SubPrime Auto Finance News Staff

No doubt, finance companies are looking for whatever reliable piece of information they can examine while they’re first deciding if they should make an auto finance offer to a potential vehicle buyer and then exploring what terms and down payment should be leveraged. So what about using someone’s social... Read More

SubPrime Auto Finance News Staff

Auto defaults continued their cyclical move higher in September, crossing the 1-percent threshold and landing at nearly the highest spot in three years. The data through September reviewed by S&P Dow Jones Indices and Experian showed that auto finance defaults increased 10 basis points to 1.05 percent. That’s... Read More

Nick Zulovich, Senior Editor

Tommy Moore Jr. initially thought what sprouted to be First Investors Financial Services would just be a sideline business in auto finance. He was concentrated on another banking career in Houston at the time, focused on retail and commercial lending. Now nearly 30 years later, First Investors Financial Services is a... Read More

Nick Zulovich, Senior Editor

As S&P Global Ratings noticed collateral performance in the U.S. subprime auto loan asset-backed securities (ABS) market deteriorated moderately on a sequential basis in August, Davis & Gilbert’s Insolvency, Creditors’ Rights & Financial Products Practice Group fears investors could be in for a... Read More

SubPrime Auto Finance News Staff

Risk management technology provider Verifacto finalized a partnership with Berkshire Risk Services, a collateral protection insurance (CPI) company for dealers and auto finance companies. Through the partnership with Berkshire Risk Services, Verifacto — one of the new exhibitors coming to Used Car Week — now... Read More

DIMONT brings in 3 new experienced executives

SubPrime Auto Finance News Staff

DIMONT is coming to Used Car Week armed with three additional experienced executives within its workforce. This week, DIMONT, one of the largest providers of insurance claims adjusting and collateral loss mitigation services, announced the addition of three industry experts to its growing staff... Read More

SubPrime Auto Finance News Staff

Two Used Car Week exhibitors — FactorTrust and Intellaegis — announced an integration partnership on Thursday. Executives explained the servicing platform, masterQueue, which combines artificial intelligence with predictive data is set to leverage FactorTrust’s proprietary alternative credit data to... Read More

CUNA spells out TCPA concerns to FCC

SubPrime Auto Finance News Staff

Another nationwide organization is asking federal regulators for assistance since technology has revolutionized the way finance providers and customers can communicate. The Credit Union National Association (CUNA) recently filed a petition with the Federal Communications Commission regarding the Telephone Consumer... Read More

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