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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

New division Westlake Capital Finance fueled to help dealers grow operations

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SubPrime Auto Finance News Staff
Dealerships wanting to expand their operations now can turn to Westlake Technology Holdings. The finance company that originates installment contracts throughout the credit spectrum recently launched Westlake Capital Finance to provide commercial real estate loans to dealers. The commercial real ... [Read More]

DIMONT adds another former van Wagenen exec to leadership team

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SubPrime Auto Finance News Staff
For the second time this year, DIMONT reinforced its leadership team with a former executive from van Wagenen. This week, the Dallas-based provider of insurance claims adjusting and collateral loss mitigation services to the residential mortgage and auto lending industries ... [Read More]

AutoMap promotes Sargeant to CEO

job promotion
SubPrime Auto Finance News Staff
An employee who has been with AutoMap for nearly 10 years now is the company’s chief executive officer. The provider of electronic vehicle monitoring and location services recently announced Mark Sargeant was promoted to CEO of AutoMap in a move ... [Read More]

A treat for the industry? Perhaps another rate cut coming

interest rate picture new
SubPrime Auto Finance News Staff
This week, the Federal Reserve released minutes from its September Federal Open Market Committee (FOMC) meeting that resulted in policymakers leveraging their second consecutive opportunity to lower the target range for the federal funds rate after having not taken a ... [Read More]

ARA unveils theme & registration for North American Repossessors Summit

NARS2020 logo for web
SubPrime Auto Finance News Staff
It might only be October, but the American Recovery Association (ARA) already has its eyes on early May, unveiling the theme for one of its largest annual events. ARA, along with headline sponsor, Harding Brooks Insurance, announced this week that ... [Read More]

ALS Resolvion shifts online location for best-practices forum

best practices
SubPrime Auto Finance News Staff
ALS Resolvion is trying to make collaboration within the skip-tracing and repossession worlds a little easier to be done online. The recovery management firm this week announced a transition of its popular community forum, Lenders Repossession Best Practices, from one ... [Read More]

Open Lending promotes 2 longtime executives

job promotion
SubPrime Auto Finance News Staff
Open Lending promoted two of its executives this week who have combined to serve the company for nearly 20 years. The provider of analytics, risk-based pricing, risk modeling and automated decision technology for credit unions and other finance companies, announced ... [Read More]

Trust Science secures exclusive registration to use Credit Bureau 2.0

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SubPrime Auto Finance News Staff
Trust Science gained important branding privileges this week. The company obtained official, exclusive registration over the use of “Credit Bureau 2.0” as a trademark from the U.S. Patent & Trademark Office. According to a news release, Trust Science and its ... [Read More]

Assessing risk as 84-month contracts become more prevalent

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SubPrime Auto Finance News Staff
S&P Global Ratings senior director Amy Martin recently assembled a report with a title that concisely summarized the current state of auto financing. Martin’s analysis titled, “Speed Bump Ahead: As Auto Loans Accelerate Toward 84 Months, Caution Is Warranted,” reviewed ... [Read More]

New ALS Resolvion service aims to reduce impound headaches

car
SubPrime Auto Finance News Staff
One of the most frustrating places where a finance company’s collateral can be during the repossession and recovery processes is the equivalent of “car jail.” To help mitigate risk and reduce that frustration, skip-trace and repossession management firm ALS Resolvion ... [Read More]

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