J.D. Power reports that nearly 84% of new-vehicle buyers in 2018 arranged financing through a dealership. For lenders, that …
WHICH CREDIT BUREAU DATA SHOULD AUTO LENDERS USE?
When’s the last time you thought about your credit bureau data? If you’re like most auto lenders, you usually don’t …
DIGITAL NOTIFICATION STRATEGIES FOR AUTO LENDERS
Fintech innovation is reshaping auto financing into a streamlined customer experience, as Boston Consulting Group (BCG) notes in Staying Ahead …
WHAT TO EXPECT WHEN EXPECTING A NEW SAAS LOAN ORIGINATION SYSTEM
We’ve met a lot of lenders in this situation: Their legacy loan origination system has become too pricey to maintain. …
AUTO LOANS FOR MILLENNIALS: WHAT YOU NEED TO KNOW
According to U.S. Census Bureau population projections, millennials are expected to overtake Baby Boomers in 2019 as the younger group’s …
HOW AUTO LENDERS CAN PROSPER DURING DOWNTURNS
With 17 million vehicles sold in 2018 and 16.8 million new cars and light trucks predicted in 2019 by NADA …
USED VS. NEW FOR AUTO LENDERS: WHY CUSTOMERS CHOOSE USED
U.S. News and World Report succinctly contrasts the pros and cons of buying new vs. used cars. In today’s auto …
AUTO FINANCE TECHNOLOGY FOR RIDESHARE SUBSCRIPTIONS
Four growing trends, driven by technology and millennial usage and behavior, are depressing vehicle ownership, and, consequently, auto financing. Uber …
HOW IMPROVED FRAUD RECOGNITION REDUCES DELINQUENCIES AND DEFAULTS
Delinquency and default rates remain relatively stable, according to a recent Experian report. While that may be comforting news, it’s …
CLOUD LOAN SOFTWARE, AWS, AND SAAS: LOS MUST-HAVES
If your loan origination software (LOS) runs on servers located in your facility, annual licensing and maintenance costs are increasing, …