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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

COMMENTARY: 5 success strategies for consumer lenders in 2020

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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

donation
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

FCC building for web
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

partnership
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

best practices
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

board-room
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

award winner
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

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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]

PointPredictive launches income validation tool fueled by machine learning

wages
SubPrime Auto Finance News Staff
Verifying income can be an expensive process for finance companies; one where the cost can become even steeper if the contract holder falls into delinquency and is eventually charged-off because the individual didn’t have steady enough money to support monthly ... [Read More]

Seasonal non-prime auto ABS deterioration surfaces in August

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SubPrime Auto Finance News Staff
Kroll Bond Rating Agency spotted typical season deterioration when analysts compiled their observations of the August auto loan indices based on performances in the auto asset backed securities (ABS) market. Analysts said in their report released this week that collateral ... [Read More]

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