3 credit & financing capabilities of NCC Clarity
Wednesday, Mar. 6, 2024, 11:21 AM
SubPrime Auto Finance News Staff
Del Grande Dealer Group CEO Jeremy Beaver called the latest tool from National Credit Center (NCC) a “game changer.” What triggered such a reaction about the NCC Clarity credit report? “It allows our team to quickly focus on the most ... [Read More]
Agora welcomes Mancero as managing director
Tuesday, Mar. 5, 2024, 11:02 AM
SubPrime Auto Finance News Staff
A familiar name in the subprime auto finance industry now is part of Agora Data. The fintech company — which provides technology, capital and guidance with predictable contract performance and analytics for the subprime space — announced the appointment of ... [Read More]
Open Lending gives Economic Vehicle Accessibility Awards to 20 finance providers
Tuesday, Mar. 5, 2024, 10:35 AM
SubPrime Auto Finance News Staff
Soon after releasing its full Vehicle Accessibility Report, Open Lending Corp. recognized 20 credit unions and banks on Tuesday through its inaugural Economic Vehicle Accessibility Awards (EVAAs). Executives highlighted the winning banks and credit unions are Open Lending partners that ... [Read More]
PODCAST: Discussing sharper alternative data with Equifax
Monday, Mar. 4, 2024, 11:53 AM
SubPrime Auto Finance News Staff
Alternative data isn’t new in auto financing. But Lena Bourgeois, senior vice president of vertical markets at Equifax, explained why alternative data is now more refined to the benefit of finance companies of all sizes. Bourgeois discussed that topic and ... [Read More]
NAF Association opens nominations for Jack Tracey Pinnacle Award
Monday, Mar. 4, 2024, 11:53 AM
SubPrime Auto Finance News Staff
It might be tough to top the emotional scene that unfolded when the National Automotive Finance Association gave the inaugural Jack Tracey Pinnacle Award last year. But undoubtedly the association will try as it opened nominations for the accolade to ... [Read More]
4 more findings from Open Lending’s 2024 Vehicle Accessibility Report
Friday, Mar. 1, 2024, 11:11 AM
SubPrime Auto Finance News Staff
As the company pledged to do when releasing some initial findings late in January, Open Lending Corp. pushed out its entire 2024 Vehicle Accessibility Report this week. The report aims to illustrate how traditional underwriting practices have alienated and excluded ... [Read More]
Title Twins gain more capability through West Virginia’s Clearinghouse
Friday, Mar. 1, 2024, 11:07 AM
SubPrime Auto Finance News Staff
Twin sisters Tracie Lane and Molly Johnson established Washington State Titling Services almost a year ago because of the challenges they experienced working at dealerships in the Northwest. This week, the pair said their sister company — the Title Twins ... [Read More]
Experian spots ‘natural’ reaction to higher interest rates in Q4 data
Thursday, Feb. 29, 2024, 10:55 AM
SubPrime Auto Finance News Staff
Sometimes a trend surfaces in the car business that’s “natural,” like what Experian noticed after compiling its auto finance data for the fourth quarter. According to Experian’s State of the Automotive Finance Market Report released on Thursday, the average interest ... [Read More]
CFPB seeking more data about repossessions & contract modifications
Wednesday, Feb. 28, 2024, 11:26 AM
SubPrime Auto Finance News Staff
The Consumer Financial Protection Bureau wants more data from finance companies as an extension of its project started a year ago focused on the number of vehicles repossessed and contract modifications. According to a post recently published in the Federal ... [Read More]
SAFCO adds former Off Lease Only legal expert as general counsel
Wednesday, Feb. 28, 2024, 11:25 AM
SubPrime Auto Finance News Staff
Southern Auto Finance Co. (SAFCO) recently made its second strategic move so far this year, appointing Marissa Kaliman as its vice president of compliance and general counsel. SAFCO highlighted Kaliman brings a wealth of expertise to its senior leadership team, ... [Read More]