In the fast-paced and ever-changing field of vehicle tracking and risk management, the importance of having accurate and relevant data cannot be overstated. One crucial aspect of this is to keep your Vehicle Identification Number list updated regularly. At Loanbridge, we strongly emphasize the significance of this practice and consider it to be not just a best practice but an essential one for achieving successful outcomes.

Frequent updates are crucial for maximizing Loanbridge's benefits. To emphasize its importance, consider the following comparisons:

Clients who use a single upload approach

• Miss out on approximately 60% of real-time alerts.
• Experience asset recovery timelines that are, on average, 45% longer.
• May face up to 30% higher overhead costs due to delays and manual interventions.

Clients who update their VIN list daily or weekly

• Capture 95% of real-time alerts, ensuring they're always ahead in the tracking game.
• Reduce their asset recovery timelines by up to 40%, translating to faster turnarounds and more efficient operations.
• Save an estimated $15,000 per month on average by avoiding impound, lien fees, and other associated costs.

The difference is clear. Regularly updating your VIN list ensures you're leveraging the full capabilities of the Loanbridge platform, aligning your operations with the real-time dynamics of the vehicle tracking sector.

As you follow this guide, we will help you update your database. However, our primary goal is to introduce you to a practice that can streamline your operations and secure your assets. Take a moment to discover how Loanbridge is more than just a tool, it's a transformative experience that guarantees the protection of your bottom line.

Update multiple VINs

Directly on the main Dashboard, you see a section that prompts "UPLOAD YOUR LIST OF VINS HERE.”

It is an interactive widget that supports “click to select” a file from your local computer, or you can simply drag and drop your VIN list directly on it.

Browse your files and select the appropriate file. Then click the "Open" button.

Please click on the "Upload" button to complete the process.

Next to the "Choose File" button, you should see the file you selected.

Please click on the "Upload" button to complete the process.

Congratulations! You have successfully uploaded your first list and updated your Loanbridge database.

To receive maximum benefits, you must keep your Loanbridge account updated by uploading your VIN list regularly.

Update a single VIN

There is an option to upload a single VIN on the right of your Hotsheet dashboard

Now, click "+ ADD A SINGLE VEHICLE" on the left to upload the desired vehicle.

Enter the VIN of the vehicle. You can add the state to speed up the lookup process.

To complete this process, click the "ADD VEHICLE" button.