PODCAST: Executives on subprime market & 2025 expectations
Monday, Jan. 13, 2025, 11:29 AM
ARA & MBSi partner to streamline compliance mandates in repossession & recovery
Monday, Jan. 13, 2025, 11:29 AM
Vitu finalizes acquisition of Dealertrack registration & titling businesses from Cox Automotive
Friday, Jan. 10, 2025, 10:59 AM
XpressCredit Expands Loan Origination System
Thursday, Apr. 30, 2009, 12:00 AM
Nick Zulovich
SYRACUSE, N.Y. – XpressCredit announced earlier this week that it has enhanced its loan origination system with a new customer information verification tool. Basically, FacTrack is designed to be a flexible feature that allows lenders to verify and cross-reference customer ... [Read More]
AmeriCredit Extends Warehouse Facility; Improves Credit Results, Balance Sheet
Tuesday, Apr. 28, 2009, 12:00 AM
Nick Zulovich
FORT WORTH, Texas — Sharing the company's results for the period, AmeriCredit executives described the fiscal-year third quarter as "productive and successful." More specifically, the quarter included an amendment and extension to AmeriCredit's master warehouse credit facility, seasonal improvements in the company's ... [Read More]
First Advantage CREDCO Partners with Finance Express
Tuesday, Apr. 28, 2009, 12:00 AM
Nick Zulovich
POWAY, Calif. — First Advantage CREDCO announced Monday it has integrated its credit-based information solutions with Finance Express, a provider of online finance services and technology to independent dealers. As part of the partnership, First Advantage CREDCO will provide dealers with ... [Read More]
Acura Financial Services Makes Debut
Tuesday, Apr. 28, 2009, 12:00 AM
Nick Zulovich
TORRANCE, Calif. — In order to better meet the needs of its luxury brand's dealers and customers, American Honda Finance Corp. recently launched a separate financial services offering for Acura. According to officials, the introduction of Acura Financial Services is just ... [Read More]
Soft Sales Volumes, High Credit-Loss Provisions Impact Ford Credit’s 1Q Performance
Tuesday, Apr. 28, 2009, 12:00 AM
Nick Zulovich
DEARBORN, Mich. — Like many of its peers in the industry, Ford Motor Credit's first-quarter performance was negatively affected by credit restrictions as well as low consumer confidence and job losses through the country, according to the company. Specifically, in its preliminary quarterly ... [Read More]
Capital One Auto Finance Back in the Black After Tough 4Q
Thursday, Apr. 23, 2009, 12:00 AM
Nick Zulovich
McLEAN, Va. — Capital One's National Lending segment reported that economic deterioration ramped up in the first quarter, most particularly in the labor markets, hurting this division. However, interestingly enough, the officials said that their auto finance unit proved to be ... [Read More]
ARA Teams with DRN to Help Recovery Agents Improve Returns for Lenders
Thursday, Apr. 23, 2009, 12:00 AM
Nick Zulovich
DALLAS — The American Recovery Association and Digital Recognition Network, which specializes in license plate recognition, announced this week that they have joined together for a three-year marketing and sales agreement. The agreement means ARA will utilize DRN's license plate recognition ... [Read More]
Zoombak Launches Referral Program that Offers Cash for New Customers
Thursday, Apr. 23, 2009, 12:00 AM
Nick Zulovich
NEW YORK — Zoombak recently announced the launch of its new Customer Referral Program, which is designed to reward customers for word-of-mouth marketing and to drive sales of its GPS locator technology. The company will send $25 in cash to customers ... [Read More]
GMAC Honors Community Service of Associates
Thursday, Apr. 23, 2009, 12:00 AM
Nick Zulovich
DETROIT — GMAC Financial Services announced the recipients of its biannual Community Leadership Award this week, which is created to recognize exemplary volunteerism and the charitable giving of its associates. The announcement of these recipients is in connection with National Volunteer ... [Read More]
RouteOne’s New Partnerships
Tuesday, Apr. 21, 2009, 12:00 AM
Nick Zulovich
FARMINGTON HILLS, Mich. — RouteOne recently released a plethora of news, including partnerships with Market Scan Information Systems, ProMax Online and new integration between XpressCredit and Automobile Consumer Services on its platform. The most recent news is the fact the company ... [Read More]