Leaders from defi SOLUTIONS and eOriginal are looking for the auto finance industry to take another significant evolutionary step.
FactorTrust recently finalized an innovative partnership with GOLDPoint Systems to integrate alternative credit data and scores into the online finance company’s originating, servicing and reporting processes, thereby enabling GOLDPoint’s lending clients to get a complete overview of creditworthy
Change seems to be always in the air in the auto finance space. Finance companies are adjusting underwriting to mitigate risk, maintain origination growth and watch for delinquency rises.
This week, RouteOne highlighted that its eContracting platform reached a new milestone with 7.5 million booked eContracts. The threshold resulted in more than $200 billion in funded deals.
RouteOne indicated the growth can be attributed to the rising adoption by:
Experian Automotive tried again this week to pop the talk about a “subprime auto loan bubble.”
Analysts said, “There’s always someone who claims that the bubble is bursting. But a level-headed look at the data shows otherwise.”
Mark Floyd is the current and Steve Hall is the immediate past president of the National Automotive Finance Association.
Automotive Personnel chief executive officer Don Jasensky acknowledged one of the most difficult challenges during the candidate-evaluation process is to determine whether the individual seeking the position at your firm actually can handle all of the demands and responsibilities asked of the pos
Even as TransUnion noted that auto finance origination volume appears to be losing a little steam, the Federal Reserve Bank of New York’s Household Debt and Credit Report released on Wednesday showed how the balances consumers are absorbing for their vehicles helped to push total consume
So far this year, a wide array of investment analysts are asking finance companies that bring in any non-prime or subprime paper about their current risk appetite.
Credit Acceptance Corp. appears well aware of the risk the finance company is taking as installment contract dollar amounts as well as terms keep growing.