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Autoscribe general counsel receives honor
Monday, Jan. 18, 2016, 04:22 PM
SubPrime Auto Finance News Staff
Autoscribe Corp. general counsel and chief compliance officer Laurie Nelson recently was named to the Jacksonville Business Journal’s inaugural class of ultimate attorneys. With more than 250 nominees, this new award recognizes and celebrates the 25 best legal professionals in ... [Read More]
Chernek: The dangers of spot delivery
Friday, Jan. 15, 2016, 03:54 PM
Rebecca Chernek, Chernek Consulting
If you’ve been in this business for any length of time, you’re no doubt familiar with the spot delivery. That’s when a dealer signs a contract with a customer, allowing them to take possession of their new car before they’ve ... [Read More]
Reynolds opens NJ F&I Library
Friday, Jan. 15, 2016, 03:43 PM
SubPrime Auto Finance News Staff
New Jersey dealers now have another option for research when trying to stay compliant with growing F&I laws. The Reynolds and Reynolds Company announced the release of the Reynolds LAW New Jersey F&I Library. The Library is a catalog of ... [Read More]
CU Direct Connect hits record year
Wednesday, Jan. 13, 2016, 04:46 PM
SubPrime Auto Finance News Staff
CU Direct Connect said Tuesday that 2015 was a record year for the company across the board. CUDC increased auto loan application volume by 52 percent, pushing funded contracts above $1.39 billion for a 39-percent year-over-year increase. The company posted a ... [Read More]
BillingTree announces 3 promotions amid expansion
Wednesday, Jan. 13, 2016, 04:31 PM
SubPrime Auto Finance News Staff
BillingTree announced this week several internal promotions within its executive committee. Citing its success in 2015 as the catalyst behind the advancements, including its total payment processing volume exceeding $2 billion for the year as well as the successful launch ... [Read More]
Hudson Cook promotes new partner
Wednesday, Jan. 13, 2016, 02:49 PM
SubPrime Auto Finance News Staff
Hudson Cook LLP — provider of legal compliance services for the financial services industry — announced this week it has added a new partner. The firm has promoted Allen Denson to partner in its Washington, D.C. office. Allen has been ... [Read More]
Consolidated Asset Recovery Systems bought by Texas firm
Monday, Jan. 11, 2016, 02:35 PM
SubPrime Auto Finance News Staff
Consolidated Asset Recovery Systems has been bought by Austin, Texas-based private equity firm Greenridge Investment Partners. The company said in the news release announcing the deal that its senior management team, including co-founders Steve Norwood and Terry Groves, will stay on ... [Read More]
3 drivers of change in processing & collections
Friday, Jan. 8, 2016, 06:35 PM
SubPrime Auto Finance News Staff
While finance company executives know it’s important to originate vehicle installment contracts, they also understand it’s vital to keep those accounts current and monthly payments flowing into the company’s account. In an analysis sent this week to SubPrime Auto Finance ... [Read More]
Former Reynolds, RouteOne exec joins Wise F&I
Friday, Jan. 8, 2016, 06:33 PM
SubPrime Auto Finance News Staff
This week, Wise F&I announced the hiring of Amy Counts as an account executive. The company indicated Counts is responsible for business and relationship development with independent agents by growing Wise F&I product penetration. Counts has more than 18 years ... [Read More]
Edmunds, CUneXus partner to accelerate financing process
Friday, Jan. 8, 2016, 06:25 PM
SubPrime Auto Finance News Staff
CUneXus Solutions, a provider of omni-channel, application-free lending technology, formed a partnership with Edmunds.com in an effort to collaborate to develop a new generation of vehicle shopping and purchasing solutions. The companies indicated the goal is to have these tools ... [Read More]