"It's pretty safe to say that almost nobody in the sub-prime auto lending business automatically APPROVES loan apps without human intervention. In sub-prime, evaluating the "story" that goes with every borrower is indeed the key to…"
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Mark Gleason commented on Mike Gibb's blog post Automated Underwriting and Subprime Lending: Oil and Water?Mark Gleason commented on Mike Gibb's blog post Collecting Creatively"Of course OnStar already knows my location and can send an ambulance - I opted in for that. I didn't opt in to give OnStar to right to shut down the car if some collections agent claims I owe them money. And even if I agree to a default…"
Mark Gleason commented on Mike Gibb's blog post Collecting Creatively"If the idea that the borrower's OnStar (or whatever) system could be used to disable the car based on some third party's claim was very explicitly disclosed upfront and if the borrower explicitly agreed in writing, then maybe someone…"
Mark Gleason commented on Mike Gibb's blog post A Manual Disconnection"I absolutely believe that standards are do-able. While I don't necessarily agree that auto finance is less "cohesive" than mortgage, it is true that it's not very well connected at the mid-market level, especially amongst…"
Mark Gleason commented on Mike Gibb's blog post A Manual Disconnection"Another key reason is that no data standards exist at this level of the auto lending market, which is something I've been railing about for a while. The total hodge-podge of mostly old, mostly not- web-connected servicing systems being used by…"
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- First & Last Name
- Mark Gleason
- Corporate Title
- President
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- NetFinance Solutions. Inc.
- Type of Company:
- Service Provider
- Company Description
- Web-based Loan Management Technology Solutions
- City, ST
- Long Beach, CA
- Which of the following best describes your title?
- C-Level
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