Carleton Lending Solutions, a provider of compliant loan calculation and document generation software, recently rolled out its next generation suite of tools, including CarletonCalcs, CarletonDocs, CarletonAccess and CarletonAudit.  Carleton highlighted that its solutions incorporate the latest upgrades to the firm’s ... [Read More]

White Clarke Group cautioned auto finance companies that they will face “enormous” changes in the way they operate in 2016. Why? Analysts said this week that finance companies will see challenges that are driven by an explosion of innovation resulting ... [Read More]

FactorTrust finalized a partnership with Equifax on Tuesday to provide its customers with an improved view of consumers’ ability to repay (ATR). Executives explained that the collaboration blends data from the alternative credit bureau with traditional credit data from one ... [Read More]

GWC Warranty introduced a new, modern and refreshed version of its website this week aimed to help dealerships sell more vehicle service contracts and related finance and insurance products. Highlighted by a renewed design that is designed to be easy ... [Read More]

As fourth quarter outstanding auto loan balances reached the highest level on record since Experian Automotive began publicly tracking the data in 2006, Melinda Zabritski reminded the industry how to view a slight uptick in 60-day delinquencies. According to its ... [Read More]

Credit Acceptance Corp. chief executive officer Brett Roberts sees only one scenario where the competition for auto financing originations will diminish. Until that condition ever arrives, Credit Acceptance still is adding contracts to its portfolio at a strong pace having ... [Read More]

Online retailer Carvana now has more capacity to secure inventory for the company's unique vehicle vending machines. Ally Financial on Monday extended its financing relationship with Carvana, increasing the retailer’s floor plan credit line from $60 million to $125 million. Executives ... [Read More]

GrooveCar’s vehicle buying resource for credit unions recently launched its new website. Officials highlighted The Everything Automotive platform has a brand new look combined with valuable features to improve the member experience throughout the shopping process. New features incorporated into ... [Read More]

Without being too much of an alarmist, Cox Automotive economist Tom Webb asked a question that perhaps auto finance company executives are pondering as well: Are financial markets pointing to credit contraction? Webb delved into the topic as a part ... [Read More]

Ally Financial reported that $14.8 billion of its $41 billion in total auto financing originations in 2015 stemmed from installment contracts for used vehicles. The figure marked a rise of $3.1 billion year-over-year. Chief executive officer Jeffrey Brown reiterated why ... [Read More]