It’s been quite a week for Solutions by Text, provider of a text messaging platform for consumer financial services institutions. First, the company announced raising of $35 million in growth financing. Edison Partners led the transaction with participation from Stifel ... [Read More]

More evidence of how rising wholesale and retail prices are landing within finance company portfolios arrived on Thursday. According to Experian’s latest State of the Automotive Finance Market report, the average amount financed for a used vehicle jumped more than ... [Read More]

Black Book and CoreLane Technologies now are working together so finance companies have a clear view of the collateral attached to their paper. According to a news release distributed on Tuesday, Black Book announced the integration of its vehicle pricing, ... [Read More]

An executive who was part of a company that Portfolio acquired last year now is in a crucial management position. Portfolio named Chad Millspaugh as vice president of sales and marketing, effective immediately. The F&I product provider highlighted that Millspaugh’s ... [Read More]

Exeter Finance is closing the year with a pair of notable developments announced on Tuesday. The finance company that specializes in subprime paper said it will extend its underwriting reach into the near-prime credit spectrum, effective immediately. Focused on non-prime ... [Read More]

Since Used Car Week took place with less than 60 days remaining in the year, two leading executives from Allied Solutions outlined their own professional goals for 2022 and also what the company is looking to accomplish during the next ... [Read More]

Along with being the “excellence of titling execution,” PDP Group account executive Deshaun Sheppard also serves as the diversity, equity and inclusion committee chair for the company that provides title administration solutions for finance companies and other parts of the ... [Read More]

GWC Warranty finalized a relationship on Monday that might make its F&I solutions for used vehicles more appealing for dealership customers, especially ones who prefer at-home or at-work vehicle repairs. GWC Warranty selected Wrench as a new preferred facility repair ... [Read More]

While consumers with the poor credit profiles didn’t benefit quite as much, RateGenius highlighted through its latest Auto Refinance Rate Report that October contained the lowest average refinancing rate so far this year. [Read More]

Kroll Bond Rating Agency (KBRA) and S&P Global Ratings each shared their latest observations of contract performance based on metrics collected through the auto ABS market. Analysts at both firms spotted similar patterns. Beginning with S&P Global Ratings, the firm ... [Read More]