Wednesday, April 16, 2008 - 8:00pm

BOZEMAN, Mont. — Founded in 1994 with Ford being its first client, Zoot has evolved significantly over the years. And now, more than ever, its vice president of product development said the company's services are in high demand. Why? According to Tom Johnson, the reasoning boils down to two things. First... Read More

Wednesday, April 16, 2008 - 8:00pm

BANDON, Ore. — Subprime buyers, and the dealers trying to finance them, are finding it more difficult than ever to get approval for a new-vehicle loan, according to Art Spinella, of CNW Research. "For all levels of new-car shoppers — prime, near-prime and subprime — the share of loan... Read More

Wednesday, April 16, 2008 - 8:00pm

ARLINGTON, Va. — The Consumer Bankers Association announced that it is now offering a bi-annual auto finance study, which covers benchmarks and statistics on indirect auto lending. Compiled by BenchMarch Consulting International, CBA officials call the ramped up version of the study "the most... Read More

Monday, April 14, 2008 - 8:00pm

PASADENA, Calif. — VantageILM, a provider of integrated lender/leasing management solutions for finance firms, banks, leasing companies and credit unions, recently announced it has upgraded its collection program. According to officials, the additions are designed to ramp up their on-demand,... Read More

Monday, April 14, 2008 - 8:00pm

BROOKFIELD, Wis. — In an effort to help auto lenders better deal with the turbulent times, Fiserv announced this week that it has integrated its automotive lending solutions with Conquest Systems' WebCEO desktop reporting tool. This integration is designed to allow auto lenders to generate dashboards and... Read More

Monday, April 14, 2008 - 8:00pm

IRVINE, Calif. — Consumer Portfolio Services announced that it closed a term securitization transaction recently, issuing $244.4 million of triple A notes backed by automotive receivables. In the term transaction, qualified institutional buyers purchased $244,409,000 of notes backed by automotive receivables... Read More

Monday, April 14, 2008 - 8:00pm

NORTH RICHLAND HILLS, Texas — Flatiron Financial Services of Centennial, Colo., announced today that it has selected Cypress Software Systems LP's Mark IV consumer loan automation platform and DealerTrack Interface to automate the company's indirect auto financing operations. "We chose... Read More

Wednesday, April 9, 2008 - 8:00pm

BOZEMAN, Mont. — Zoot, a provider of advanced instant credit decisioning and loan origination solutions, recently announced the development of a Red Flag solution suite. Based on industry best practices, Zoot said it has created a unique set of tools to help consumer credit granters comply with Red Flag... Read More