Former United Auto Credit & Westlake executive becomes SAFCO’s new chief risk officer
Tuesday, Nov. 26, 2024, 11:21 AM
Cox Automotive sells off another F&I tool as Vitu to acquire Dealertrack’s titling division
Monday, Nov. 25, 2024, 11:39 AM
CFPB examines carveouts in state data privacy laws for financial institutions
Monday, Nov. 25, 2024, 12:03 PM
Aimbridge Makes First Move for Web-Based Lending Process
Thursday, Nov. 1, 2007, 12:00 AM
Nick Zulovich
ENGLEWOOD, Colo. — Lending Solutions recently launched Loan Generation Services, which is a process to capture members' loan pre-approvals via branch, phone or Web to make them accessible to members and auto dealers via the Internet. According to officials, this solution is ... [Read More]
GMAC: Used Originations Up, But Real Estate Unit Hurt Business
Thursday, Nov. 1, 2007, 12:00 AM
Nick Zulovich
NEW YORK — While GMAC reported strong results in its auto finance and insurance businesses, the company took a hit in its mortgage and credit market on its real estate side, which led the company to report a loss for the ... [Read More]
Wells Fargo, Chase and Capital One Discuss 3Q Auto Finance Results
Thursday, Nov. 1, 2007, 12:00 AM
Nick Zulovich
SAN FRANCISCO, NEW YORK and McLEAN, Va. — Wells Fargo Financial, Chase Auto Finance and Capital One Auto Finance each recently released their third-quarter results, indicating how each company did for the period. Starting with Wells Fargo Financial, which covers real-estate ... [Read More]
Chase Opens New Custom Finance Center
Tuesday, Oct. 30, 2007, 12:00 AM
Nick Zulovich
SAN ANTONIO, Texas — Chase Auto Finance has opened a new Custom Finance Business Center to meet the subprime needs of dealers in San Antonio, Texas, which will cover central and southern Texas. Officials said Hu Hunger will manage the new office ... [Read More]
Chrysler Financial, Salesforce Partner
Tuesday, Oct. 30, 2007, 12:00 AM
Nick Zulovich
SAN FRANCISCO — In order to streamline its technology, Chrysler Financial has teamed up with Salesforce.com to offer leasing and financing solutions. Through the partnership, Salesforce will provide customized business applications, along with consumer Web applications in order to drive efficiency ... [Read More]
White River Liquidating Union Acceptance
Tuesday, Oct. 30, 2007, 12:00 AM
Nick Zulovich
INDIANAPOLIS — White River Capital, which includes subsidiaries Coastal Credit and Union Acceptance Co., recently reported that its net income for the third-quarter was down significantly compared to the same period in the previous year. One of the main reasons for ... [Read More]
AmeriCredit Lowers Origination Expectations
Tuesday, Oct. 30, 2007, 12:00 AM
Nick Zulovich
FORT WORTH, Texas — Reviewing AmeriCredit's subprime portfolio, Dan Berce, president and chief executive officer, indicated that it is showing pressure in delinquencies and losses from its 2006 loan vintage. The further seasoning of this vintage has caused the management team ... [Read More]
Chrysler Financial Hosts 2nd Annual Women’s Conference
Thursday, Oct. 25, 2007, 12:00 AM
Nick Zulovich
FARMINGTON HILLS, Mich. — Chrysler Financial invited women from throughout its organization to attend the second annual Women's Conference, which is designed to raise awareness of issues facing women in the workplace, in addition to discussing the newly independent financial arm. ... [Read More]
GMAC Offers New Add-On Products for All Dealers to Drive Revenue
Thursday, Oct. 25, 2007, 12:00 AM
Nick Zulovich
SOUTHFIELD, Mich. — GMAC Insurance recently announced two new products for dealers and retail customers. The two products, Guaranteed Automotive Protection Care Advantage, along with Repair Advantage, a vehicle protection plan, were designed to provide best-in-class quality, support, flexibility and confidence ... [Read More]
Hudson Cook Attorney to be Featured Panelist at NADA
Thursday, Oct. 25, 2007, 12:00 AM
Nick Zulovich
HANOVER, Md. — Hudson Cook recently announced that Emily Marlow Beck, a well-known attorney in the firm's Hanover Office, has been invited to participate as a workshop co-panelist at the National Auto Dealers Association's Convention and Expos in San Francisco. As ... [Read More]