We are excited to announce the NEW Auto Finance Compliance Summit, which will be held in conjunction with the 7th Annual Auto Finance Risk Summit will take place May 5-6, 2014 at the Island Hotel, Newport Beach, CA.
The Auto Finance Compliance Summit will offer auto finance industry professionals the first dedicated full-length forum for sharing insights, best practices and practical intelligence on regulatory compliance matters of import to lending companies and compliance practitioners alike.
As a combined event, the Auto Finance Compliance & Auto Finance Risk Summit is an excellent opportunity for your entire management team to be briefed on all aspects of risk management and compliance for the coming year. Registration to either event includes access to sessions for both the Auto Finance Risk Summit and Auto Finance Compliance Summit, as well as the exhibit hall.
Click the icons below to learn more about the Auto Finance Risk Summit & Auto Finance Compliance Summit
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Mike is correct. True underwriting would identify the opportunities and then use specialists to fine tune the results. However, laziness and the quest for operational cost reduction were part of the ingredients of the house of cards built by reliance on esoteric formulas designed by geeks and not by subject matter experts.
Just remember, that most of these systems are like driving a car by using only the rear view mirror as the guide.
I am waiting for FairIssac to explain why the loss results of lenders using their systems did not perform as predicted;or, are they saying that the lenders wanted the loss rates associated with their asset sourcing over the last 5-6 years.
In lending, adversity is the true test of the quality of manangement. Stupid in = stupid out.