Articles by: Huixin Deng

Flagship Continues to Reduce Loan Terms, Latest ABS Shows

Flagship Continues to Reduce Loan Terms, Latest ABS Shows

August 18, 2017 at 10:15 am 0 comments

Flagship Credit Acceptance continues to reduce loan terms, according to Kroll Bond Ratings Agency’s latest ABS presale report. Flagship began originating 75-month loans and 78-month loans in 2013. However, starting in mid-year 2016, Flagship started to reduce the percentage of its loan terms greater than 72 months to just underRead More

ARGO Expects New ATV Line to Boost Volume for Lender Partners

ARGO Expects New ATV Line to Boost Volume for Lender Partners

August 17, 2017 at 9:30 am 0 comments

ARGO launched a new ATV line at a dealer meeting last weekend, which it expects to bolster originations for its retail lender partners — Dealer Direct and TD Auto Finance, President Brad Darling told Powersports Finance. The New Hamburg, Ontario-based manufacturer, unveiled its xtreme terrain vehicle (XTV) lineup for the 2018 modelRead More

8 Tips for Improving Collection Practices

8 Tips for Improving Collection Practices

August 16, 2017 at 9:45 am 0 comments

Delinquencies continue to climb to levels unseen since the financial crisis, which is why many lenders are focused on improving collections practices and bolstering their loss mitigation strategies. Auto Finance News spoke with four collections experts to pinpoint best practices and optimal strategies for mitigating losses and improving collections. HereRead More

Average Fico Drops in Nissan’s Latest ABS Issuance

Average Fico Drops in Nissan’s Latest ABS Issuance

August 15, 2017 at 12:03 pm 0 comments

The weighted average Fico score in Nissan Motor Acceptance Corp.’s latest securitization dropped 3 points to 772 — as compared to the captive’s previous transaction — yet still ranks among the highest credit quality of issuances that Moody’s Investors Service has rated, according to the presale report released last week.Read More

Southeast Toyota Finance May Tighten Credit

Southeast Toyota Finance May Tighten Credit

August 11, 2017 at 10:00 am 0 comments

Southeast Toyota Finance, is mulling modest modifications to underwriting and programs this year to reduce risk, said Dan Chait, president of World Omni Financial Corp., which oversees the captive. Lenders across the industry are tightening credit to reduce risk, Chait told Auto Finance News. “We realized this [trend] is justRead More

MUSA Launches Online Portal to Ease Application Process

MUSA Launches Online Portal to Ease Application Process

August 10, 2017 at 11:15 am 0 comments

MUSA Auto Finance announced the launch of a new online portal today to allow dealers to submit applications, receive decisions, and print pre-populated lease contracts, according to a company press release. During each transaction, dealers send MUSA the customer and vehicle information, agreed-upon vehicle price, and down payment through Dealertrack,Read More

World Omni Launches Call Center Tool to Enhance Customer Experience

World Omni Launches Call Center Tool to Enhance Customer Experience

August 9, 2017 at 10:15 am 0 comments

World Omni Financial Corp. continues to invest in technology to improve customer services, following the launch of its new call center tool, President Dan Chait told Auto Finance News. “To better serve our customers, we roll out enhancements in our system every few months,” he said. “We focus on improvingRead More

LightStream Grows Despite Consumer Awareness Hurdles

LightStream Grows Despite Consumer Awareness Hurdles

August 9, 2017 at 9:15 am 0 comments

LightStream’s powersports originations continue to grow, despite challenges to raise consumer awareness about the company’s unsecured loan offering, Business Development Officer Todd Nelson told Powersports Finance. While Nelson declined to offer origination numbers, he said LightStream’s portfolio — which includes home improvement, auto, and powersports loans — has grown by $5Read More

AmeriCredit’s ABS Performance Remains Stable, Moody’s Says

AmeriCredit’s ABS Performance Remains Stable, Moody’s Says

August 8, 2017 at 12:00 pm 0 comments

AmeriCredit’s subprime ABS deals “have weathered better than its subprime peers” — including the lender’s most recent securitization — thanks to its “prudent” underwriting process, according to a presale report by Moody’s Investors Service. The AmeriCredit Automobile Receivables Trust 2017-3 is a $1.3 billion transaction backed subprime retail installment autoRead More

Hyundai Raises Credit Quality in Latest Securitization

Hyundai Raises Credit Quality in Latest Securitization

August 7, 2017 at 11:45 am 1 comment

Hyundai Capital America increased the credit quality in its latest securitization, resulting in the highest weighted average Fico score of any post-recession Hyundai transaction, according to a presale report by Moody’s Investors Service. The Hyundai Auto Receivable Trust 2017-B is a $1 billion transaction backed prime retail installment auto loan contracts. TheRead More

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