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First Advantage Credco Verifies Half a Million Identities
Thursday, Jan. 25, 2007, 12:00 AM
Nick Zulovich
POWAY, Calif. — First Advantage Credco, a wholly owned subsidiary of First Advantage Corp., announced that BuyerID has assisted dealers in verifying more than 500,000 consumer identities in more than 1,100 dealerships nationwide since it was launched in late May. BuyerID ... [Read More]
Chrysler Financial Joins Oxlo’s Dealer Integration Network
Thursday, Jan. 25, 2007, 12:00 AM
Nick Zulovich
BROOMFIELD, Colo. — Oxlo Systems and Chrysler Financial announced they have partnered so Oxlo can provide Chrysler Financial with integration services for the captive's new Star compliant AutOrigination. Oxlo said it will work with DMS and F&I application vendors to ensure ... [Read More]
Inventory Costs, Underwriting, Collection Practices Take Spotlight at NABD Conference
Thursday, Jan. 18, 2007, 12:00 AM
Nick Zulovich
ATLANTA — As collectors, dealers and vendors converged on Manheim's DRIVE Center for the National Alliance of Buy-Here, Pay-Here Dealers Collection conference last week, one overall theme of the event quickly became clear from the presenters and panelists — the buy-here, pay-here ... [Read More]
Prestige Financial Accelerates National Expansion
Thursday, Jan. 18, 2007, 12:00 AM
Nick Zulovich
SALT LAKE CITY — After more than a decade of growth and strong portfolio results as a regional niche auto lender, Prestige Financial Services announced it is going national. The company said it specializes in high non-prime through the deep subprime ... [Read More]
ADI Honored with AFIP’s Eagle Award
Thursday, Jan. 18, 2007, 12:00 AM
Nick Zulovich
SCOTTSDALE, Ariz. — The Automotive Dealership Institute said it was recently recognized by the Association of Finance and Insurance Professionals for its contributions to the F&I industry. AFIP's F&I Eagle Award is given to those who make a commitment to compliance, ... [Read More]
Universal Special Auto Finance, Financial Institution Lending Options Join Finance Express Platform
Thursday, Jan. 18, 2007, 12:00 AM
Nick Zulovich
RANCHO SANTA MARGARITA, Calif. — Finance Express, which provides Web-based financial services and technology to independent dealers, announced that Universal Special Auto Finance and Financial Institution Lending Options have joined its platform. "The strength of Universal Special Auto Finance rests on ... [Read More]
PIN: Upside-Down Trades Down
Thursday, Jan. 11, 2007, 12:00 AM
Nick Zulovich
WESTLAKE VILLAGE, Calif. — Power Information Network, an affiliate of J.D. Power and Associates, recently reported that upside-down trades are declining. The company found that the percentage of upside-down trades has dipped from more than 35 percent in 2003 to about ... [Read More]
World Omni President Discusses Evolution of Auto Financing Industry
Thursday, Jan. 11, 2007, 12:00 AM
Nick Zulovich
DEERFIELD BEACH, Fla. — World Omni Financial Corp. recently marked its 25th anniversary with a dedication ceremony at the company's headquarters. Sharing this milestone with associates, World Omni's president, Brent Burns, discussed the evolution of auto financing. "Within the last quarter ... [Read More]
Compli, CounselorLibrary Team to Provide Carlaw
Thursday, Jan. 11, 2007, 12:00 AM
Nick Zulovich
PORTLAND, Ore., and HANOVER, Md. — Compli announced it recently teamed up with CounselorLibrary to provide "Carlaw" through its management system. Moreover, CounselorLibrary.com also released its newest "Carlaw F&I Legal Desk Book." Executives said the new Carlaw integration with Compli was ... [Read More]
Chase Auto Finance Renews Captive Agreement with Subaru
Thursday, Jan. 11, 2007, 12:00 AM
Nick Zulovich
GARDEN CITY, N.Y. — Chase Auto Finance announced it has renewed its partnership with Subaru of America to serve as the automaker's captive finance provider. "Subaru is pleased to extend our relationships with Chase Auto Finance," said Thomas Doll, executive vice ... [Read More]