Post Tagged with: "SpringboardAuto"

SpringboardAuto Scouts Bank Partners

SpringboardAuto Scouts Bank Partners

September 12, 2017 at 11:15 am 0 comments

San Francisco-based SpringboardAuto.com is seeking to form partnerships with banks, President Jim Landy told Auto Finance News. “We are currently partnering with 12 credit unions across the country, and we are licensed in 20 states,” he said, declining to name the partners. “We will now consider partnering with more [lenders],Read More

How to Create a Customer-Centric Auto Lending Experience

How to Create a Customer-Centric Auto Lending Experience

September 11, 2017 at 9:45 am 0 comments

The paper process during a transaction is a challenge lenders face in the space, because up to 3% of all loans initiated tend to not get booked, which would lead to “additional work” and “loss in revenue,” Theodore Papailion, director of value engineering at eOriginal, said during a webinar entitled HowRead More

Toyota Financial Uses Gamification to Teach Compliance

Toyota Financial Uses Gamification to Teach Compliance

May 17, 2017 at 10:23 am 2 comments

Toyota Financial Services is making compliance training “fun” by turning its sessions into a game, Linda Iannone, chief compliance officer for the captive, said during a panel at the Auto Finance Risk and Compliance Summit yesterday. The recent launch of the gamification program focuses just on compliance training around privacyRead More

Refinancing Shaves Lender Losses by 40%, Analyst Says

Refinancing Shaves Lender Losses by 40%, Analyst Says

December 7, 2016 at 10:30 am 0 comments

Lenders can avoid about 40% of the credit cost by refinancing a loan instead of originating it at the initial purchase, Brad Berning, senior research analyst at Craig-Hallum Capital Group LLC, told Auto Finance News. “That’s the little secret here that people don’t fully appreciate,” Berning said. “You have aRead More

SpringboardAuto Aims For 1-Hour Dealer Purchase

SpringboardAuto Aims For 1-Hour Dealer Purchase

October 5, 2016 at 11:30 am 0 comments

SpringboardAuto.com is preparing to move its refinancing and private-party auto financing platform into dealerships in the fourth quarter, a process that Chief Marketing Officer Stuart Holmes said will achieve the “holy grail” of getting a consumer in and out of a dealership within an hour. “It’s very simple for them to process the customer,” HolmesRead More

Springboard to Launch Direct Lending in 4Q

Springboard to Launch Direct Lending in 4Q

August 23, 2016 at 11:00 am 0 comments

SpringboardAuto.com, a marketplace lender for auto finance, expects to launch a direct-to-consumer loan product in the fourth quarter, said Stuart Holmes, the company’s co-founder and chief marketing officer. The new “Dealer Purchase” program, as it’s called, enables dealers to validate vehicle information and select their method of funding — ACH, check, or wire funding — when an approvedRead More

‘Fin’ Should Come First in Fintech, BofA SVP Says

‘Fin’ Should Come First in Fintech, BofA SVP Says

April 5, 2016 at 9:52 am 1 comment

LAS VEGAS — Many emerging players in the auto finance space tend to be a lot more “tech” and a lot less “fin,” David Hollodick, senior vice president of consumer vehicle lending at Bank of America, said last week at the AFSA Vehicle Finance Conference. “The technology is just so criticalRead More

[VIDEO] SpringboardAuto Launches Private Party Lending, More Products to Come

[VIDEO] SpringboardAuto Launches Private Party Lending, More Products to Come

April 4, 2016 at 12:28 pm 0 comments

SpringboardAuto.com, a marketplace lender for auto finance, launched its pilot phase in California and Florida, and completed its first deal on Tuesday, Founder and Chief Executive Jim Landy, told Auto Finance News. “We started off from private party financing that does not involve the dealer,” he said. “There is a significantRead More

Marketplace Lender ‘Welcomes’ CFPB Move

Marketplace Lender ‘Welcomes’ CFPB Move

March 17, 2016 at 12:00 pm 0 comments

Soon-to-launch auto finance marketplace lender SpringboardAuto.com views the Consumer Financial Protection Bureau’s recent announcement that it will soon accept complaints regarding online marketplace lenders as an “added opportunity for consumer feedback,” Stuart Holmes, chief marketing officer, told Auto Finance News.

SpringboardAuto Partnership Opens Platform to CU Members

SpringboardAuto Partnership Opens Platform to CU Members

March 8, 2016 at 3:11 pm 0 comments

A number of credit unions will soon be equipped to tap into marketplace lending for additional auto loan offerings. SpringboardAuto.com, a markeplace lender for auto finance, partnered with MeridianLink, an originations platform provider, with more than 20,000 lender clients. The partnership allows SpringBoard to offer “second look loans” for credit union members withRead More

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