. The company is operationally part of the Motorola Solutions corporate ecosystem via the MVConnect, Inc. parent structure.

Name

MVTRAC

Legal name

MVCONNECT, INC.

Website

https://mvtrac.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

11–50 employees

Short description

MVTRAC is a technology-powered vehicle recovery platform connecting U.S. auto lenders to a nationwide network of 600+ vetted recovery agents through proprietary LPR data, automated assignment workflows, and an integrated ecosystem spanning skip tracing through remarketing.

Ownership category

akta.pro rank

Product category

Auto Finance Recovery Technology

NAICS

Repossession Services (561491), Collection Agencies (56144)

SIC

Services-Consumer Credit Reporting, Collection Agencies (7320)

akta.pro primary industry

Towing, Recovery & Vehicle Removal Services (TLAJAJAC)

Keywords

• Vehicle recovery services
• Auto finance technology
• License plate recognition
• Repossession management
• Skip tracing services

Headquarters

HQ city

Palatine

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Recovery Services for Lenders: MVTRAC charges auto lenders for vehicle recovery services, including skip tracing, automated assignment routing, and management of a nationwide network of recovery agents. Revenue is generated through transaction fees for each vehicle recovered or serviced through the platform.
2. Agent Technology & Assignment Fees: Recovery agents pay for access to MVTRAC's LPR technology, automated assignment systems (Case Claim, Smart Assign), and receive assignments from lender partners. Agents gain more assignments through the platform in exchange for technology adoption.
3. Remarketing Services: Post-recovery remarketing services including vehicle transportation, inspection/reconditioning, auction representation, and post-sale documentation management.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

MVTRAC is a technology-powered vehicle recovery platform that connects auto lenders (captive finance, banks, credit unions, fintech) with a nationwide network of 600+ vetted recovery agents. The company sells automated recovery assignment, skip tracing, LPR-based vehicle location, vehicle appraisal, and remarketing services, leveraging proprietary License Plate Recognition (LPR) data and automation to accelerate repossession and reduce charge-offs.

Product overview

MVTRAC is a technology-powered vehicle recovery platform that operates as the central recovery engine within a tri-brand Connected Intelligence Ecosystem (alongside DRN and SCM). The platform offers a modular portfolio of products including the core MVTRAC Platform for nationwide agent network management, Smart Assign for automated agent assignment, Case Claim for automated verification workflows, MVR for integrated impound-to-recovery services, MVAppraise for condition reporting, MVRemarket for auction remarketing, MVSkip/MVIntel for skip tracing, and MVRecovery for LPR data analytics. The L5M LPR Camera System provides hardware for data collection. These products work together to deliver a cradle-to-grave vehicle recovery solution, from early risk detection through final asset liquidation at auction.

Differentiator

Problem solved

Functional benefit

Brands

• Smart Assign: Automated vehicle recovery assignment technology that uses LPR data and analytics to connect lenders with the most qualified recovery agents.
• Case Claim
• MVR (Monitor, Verify, Recover)
• MVAppraise
• MVRemarket
• MVSkip
• MVIntel
• L5M LPR Camera System

Products and services

• MVTRAC Platform
• Smart Assign
• Case Claim
• MVR (Monitor, Verify, Recover)
• MVAppraise
• MVRemarket
• MVSkip
• MVIntel
• L5M LPR Camera System
• MVRecovery
• Connected Intelligence Ecosystem

Quantifiable outcome

• 35% boost in recovery rates through integration of DRN data with MVTRAC platform
• +4 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

AI capability5 records

Feature6 records

Partnerships

Six partnerships are on record, tiered core and minor.

• LoanbridgecoreTechnology or Integration · 1 January 2026Loanbridge's intelligence integrates directly into MVTRAC's Monitor, Verify, Recover (MVR) solution. Loanbridge's AI agents confirm vehicle status, condition, and exact fees, replacing hours of manual research with automated data for impound management.
• DRN (Data Recognition Network)coreTechnology or IntegrationDRN provides the intelligence core for the Connected Intelligence Ecosystem. DRN's LPR data (500+ million monthly scans) feeds directly into MVTRAC's automated recovery workflows. The tri-brand organization operates under unified leadership with shared executive team including Cortney Osborne (COO) and Ryan Medina (SVP Vendor Management).
• SCM (Secure Collateral Management)coreTechnology or IntegrationSCM serves as the deep skip specialist handling the most complex recovery cases. SCM's 150+ skip investigators work alongside MVTRAC's automated recovery for a comprehensive tri-brand solution. The companies share unified Vendor Management and Help Desk teams.
• RDN (via platform integration)coreTechnology or IntegrationRDN integration allows MVTRAC to validate vehicle status and confirm orders automatically. Lenders submit assignments through RDN which MVTRAC processes for agent routing.
• iRepo (via platform integration)coreTechnology or IntegrationiRepo platform integration enables order submission and validation through MVTRAC's automated systems for seamless lender workflow integration.
• SmartAuctionminorChannel Partner/ Reseller/ DistributorSmartAuction is the primary online vehicle auction platform used through MVRemarket for selling recovered vehicles, providing lenders access to dealer networks for asset liquidation.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Primeritus Financial Services: National asset recovery and remarketing services provider for auto lenders, offering skip tracing, repossession forwarding, and auction services. Directly comparable to MVTRAC's recovery, skip, and remarketing stack.
• Resolvion: Auto finance recovery, skip tracing, and collateral management services provider. Direct competitor in lender forwarding and deep skip services, with overlap in agent-network management.
• Best Recovery Services: Multi-region repossession services provider with an in-house agent network serving auto lenders, finance companies, and credit unions. Comparable in agent-network model and lender customer base.
• SAMS (Skipmasters Asset Management Services): National repossession and skip-tracing services company serving banks, credit unions, and finance companies with a vetted agent network — a direct competitor in lender forwarding and skip investigations.
• Compass Asset Management: Vehicle recovery and remarketing provider for the auto finance industry, offering collateral recovery, skip tracing, and disposal services. Competes head-to-head with MVTRAC's cradle-to-grave recovery platform.
• Howard's Recovery: Florida-based repossession and recovery services firm operating an in-house fleet and agent network for auto lenders. A regional direct peer with overlapping services in towing, recovery, and impound management.
• DelMar Recovery: Repossession and asset recovery services company serving auto lenders and finance companies on the West Coast. Directly comparable in collateral recovery and lender forwarding.

Broad incumbents

• ADESA (KAR Auction Services): Major national vehicle auction and remarketing platform owned by KAR Global. Adjacent competitor on the remarketing side of MVTRAC's MVRemarket offering, serving finance company consignors at much larger scale.
• Cox Automotive (Manheim): Automotive services conglomerate including Manheim auctions, Dealertrack, and vin solutions. Provides enterprise remarketing and data services to lenders, competing broadly with MVTRAC's remarketing and data-driven recovery.

Emerging players

• PassTime (Spireon): GPS-based asset tracking and connected vehicle solutions used by auto lenders for early-stage risk mitigation and recovery support. Comparable in using telematics/LPR-style data to prevent charge-offs and locate collateral.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/mvtrac
• Xx.com/mvtrac

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds3 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MVTRAC