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Sales & originations might not see immediate lift despite another Fed rate cut
Thursday, Sep. 19, 2019, 07:05 PM
Nick Zulovich, Senior Editor
While the Federal Reserve cutting interest rates twice in less than two months certainly has generated plenty of attention, automotive experts aren’t quite so sure the actions will directly lead to immediate upticks in vehicle deliveries and loan originations. The chief economists at ... [Read More]
PAR North America boosts skip-tracing with masterQueue
Thursday, Sep. 19, 2019, 07:02 PM
SubPrime Auto Finance News Staff
During this summer’s Automotive Intelligence Summit, masterQueue finalized a partnership with PassTime. On Thursday, the web-based Software-as-a-Service platform that can automate the skip-tracing process expanded its relationship with PAR North America, a business unit of KAR Auction Services. According to ... [Read More]
COMMENTARY: 5 success strategies for consumer lenders in 2020
Wednesday, Sep. 18, 2019, 05:56 PM
Daniel Chu, Tricolor Auto Group
Investors love growth, and as we approach the longest sustained period of growth in the history of the United States, the business climate has been almost unprecedented. The Dow Jones Industrial Average is hovering around record highs and unemployment is ... [Read More]
AUL’s employee-run charity committee reaches donation milestone
Wednesday, Sep. 18, 2019, 03:04 PM
SubPrime Auto Finance News Staff
The philanthropic efforts by AUL Corp. recently generated a new milestone. The F&I product provider announced earlier this week that its employee-run charitable giving committee has just surpassed $500,000 in contributions since 2012. The committee comprised of non-management employees was ... [Read More]
Database of reassigned phone numbers hits more development snags
Wednesday, Sep. 18, 2019, 03:00 PM
SubPrime Auto Finance News Staff
Collections agents, skip-tracers and other personnel associated with repossessions and recovery will have to wait a while longer for a federally operated database of reassigned phone numbers to become available. Despite objections from a private sector company, an order released ... [Read More]
Westlake Direct, CarFinance partner for refinancing
Tuesday, Sep. 17, 2019, 08:59 PM
SubPrime Auto Finance News Staff
Westlake Financial Services recently made inroads into Canada. On Tuesday, the finance company turned its attention back to the United States to grow its refinancing operations. Subsidiary Westlake Direct announced a partnership with CarFinance to purchase auto refinance loans originated ... [Read More]
Equifax discusses 6 best practices amid subprime origination decline
Tuesday, Sep. 17, 2019, 03:27 PM
SubPrime Auto Finance News Staff
Not only did Automotive Intelligence Council member Equifax share its latest data about how originations are trending, vice president of automotive marketing and strategy Jennifer Reid also delved into six best practices that could help finance companies of all sizes. ... [Read More]
MBSi welcomes Hanks to executive team
Monday, Sep. 16, 2019, 03:19 PM
SubPrime Auto Finance News Staff
Automotive Intelligence Council member MBSi Corp. enhanced its leadership team on Monday by bringing on a former executive at Primeritus Financial Services and Manheim. The provider of repossession assignment software and vendor compliance monitoring named Phil Hanks as senior vice ... [Read More]
Wolters Kluwer collects 2 more industry awards for its lien solutions
Monday, Sep. 16, 2019, 03:15 PM
SubPrime Auto Finance News Staff
Wolters Kluwer’s lien solutions recently earned two major industry awards for its iLien Motor Vehicle product innovation, adding to its quickly filling mantle. The company won a Gold-level Globee Award in the Fintech and Information Technology Innovation category as well ... [Read More]
VADA enhances preferred endorsement of Dealertrack registration and title solutions
Friday, Sep. 13, 2019, 03:32 PM
SubPrime Auto Finance News Staff
This week, the Virginia Automobile Dealers Association (VADA) expanded its preferred endorsement of Dealertrack Registration and Title Solutions. VADA’s support for the company’s solutions now includes Accelerated Title in a continued effort to improve efficiency and bring a more modern, ... [Read More]
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