CPS Sets New Contract Origination Record

IRVINE, Calif. — In addition to discussing second-quarter financial results, Consumer Portfolio Services' officials explained exactly how their business works in their annual report. The company is an indirect specialty finance lender working in the subprime arena. For the second quarter of this year, CPS... Read More

Business Week Honors Fiserv

BROOKFIELD, Wis. — Fiserv announced it was selected by Business Week magazine as one of The Future of Tech 2007 Information Technology Top 100 Companies. This is the first time Fiserv has been selected on the Top IT 100 list, ranked at 97, and the only financial services company listed this year, according to... Read More

AppOne Names Preferred Provider for Platform

BATON ROUGE, La. — AppOne announced it has selected CIQ Inc./Voisys, an 800 and Internet based lead generation system serving the non-prime, prime and lease markets, as a preferred vendor. The relationship was designed to expand the range of services for AppOne's growing dealer base by offering a suite of... Read More

HONOLULU — According to Teres Solutions, which provides direct and indirect lending software to financial institutions, FirstLight Federal Credit Union increased its indirect lending volume by a factor of five with the assistance of its Software Application for Integrated Lending. Since launching the SAIL software,... Read More

GREENWOOD VILLAGE, Colo. — Universal Special Auto Finance said the national rollout of its indirect subprime auto lending is progressing smoothly and the company is now live in 13 states. Officials expect Universal to be live in nearly all states within six months. "We are in our official rollout and funding... Read More

CARMEL, Ind. — Indiana-based Dealer Services Corp., a portfolio company of Angelo, Gordon & Co., announced it has entered into a three-year, $700 million asset-backed financing agreement, which was structured and arranged by Deutsche Bank Securities. "Realizing the need for a truly independent financing... Read More

RICHMOND HILL, Ontario — After completing a full year, Greybook Credit Corp., which specializes in indirect subprime lending, said its nonprime business is going strong and it expects continued expansion. "Dealers are learning firsthand that Greybook makes it possible to service what has always been... Read More

LAKE SUCCESS, N.Y. — DealerTrack announced its second annual DealerTrack Innovation Conference for general managers, auto financing executives and other auto professionals will be held Sept. 17 to 18 at the Paris Hotel & Casino in Las Vegas. According to officials, the conference is designed to help attendees... Read More

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