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Recapping credit scores & other trends in auto finance with Shams Blanc of FICO
Shams Blanc, head of auto scores at FICO, made another appearance on the Auto Remarketing Podcast to elaborate more about the fall edition of the FICO Score Credit Insights report. Along with recapping what’s going on in auto finance, Blanc ... Listen Here
SPONSORED EPISODE: Greenville Auto Auction Celebrates 16 Years—A look back and a look ahead
On this sponsored episode of the Auto Remarketing Podcast, Bill Zadeits visits with Billy Willis and Kevin Stallings of Greenville Auto Auction. The auction celebrates 16 years in early September, and the guys talk about the history of the sale, ... Listen Here
Wide-ranging car-business conversation with Lotlinx chairman and CEO Len Short
Lotlinx chairman and CEO Len Short firmly believes car dealers are the most resilient operators in any business. During this episode of the Auto Remarketing Podcast, Short explained why he is anticipating dealers showing that resilience again because it’s needed ... Listen Here

New York Fed: Q2 Originations Top $100 Billion

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SubPrime Auto Finance News Staff
Along with a climb in total outstanding balances that’s now reached 13 quarters in a row, it’s also been nearly eight years since the auto finance industry generated this much paper in a single quarter. The Federal Reserve Bank of ... [Read More]

BenchMark Consulting International Taps New Director for Americas

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SubPrime Auto Finance News Staff
BenchMark Consulting International — which compiles the annual survey for the National Automotive Finance Association among other analytical projects for banks and finance companies — recently chose Dwayne Furmidge as the new leader of its North and South American operations. ... [Read More]

defi SOLUTIONS Integrates Carleton SmartCalcs to Boost Compliance

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SubPrime Auto Finance News Staff
Cloud-based loan origination system defi SOLUTIONS integrated Carleton SmartCalcs into its platform this week. Officials highlighted defi SOLUTIONS customers now can access Carleton’s 40 years of compliance expertise to assure federal and state lending interest, fees and the annual percentage ... [Read More]

GrooveCar Direct Partners with 2 More Credit Unions

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SubPrime Auto Finance News Staff
GrooveCar Direct, an online auto buying resource for credit unions, recently reached partnership with two more institutions. The two credit unions now a part of the network are as follows: — Greater Alliance Federal Credit Union of Paramus, N.J., which ... [Read More]

Moody’s Analyst Counters Thoughts of Auto Loan Bubble

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SubPrime Auto Finance News Staff
Moody’s Analytics senior director Cristian deRitis chimed in this week, refuting the notion that rising auto lending volume is creating a bubble similar to the one that burst in the mortgage space and sent the U.S. economy into recession. deRitis ... [Read More]

2 Examples of How Intelligent Interviewing Produces Intelligent Hires

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Don Jasensky, Automotive Personnel
No one has ever asked our firm to “find someone average.” Employers are always seeking high-performing employees. The best indicator of future performance is past performance. To help identify the high performers we like to ask “intelligent interviewing questions” to ... [Read More]

F&I Express Brings American Guardian Warranty Services Into Network

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SubPrime Auto Finance News Staff
Intersection Technologies’ F&I Express recently added American Guardian Warranty Services (AGWS) to its aftermarket e-contracting platform. Executives highlighted the enhanced F&I Express functionality is free to all AGWS agents and dealers. AGWS is a provider of administration services for dealers ... [Read More]

FICO Refines Analysis of Medical Collections to Boost Scores

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SubPrime Auto Finance News Staff
The next time subprime consumers show up at your dealership or their loan application arrives at your finance company’s underwriting department, their FICO score might be higher if much of what triggered their soft credit profile is delinquent medical debt. ... [Read More]

Credit Acceptance Receives CID from FTC

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Nick Zulovich, Editor
Credit Acceptance Corp. recently reported more than just its second-quarter performance. The company also received a civil investigative demand from the Federal Trade Commission. As a part of its Q2 financial reporting to the Securities and Exchange Commission, Credit Acceptance ... [Read More]

AFIP Offers $100 Off for Next Boot Camp

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SubPrime Auto Finance News Staff
The Association of Finance & Insurance Professionals (AFIP) is offering Industry Summit attendees a $100 discount if they register for its pre-summit certification boot camp. In order to obtain the discount, dealer managers and F&I professionals must complete the registration ... [Read More]

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