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Recapping credit scores & other trends in auto finance with Shams Blanc of FICO
Shams Blanc, head of auto scores at FICO, made another appearance on the Auto Remarketing Podcast to elaborate more about the fall edition of the FICO Score Credit Insights report. Along with recapping what’s going on in auto finance, Blanc ... Listen Here
SPONSORED EPISODE: Greenville Auto Auction Celebrates 16 Years—A look back and a look ahead
On this sponsored episode of the Auto Remarketing Podcast, Bill Zadeits visits with Billy Willis and Kevin Stallings of Greenville Auto Auction. The auction celebrates 16 years in early September, and the guys talk about the history of the sale, ... Listen Here
Wide-ranging car-business conversation with Lotlinx chairman and CEO Len Short
Lotlinx chairman and CEO Len Short firmly believes car dealers are the most resilient operators in any business. During this episode of the Auto Remarketing Podcast, Short explained why he is anticipating dealers showing that resilience again because it’s needed ... Listen Here

Informativ launches credit & compliance solution

compliance pic
SubPrime Auto Finance News Staff
Last week, Informativ announced a new, complete, and proactive credit and compliance offering. The service provider that includes Credit Bureau Connection (CBC), Dealer Safeguard Solutions and CreditDriver said this revamped solution brings together innovative, mobile-first consumer credit prequalification and lead ... [Read More]

700Credit rolls out latest fraud-prevention tool

fraud prevention
SubPrime Auto Finance News Staff
Executives from 700Credit recently released QuickScan, a mobile document verification and fraud detection platform that can provide dealerships with real-time confirmation of the legitimacy of a customer’s driver’s license and identity. The provider of credit, compliance, soft pulls and identity ... [Read More]

KBRA & DBRS Morningstar offer latest views of auto ABS performance

KBRA december 2022 charts for web
SubPrime Auto Finance News Staff
During the same week as S&P/Experian Consumer Credit Default Indices noted the December auto reading, the newest analysis Kroll Bond Rating Agency (KBRA) revealed more performance softening based on data from the securitization market. KBRA said December remittance reports showed ... [Read More]

Sunbit fixed ops survey reinforces need for financing in service drive

Sunbit image for web
SubPrime Auto Finance News Staff
Your customers’ need for financing might not just be prevalent in your dealership F&I office. The need could be significant in your service drive, too, based on a recently completed a survey of 1,100 fixed ops service professionals at more ... [Read More]

Portfolio elevates Childers to managing director, reveals new company logo

Portfolio Childers for web
SubPrime Auto Finance News Staff
Along with a new company branding, Portfolio announced the promotion of Cliff Childers to the position of managing director, effective immediately. The company highlighted the 21-year industry veteran leads a national sales team driving reinsurance and F&I success for auto, ... [Read More]

F&I Sentinel welcomes Zucco to leadership team

Scott Zucco for web
SubPrime Auto Finance News Staff
According to a news release distributed this week, Scott Zucco joined F&I Sentinel as vice president of sales, in a move effective Jan. 3. The automotive compliance and regulatory risk mitigation solutions provider highlighted Zucco is “an accomplished sales professional ... [Read More]

ARA releases policy statement connected with FTC Safeguards Rule

FTC sends annual report to CFPB recapping activities regarding financial acts
SubPrime Auto Finance News Staff
The American Recovery Association (ARA) recently released a policy statement associated with the revamped Safeguards Rule set to be implemented by the Federal Trade Commission in June. In connection with the mandate, ARA specifically believes recovery professionals should engage in ... [Read More]

Auto defaults finish 2022 with largest sequential rise in more than 5 years

experian-december default graph for web
SubPrime Auto Finance News Staff
Auto defaults closed 2022 with the first double-digit rise in the default rate in more than five years. On Tuesday, S&P Dow Jones Indices and Experian released data through December for the S&P/Experian Consumer Credit Default Indices. The auto rate ... [Read More]

Westlake now servicing portfolios from Car Capital & Nicholas

Details of upcoming repossession webinars from ARA & Weltman
SubPrime Auto Finance News Staff
Westlake Portfolio Management grew its servicing department by reaching agreements with two companies that specialize in the subprime auto space. Last week, Westlake announced it formed a servicing partnership with Nicholas Financial, an auto and consumer finance company based in ... [Read More]

PassTime strengthens executive leadership with new EVP of sales

passtime exec for web
SubPrime Auto Finance News Staff
PassTime reinforced its executive team last week. The provider of advanced asset tracking solutions announced it has hired Mike Roberts a new executive vice president of sales. PassTime highlighted Roberts joined the team from Kenwood USA and is an executive ... [Read More]

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