It’s likely not unusual for underwriting departments at subprime auto finance companies to see applications from individuals who work multiple jobs to generate their income. Well, according to a new Bankrate.com report, that’s not just common in the subprime space. ... [Read More]

A former Autotrader executive now has a leadership role in the F&I space. Automotive industry veteran Matt McKenna recently joined APCO Holdings, home of the EasyCare and GWC Warranty brands, as senior vice president overseeing the GWC Warranty business unit ... [Read More]

AUL Corp. recently solidified its top-tier executive team in response to the firm’s rapid growth and expansion into a full-service F&I provider. AUL president and chief executive officer Jimmy Atkinson announced a pair of promotions, elevating Jason Garner to be ... [Read More]

Cherokee Media Group orchestrated the Automotive Intelligence Summit, so technology-driven companies could interact and network, possibly producing enhanced relationships like the one PassTime and masterQueue announced. As AIS 2019 unfolded this week in North Carolina’s Research Triangle, PassTime, a leading ... [Read More]

Coinciding with the release of its second-quarter performance, Consumer Portfolio Services also discussed a structural reorganization of sales representatives and origination staff to cater to dealerships in its origination network more effectively. CPS reported this week that it closed the ... [Read More]

If a representative from your collections department is trying to find the person who is behind on their vehicle retail installment sales contract, a reasonable chance exists that other organizations are seeking the whereabouts of that individual, too, because of ... [Read More]

On Monday, Budco Financial announced the integration of its 0% payment plan services into the entire suite of Darwin Automotive F&I software solutions. Officials explained Budco Financial’s addition to the Darwin F&I and Service menus, digital retailing solution and the new ... [Read More]

Collateral performance in the subprime U.S. auto loan asset-backed securities (ABS) sector in May was mixed, according to the most recent S&P Global Ratings report. Analysts discovered subprime auto loan ABS month-to-month declines in both losses and recoveries during May. ... [Read More]

A recognized name in the auto-finance space now is leading Flagship Credit Acceptance, which is setting its sights on continued growth. The finance company announced this week that Bob Hurzeler joined Flagship as its chief executive officer and as a ... [Read More]

This week, Westlake Financial Services finalized another securitization above $1 billion, setting a new company record in the process. Westlake announced the closing of its 19th asset-backed securitization (WLAKE 19-2) at $1.2 billion. This latest securitization is the largest ever ... [Read More]