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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

PODCAST: Experian’s Michele Bodda on employment & income trends

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SubPrime Auto Finance News Staff
Perhaps one of the most difficult challenges for finance companies to overcome through the pandemic was verifying an applicant’s employment and income. Michele Bodda, president of Experian Mortgage, Employer Services and Verification Solutions, appeared on this episode of the Auto ... [Read More]

UPDATED: Both auto & mortgage defaults now at all-time lows

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Nick Zulovich, Senior Editor
If finance companies based their decisions on how to run and staff their collections and recovery departments based only the metrics included in the S&P/Experian Consumer Credit Default Indices, they truly might be a one-man — or woman — band ... [Read More]

National Auto Care reinforces M&A team to add more to F&I portfolio

walter hoffman for web
SubPrime Auto Finance News Staff
National Auto Care (NAC) made four agency acquisitions last year, and the F&I provider wants to be in a position to finalize even more this year. With M&A growth in mind, NAC on Monday announced the addition of Walter Hoffman, ... [Read More]

Senate Banking Committee Republicans want answers from CFPB director nominee

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SubPrime Auto Finance News Staff
The Senate wrangling over the nominee to be the new director of the Consumer Financial Protection Bureau became even more intense this week. The dozen Republican members of the Senate Banking Committee sent a letter to Rohit Chopra stemming from ... [Read More]

American Recovery Service names Osborne as chief services officer

Cortney Osborne at UCW 2019
SubPrime Auto Finance News Staff
American Recovery Service (ARS) recently expanded its executive team by promoting Cortney Osborne to be chief services officer. With nearly 20 years of industry experience and moderator of the Women in Auto Finance honoree panels during Used Car Week, ARS ... [Read More]

June Dealertrack Auto Credit Availability Index improves

dealertrack june 2021 chart for web
SubPrime Auto Finance News Staff
While consumer confidence might be mixed, Cox Automotive discovered more access to credit last month for potential vehicle buyers who needed it — especially if they had stronger credit backgrounds. According to the newest Dealertrack Auto Credit Availability Index released ... [Read More]

Constant & Alkami partner to enhance back-office processes for banks & credit unions

constant alkami for web
SubPrime Auto Finance News Staff
Paper and forms sometimes still are a major part of auto financing, especially in connection with servicing and loss mitigation processes that are normally handled by people in the middle and back office who rely on manual processes and green-screen ... [Read More]

Allied Solutions ‘really moves the needle’ with modeling acquisition

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SubPrime Auto Finance News Staff
Allied Solutions recently expanded its portfolio of partnerships by aligning with Tracers and Illinois Bankers Business Services (IBBS). On Tuesday, the provider of insurance, lending, risk management and data-enabled products to financial institutions broadened its portfolio again, but this time ... [Read More]

RateGenius: Refinancing approvals jump to record high in June

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SubPrime Auto Finance News Staff
Perhaps your finance company is slightly tightening some underwriting strategy when a contract is first originated at the time of vehicle delivery. But some shops evidently are loosening a bit when refinancing contracts, as RateGenius is seeing the highest approval ... [Read More]

Conflict arises as new FTC chair sets investigative priorities for next decade

new ftc chair for web
SubPrime Auto Finance News Staff
Less than a month after being confirmed as chair of the Federal Trade Commission, Lina Khan gained approval on a partisan vote for the regulator to proceed via a series of resolutions authorizing investigations into key law enforcement priorities for ... [Read More]

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