Looking ahead to 2021, banks, credit unions, and fincos are reevaluating their ability to effectively respond to unexpected economic conditions. …
THREE UNANTICIPATED AUTO LENDING TRENDS IN 2020
In late 2019 many industry publications highlighted the expected auto lending trends for 2020 anticipated by J.D. Powers, Fitch, and …
5 BACK-OFFICE OUTSOURCING MUST-HAVES FOR LOAN SERVICING
If you don’t have an efficient and well-staffed back office, then your front office will suffer. This is where back-office outsourcing comes in. There are a lot of perks to outsourcing all of your back office needs, especially if you’re a small or medium-sized lender with limited resources.
A VEHICLE AUCTION AND DISPOSITION FAQ FOR CREDIT UNIONS
For many credit unions, vehicle auctions detract from their core financial focus. The complex relationships between auction houses and transporters, along with volumes of off-lease vehicles and repossessions, are motivating credit unions to seek greater efficiencies.
VEHICLE REMARKETING SERVICES FOR COMMUNITY BANKS
Lending and leasing for vehicles can involve remarketing off-lease and repossessed vehicles. At the end of those contracts, many community banks simply want to obtain maximum value for the pre-owned vehicles in the most efficient manner.
5 KEY BENEFITS OF PARTNERING WITH A THIRD-PARTY VEHICLE REMARKETER
By Brandy Bissett The vehicle remarketing process can pose challenges to lenders of all sizes. Managing a sudden increase in …
