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Matt Babcock of Wolters Kluwer on how digital transformation continues to gain steam in auto financing
Matt Babcock, who heads up digital lending product strategy for Wolters Kluwer, returned for another visit on the Auto Remarketing Podcast. Wolter Kluwer recently released its latest quarterly Auto Finance Digital Transformation Index. Babcock recapped the sustained upward trajectory the ... Listen Here
SPONSORED EPISODE: The Buy Online Shift & What Dealers Need to Know Now
In this sponsored episode of the Auto Remarketing Podcast, Cox Automotive’s Jeri Reichel joins us to speak to the evolving Buy Online experience. She shares more about how shopper expectations are changing and what dealers should understand and do as ... Listen Here
The Spark Between EVs & CPO
In light of electric vehicle maker VinFast launching a certified pre-owned program in the U.S., Auto Remarketing senior editor Joe Overby connects with leaders from the EV space to discuss why the segment is a natural fit for CPO and ... Listen Here

LendingClub widens auto refinance availability to 40 states

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SubPrime Auto Finance News Staff
LendingClub Corp., the parent company of LendingClub Bank, is looking to be in a position to capitalize on the growing volume of auto refinancing. After first launching its auto refinance product five years ago in California, LendingClub recently announced it ... [Read More]

Solutions by Text gains $35M investment & new CEO

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SubPrime Auto Finance News Staff
It’s been quite a week for Solutions by Text, provider of a text messaging platform for consumer financial services institutions. First, the company announced raising of $35 million in growth financing. Edison Partners led the transaction with participation from Stifel ... [Read More]

Experian: Average used financing amount jumps 20% in Q3

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SubPrime Auto Finance News Staff
More evidence of how rising wholesale and retail prices are landing within finance company portfolios arrived on Thursday. According to Experian’s latest State of the Automotive Finance Market report, the average amount financed for a used vehicle jumped more than ... [Read More]

Black Book & CoreLane Technologies collaborate to improve underwriting

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SubPrime Auto Finance News Staff
Black Book and CoreLane Technologies now are working together so finance companies have a clear view of the collateral attached to their paper. According to a news release distributed on Tuesday, Black Book announced the integration of its vehicle pricing, ... [Read More]

Portfolio names new VP of sales and marketing

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SubPrime Auto Finance News Staff
An executive who was part of a company that Portfolio acquired last year now is in a crucial management position. Portfolio named Chad Millspaugh as vice president of sales and marketing, effective immediately. The F&I product provider highlighted that Millspaugh’s ... [Read More]

Following sale close, Exeter expands origination program

Brad Martin Exeter for web
SubPrime Auto Finance News Staff
Exeter Finance is closing the year with a pair of notable developments announced on Tuesday. The finance company that specializes in subprime paper said it will extend its underwriting reach into the near-prime credit spectrum, effective immediately. Focused on non-prime ... [Read More]

PODCAST: Allied Solutions outlines notable goals for 2022

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SubPrime Auto Finance News Staff
Since Used Car Week took place with less than 60 days remaining in the year, two leading executives from Allied Solutions outlined their own professional goals for 2022 and also what the company is looking to accomplish during the next ... [Read More]

PODCAST: Assessing diversity, equity & inclusion with PDP Group’s Deshaun Sheppard

Deshaun Sheppard at UCW
SubPrime Auto Finance News Staff
Along with being the “excellence of titling execution,” PDP Group account executive Deshaun Sheppard also serves as the diversity, equity and inclusion committee chair for the company that provides title administration solutions for finance companies and other parts of the ... [Read More]

GWC Warranty chooses Wrench as vehicle repair partner

GWC warranty wrench for web
SubPrime Auto Finance News Staff
GWC Warranty finalized a relationship on Monday that might make its F&I solutions for used vehicles more appealing for dealership customers, especially ones who prefer at-home or at-work vehicle repairs. GWC Warranty selected Wrench as a new preferred facility repair ... [Read More]

RateGenius: Average refinance rate drops to lowest point of 2021

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SubPrime Auto Finance News Staff
While consumers with the poor credit profiles didn’t benefit quite as much, RateGenius highlighted through its latest Auto Refinance Rate Report that October contained the lowest average refinancing rate so far this year. [Read More]

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