Wednesday, May 22, 2019 - 11:56am

SubPrime Auto Finance News Staff

ALS Resolvion, a nationwide skip-trace and repossession management firm, has been selected as an honorable mention winner within Digital Defense’s 2018 Client Recognition Award Program, which recognizes organizations that display the highest level of network security. This accolade arrived soon after ALS Resolvion... Read More

Wednesday, May 22, 2019 - 11:48am

SubPrime Auto Finance News Staff

According to a news release distributed on Tuesday, Westlake Portfolio Management (WPM) has been selected as the third-party servicer by Total Finance for its $100 million automotive portfolio. The company highlighted approximately 84% of the $100 million portfolio at the time of acquisition came from active,... Read More

Monday, May 20, 2019 - 11:38am

SubPrime Auto Finance News Staff

Dealer Owned Warranty Co. (DOWC). a provider and administrator of F&I products and services, recently partnered with the Allstate Corp. Like dealers, customers depend on the integrity of their vehicle service contracts and warranties. DOWC strives to ensure the successful administration of a dealer’s... Read More

Friday, May 17, 2019 - 10:53am

SubPrime Auto Finance News Staff

Auto/Mate Dealership Systems recently enhanced its product offering aimed at streamlining the sales process and improving the workflow of sales managers, F&I managers and office clerks. The company released Deal Closeout, a new feature in the Desk/Mate Module of its dealership management system (DMS). Desk/Mate... Read More

Friday, May 17, 2019 - 10:51am

SubPrime Auto Finance News Staff

Intellaegis now has additional funding and manpower to accelerate the growth of masterQueue, its debt collection software. The company announced this week that it closed on its first round of institutional funding since its launch at Finovate in 2011. “To this point, we’d been self-funded by the founders... Read More

Monday, May 13, 2019 - 10:41am

SubPrime Auto Finance News Staff

We’re nearly halfway through the second quarter, and experts are seeing varying trends about whether consumers are prepared to commit to buying a vehicle at your dealership and financing the purchase through your finance company. While a pair of surveys that measure consumer confidence each month demonstrated some... Read More

Friday, May 10, 2019 - 10:19am

SubPrime Auto Finance News Staff

Kroll Bond Rating Agency reported this week that its auto-finance indexes that watch both the non-prime and prime spaces moved in similar directions in April. But a deeper look at the latest data showed some “slightly less sanguine results.” Analysts indicated annualized net losses in KBRA’s Prime... Read More

Thursday, May 9, 2019 - 11:26am

SubPrime Auto Finance News Staff

Now that we’re deep into the second quarter of 2019, GWC Warranty recently offered a refresher in an effort to help dealerships gain more sales traction in the F&I office. With vehicle affordability becoming more a challenge, GWC Warranty emphasized that selling more service contracts and higher... Read More