Psychographic analysis involves the study of how people live, what interests them and what they like, according to the American Marketing Association.
On Friday, FactorTrust announced the addition of Lobel Financial to its growing list of financial service companies implementing its alternative credit data into their credit decisioning process.
Consumer Portfolio Services chairman and chief executive officer Brad Bradley described how the subprime finance company is going through what he called a “painful process.” While the company’s originations are down from last year, its delinquencies didn’t spike to alarming levels.
Both consumers and dealers likely want to know potential buyers’ credit standing in order to facilitate delivery, and a new product fueled by CoreLogic and Equifax rolled out on Wednesday aims to accomplish that objective.
With contract holders’ ability to pay paramount, 700Credit now is offering Income PreCheck, an instant income and employment verification solution that can help dealerships verify buyers' stated income and employment.
With interest gaining steam toward combating fraud, PointPredictive landed funding from Mosaik Partners, an expansion-stage venture capital fund, to enhance its efforts as a provider of fraud solutions to banks, lenders and finance companies.
Carfax and MeridianLink recently teamed up to make it easier for auto finance companies to get Carfax Vehicle History Reports.
Mark Floyd is the current and Steve Hall is the immediate past president of the National Automotive Finance Association.
Westlake Financial Services this week finalized a partnership with eOriginal in an effort toward what the companies classified as the path to digitally transform the finance companies' dealer management system into an eContracting solution.
Not long after launching its lending and leasing as a service (LLaaS) product powered by Oracle, technology services and consulting company DecisivEdge articulated what the firm believes are the six “must haves” when auto finance providers are considering loan origination software (LOS).