AFS Acceptance rebrands and rolls out broad expansion strategy
Wednesday, July 11, 2018 - 10:07am
KPA Services bolsters F&I offerings with AAS acquisition
Friday, July 6, 2018 - 10:46am
Friday, July 6, 2018 - 10:46am
Risk management firm KPA Services recently announced that it closed on the acquisition of California-based Auto Advisory Services (AAS). The firm highlighted that its transaction that came to fruition on May 31 strengthens KPA’s F&I offering through the addition of new premium services, including on-site... Read More
LAUNCHER.SOLUTIONS and General Forensics integrate to curtail power-booking
Friday, July 6, 2018 - 10:44am
Friday, July 6, 2018 - 10:44am
LAUNCHER.SOLUTIONS, a technology provider specializing in subprime auto finance originations, announced a strategic integration partnership with General Forensics with the thought of helping finance companies to operate more intelligently. Playbook, a General Forensics technology, integrates with LAUNCHER.SOLUTION's... Read More
Acquisition pushes Primeritus deeper into powersports space
Tuesday, July 3, 2018 - 10:54am
Tuesday, July 3, 2018 - 10:54am
Primeritus Financial Services is looking to be the forwarding company of choice for finance companies that have more than just cars and trucks in their portfolio. Primeritus recently announced the acquisition of Capital Recovery Group (CRG). Based in Tucson, Ariz., CRG is a recovery solution company dedicated... Read More
Former Assurant, GE exec joins AUL as CFO
Monday, July 2, 2018 - 10:47am
Monday, July 2, 2018 - 10:47am
AUL Corp. president and chief executive officer Jimmy Atkinson continued to bolster the company’s top management team. The administrator of vehicle service contracts recently appointed David Chang to the position of chief financial officer. Chang, who brings more than 20 years of experience in corporate finance,... Read More
PointPredictive chooses FICO expert to lead artificial intelligence scoring team
Monday, July 2, 2018 - 10:45am
Monday, July 2, 2018 - 10:45am
PointPredictive recently added to its roster of experts tasked with helping auto finance companies combat fraud and other risks to their operations. PointPredictive announced that Mike Kennedy has joined the company as vice president of analytics to spearhead the growing team of data scientists in its San Diego offices.... Read More
S&P Global Ratings spots 1990s flashback in subprime ABS space
Thursday, June 28, 2018 - 11:15am
Thursday, June 28, 2018 - 11:15am
In some circles, 1990s fashion is back in style nowadays, and S&P Global Ratings is seeing trends within the subprime auto ABS market that resemble the time when Umbro shorts, the discman and tight-rolled pantlegs became popular. According to a commentary shared with SubPrime Auto Finance News this week, analysts... Read More
8 personnel moves at Millennium Capital and Recovery
Wednesday, June 27, 2018 - 11:58am
Wednesday, June 27, 2018 - 11:58am
Nationwide recovery management and skip tracing firm Millennium Capital and Recovery Corp. made a total of eight personnel moves this week as five executives ascended into new positions, and three managers joined the company. According to a news release, the promotion of several key company leaders included: —... Read More
Pre-approvals remain critical to shoppers during their buying journey
Wednesday, June 27, 2018 - 11:52am
Wednesday, June 27, 2018 - 11:52am
The auto financing process certainly has evolved significantly for the days of paper faxes, but Equifax emphasized that pre-approvals and credit checks remain a critical component of the automotive shopping process. Equifax unveiled additional analysis in its ongoing study of consumer credit and shopping trends with the... Read More