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. …
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, …
CANADIAN AUTO LENDING MARKET TRENDS
The Transunion Q4 2018 Industry Insights Report describes a relatively smooth road ahead for the Canadian credit market in …
AUTO FINANCING TRENDS: RIDESHARING, CAR SHARING, SUBSCRIPTIONS, AND AUTONOMOUS VEHICLES
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, …
WHY AUTO LENDERS ARE REPLACING HOME-GROWN LENDING SOFTWARE WITH CLOUD-BASED SOLUTIONS
With auto sales having peaked in 2017, lenders need every advantage to stay profitable. The industry is also adjusting …
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, …
AUTO LOAN STRAW BUYERS AND OTHER FRAUDSTERS
The most painful way to learn about auto loan straw buyers is to become their fraud victim. According to PointPredictive, …
EMPLOYMENT MISREPRESENTATION IN AUTO LOAN APPLICATIONS
It’s the last day of the month. The dealer’s numbers are good, but one more deal would make it a …
