Foster’s 40-year career now includes being named Repossession Agent of the Year
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NAF Association touts success of Compliance Champions Workshop
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New TransUnion research highlights broad interest in refinancing
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DealerTrack Launches Leads Program for Dealers
Thursday, Sep. 20, 2007, 12:00 AM
Nick Zulovich
LAKE SUCCESS, N.Y. — At its Innovation Conference in Las Vegas, DealerTrack announced the launch of a new leads program for dealers. The company has introduced DealerTrack Leads Network, which allows dealers to purchase leads at market price. "We believe the ... [Read More]
RouteOne Recognizes Lenders
Thursday, Sep. 20, 2007, 12:00 AM
Nick Zulovich
LAS VEGAS — This week, RouteOne announced the winners of the Captive and Non-Captive 'Funder of the Year' awards in Las Vegas. For the second straight year, readers of F&I magazine (which voted for their favorites) selected GMAC and Wells Fargo ... [Read More]
New Lender Joins Finance Express
Thursday, Sep. 20, 2007, 12:00 AM
Nick Zulovich
RANCHO SANTA MARGARITA, Calif. — Finance Express recently announced an addition to its platform. Joining Finance Express is Consumer Portfolio Services. CPS is a specialty finance company that provides indirect auto financing to borrowers with past credit problems, low incomes or limited ... [Read More]
SmartMove Auto Announces Debt Financing Transaction
Thursday, Sep. 20, 2007, 12:00 AM
Nick Zulovich
DENVER — SmartMove Auto announced that it has completed a $30 million debt financing. The company has a chain of used stores that focus on subprime customers through buy-here, pay-here and rent-to-own business models. Morgan Keegan & Co. acted as sole ... [Read More]
Bankruptcy Filings Continue to Climb
Tuesday, Sep. 18, 2007, 12:00 AM
Nick Zulovich
ALEXANDRIA, Va. — U.S. consumer bankruptcy filings increased 17.3 percent nationwide in August from the previous month, according to the American Bankruptcy Institute. Overall consumer filings totaled 74,607 in August, up from the 63,600 filings in July, the group said, relying ... [Read More]
NRC Features Subprime Portfolio Remarketing
Tuesday, Sep. 18, 2007, 12:00 AM
Nick Zulovich
CARY, N.C. — Remarketing of subprime portfolios will enjoy the limelight at the upcoming National Remarketing Conference. Leading a workshop and imparting their insight will be Neil Boardman of Regional Acceptance Corp., and John Scordo of Universal Special Auto Finance. ... [Read More]
ADI Adds RouteOne to Curriculum, Platform Gains New Lender
Tuesday, Sep. 18, 2007, 12:00 AM
Nick Zulovich
FARMINGTON HILLS, Mich. — RouteOne announced that the Automotive Dealership Institute will now include its Web-based credit application management system as part of the core curriculum for students enrolled in ADI's F&I Management Program. RouteOne will be included as a permanent ... [Read More]
JPMorgan Chase Subsidiary Appoints VP of Sales
Tuesday, Sep. 18, 2007, 12:00 AM
Nick Zulovich
ST. JOSEPH, Mo. — Systems & Services Technologies, a subsidiary of JPMorgan Chase, recently appointed Larry Chiavaro as its vice president of sales. Prior to joining SST, the 20-year veteran of the finance industry held senior management positions at GE Capital, ... [Read More]
AmeriCredit Announces $1 Billion Asset-Backed Securitization
Thursday, Sep. 13, 2007, 12:00 AM
Nick Zulovich
FORT WORTH, Texas — While the subprime mortgage market continues to falter, it doesn't appear to be impacting solid, subprime auto finance companies who want to tap the credit markets to support their business. An example of this is AmeriCredit, ... [Read More]
DealerTrack Updates DealWatch
Thursday, Sep. 13, 2007, 12:00 AM
Nick Zulovich
LAKE SUCCESS, N.Y. — DealerTrack announced it has added several enhancements to its DealWatch compliance product that are designed to enable dealers to electronically capture, store and manage all of a store's customer-related documents. These updates include DealWatch's new external document ... [Read More]