HONOLULU — According to Teres Solutions, which provides direct and indirect lending software to financial institutions, FirstLight Federal Credit Union increased its indirect lending volume by a factor of five with the assistance of its Software Application for Integrated Lending. Since launching the SAIL software, FirstLight said it has seen indirect loan volume climb from […] [Read More]

BATON ROUGE, La. — AppOne announced it has selected CIQ Inc./Voisys, an 800 and Internet based lead generation system serving the non-prime, prime and lease markets, as a preferred vendor. The relationship was designed to expand the range of services for AppOne's growing dealer base by offering a suite of lead-generation products through its Internet-based […] [Read More]

BROOKFIELD, Wis. — Fiserv announced it was selected by Business Week magazine as one of The Future of Tech 2007 Information Technology Top 100 Companies. This is the first time Fiserv has been selected on the Top IT 100 list, ranked at 97, and the only financial services company listed this year, according to executives. […] [Read More]

RICHMOND HILL, Ontario — After completing a full year, Greybook Credit Corp., which specializes in indirect subprime lending, said its nonprime business is going strong and it expects continued expansion. "Dealers are learning firsthand that Greybook makes it possible to service what has always been previously considered an unserviceable clientele, adding significant value to dealers' […] [Read More]

CARMEL, Ind. — Indiana-based Dealer Services Corp., a portfolio company of Angelo, Gordon & Co., announced it has entered into a three-year, $700 million asset-backed financing agreement, which was structured and arranged by Deutsche Bank Securities. "Realizing the need for a truly independent financing source for independent dealers, I saw the opportunity to assemble a […] [Read More]

IRVING, Texas — Horizon Digital Finance, creator of myAutoloan.com, announced it recently launched a motorcycle finance platform called myMotorcycleloan.com. Officials describe the site as a direct-to-consumer, Internet-based financing marketplace that provides customers with online, real-time motorcycle loans. Customer applying for a loan on the site can receive up to four motorcycle loan offers from national […] [Read More]

LAKE SUCCESS, N.Y. — DealerTrack announced its second annual DealerTrack Innovation Conference for general managers, auto financing executives and other auto professionals will be held Sept. 17 to 18 at the Paris Hotel & Casino in Las Vegas. According to officials, the conference is designed to help attendees better learn how to use technology to […] [Read More]

HOUSTON — I recently completed an informal survey of many buy-here, pay-here dealer clients throughout the nation to develop a perspective on first-half sales and collections. This article summarizes that survey and looks ahead to the remainder of 2007. Most BHPH operators believe that customer liquidity and inventory supply are the two biggest factors that have […] [Read More]

SARASOTA, Fla. — Carbiz is slated to host its 2007 professional development conference for dealers at the Grosvenor Resort at Walt Disney World in Orlando, Fla., this Oct. 28 to 31. Company officials invited dealers from throughout the country to participate in the event, saying it will include seminars and interactive workshops on industry issues. Topics […] [Read More]

PORTLAND, Ore. — Compli announced the release of a new version of its Dealership Compliance Management System. According to officials, the company has 42,000 users of its products throughout the nation. "The new release of the Compli DCMS further streamlines automated compliance management and reporting and offers increased visibility into the compliance issues all dealerships face," […] [Read More]