As delinquencies rise and margins tighten, leading auto lenders use AI agents to cut collections and servicing costs without compromising...
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NVLA Opens Annual Conference
Monday, Mar. 31, 2014, 03:41 PM
SubPrime Auto Finance News Staff
The National Vehicle Leasing Association’s annual conference gets underway today with two tracks of content based on the traditional lease market as well as for attendees interested in venturing into the lease-here, pay-here space. NVLA conference organizers also designated special sessions ... [Read More]
Survey Shows How Often Consumers Check Credit Report
Monday, Mar. 31, 2014, 03:38 PM
SubPrime Auto Finance News Staff
With a new TransUnion survey showing how few consumers check their credit report regularly, Ally Financial is launching a new campaign since Financial Literacy Month starts this week. According to a recent Google Consumer Survey commissioned by TransUnion, about one ... [Read More]
Resource Hub
Best Practices, Ideas, and Tools for Business
Out-of-State Titling: 12 Steps Every Title Clerk Should Follow (The Easy Way)
Out-of-state titling isn’t easy. With every state having different DMV requirements, document packets, and deadlines, it’s easy for mistakes to...
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Free Guide: How Smart Dealers Can Profit from Customer Car Insurance
Turn Customer Auto Insurance into Dealership Profit If you're not profiting from auto insurance in your dealership, now’s the time...
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Go In-House With Your Photos
Your Photo Vendor Didn’t Show Up Again? Let’s Fix That. Stop relying on vendors and start owning your inventory. This...
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The Auto Dealer’s Complete Checklist for Evaluating AI
The Auto Dealer’s Complete Checklist for Evaluating AI highlights key questions dealership leaders should ask technology partners during the selection...
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Dealer Guide: Selecting the Right Auto Logistics Partner
In retail automotive, your transport provider isn’t just moving cars — they’re moving your business forward. Every delayed delivery, damaged...
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Case Management Made Easy: Harnessing the Power of Technology
Lenders are grappling with record-high automotive loan delinquencies, all while navigating budget constraints, staffing shortages and more. To overcome these...
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Subprime Originations Rise for 5th Straight Year
Monday, Mar. 31, 2014, 03:35 PM
Nick Zulovich, Editor
The latest data from Equifax showed the number of subprime auto financing originations climbed for the fifth year in a row, surpassing 7 million contracts for the first time since 2007. Analysts indicated the number of subprime contracts for 2013 ... [Read More]
FICO Unveils New Consumer Credit Education Program
Friday, Mar. 28, 2014, 01:58 PM
SubPrime Auto Finance News Staff
Building upon its efforts to give consumers increased access to their FICO score and help lenders be more informative about credit scoring, FICO rolled out a new program this week called FICO Custom Credit Education. Through this solution, officials explained ... [Read More]
Prestige Financial Executes Its Largest Securitization Ever
Friday, Mar. 28, 2014, 01:56 PM
SubPrime Auto Finance News Staff
Prestige Financial Services announced today that it completed its 12th and largest rated term securitization. The company hit the mark by issuing $390 million in securities backed by $396,383,511 in automobile installment receivables. In a transaction led jointly by J.P. ... [Read More]
NC-Based Lender in Expansion Mode with Former Nicholas Exec
Friday, Mar. 28, 2014, 01:49 PM
Nick Zulovich, Editor
A former senior vice president of Nicholas Financial is looking to duplicate the same success he enjoyed previously now that he is overseeing a North Carolina-based operation fueled by a merchant banking firm. Douglas Marohn now is chief executive officer ... [Read More]
Bank of the West Announces Auto Finance Department Promotions
Wednesday, Mar. 26, 2014, 03:33 PM
SubPrime Auto Finance News Staff
Bank of the West highlighted management shifts this week since Mark Beecher, executive vice president and head of sales and marketing for the bank’s indirect lending in the automotive, marine and recreational vehicle sectors, will retire on May 1. With ... [Read More]
Compli to Host Free Webinar Covering Workplace Challenges
Wednesday, Mar. 26, 2014, 03:30 PM
SubPrime Auto Finance News Staff
Compliance obligation management software provider Compli is hosting a free webinar to help companies navigate workplace challenges coming this year. The session titled, “Positioning Your Business for the 2014 Workplace,” is set to include Jean Roque, president and owner of ... [Read More]
Black Book Expands Exec’s Role in Lender Solutions Division
Wednesday, Mar. 26, 2014, 03:27 PM
SubPrime Auto Finance News Staff
Black Book announced today that one of its executives will expand his role to also oversee the company’s lender solutions division to replace Jeff Bunch who left the company earlier this year. Taking on this challenge is Jared Kalfus, Black ... [Read More]
BillingTree Makes Move into Auto Finance Sector
Wednesday, Mar. 26, 2014, 03:23 PM
Nick Zulovich, Editor
A wide array of firms and analysts dissect trends and more about how consumers use their mobile devices to find the vehicle they eventually end up purchasing. The popularity of mobile devices prompted on-demand payment processing technology provider BillingTree to ... [Read More]
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