BLOGS
Insights into Modern Lending
J.D. Power reports that nearly 84% of new-vehicle buyers in 2018 arranged financing through a dealership. For lenders, that underscores the importance of integrating their loan origination system LOS
...
When’s the last time you thought about your credit bureau data? If you’re like most auto lenders, you usually don’t have to think about it. You use the same data
...
Fintech innovation is reshaping auto financing into a streamlined customer experience, as Boston Consulting Group (BCG) notes in Staying Ahead as Auto Finance Goes Digital. A streamlined digital loan origination
...
We’ve met a lot of lenders in this situation: Their legacy loan origination system has become too pricey to maintain. It lacks the functions they need to compete. They face
...
According to U.S. Census Bureau population projections, millennials are expected to overtake Baby Boomers in 2019 as the younger group’s population swells to 73 million and boomers decline to 72
...
With 17 million vehicles sold in 2018 and 16.8 million new cars and light trucks predicted in 2019 by NADA (now J.D. Power), the upward trend of recent years seems
...
U.S. News and World Report succinctly contrasts the pros and cons of buying new vs. used cars. In today’s auto market, New offers: A wide selection of fuel-efficient vehicles, the
...
Four growing trends, driven by technology and millennial usage and behavior, are depressing vehicle ownership, and, consequently, auto financing. Uber and Lyft have greatly disrupted traditional for-hire urban transportation services
...
Delinquency and default rates remain relatively stable, according to a recent Experian report. While that may be comforting news, it’s also good to know that advances in fintech capabilities let
...
If your loan origination software (LOS) runs on servers located in your facility, annual licensing and maintenance costs are increasing, and software functionality hasn’t kept up with market needs, you
...
The most painful way to learn about auto loan straw buyers is to become their fraud victim. According to PointPredictive, straw buyers are one of the top three fraud auto
...
What percentage of the auto loan applications you received this month intentionally misrepresented information about the borrower, vehicle, or dealer? How many delinquent loans were rooted in fraudulent auto loan
...
(Visited 26,737 times, 5 visits today)
