The Auto Finance News team is pleased to announce that Ajit Nalla, chief risk officer at Chase Auto, will sit down for a one-on-one fireside chat to discuss auto finance risk management trends in the age of digital transactions, inventory shortages, soaring vehicle values and fluctuating consumer confidence at 9:05 a.m. on Tuesday, April 26, during the Auto Finance Risk Summit.
The 2022 Summit returns live at the Intercontinental San Diego on April 25-26. View the full agenda here.
Nalla was named chief risk officer at Chase Auto in September 2021, and has served with JPMorgan Chase for more than 15 years.
Despite inventory challenges and elevated vehicle prices, Chase Auto experienced a record-breaking year, with the lender logging a 14% year-over-year increase in origination volume to $43.6 billion at yearend 2021, contributing to an average portfolio of $86.2 billion in loans and leases, up 1.2% YoY. Chase Auto’s delinquencies and credit losses also remained down YoY every quarter of 2021, allowing the lender to release $75 million in reserves in Q2 and Q4.
JPMorgan Chase also capitalized on increased digital adoption spurred by the pandemic, with the number of active mobile users reaching 44.3 million in Q3, a 10% YoY increase.
The Auto Finance Risk Summit offers networking and an in-depth look at emerging risk factors affecting the industry, including changing federal regulations and top-of-mind issues associated with the COVID-19 pandemic. More information on the summit is available here. Register for the event here.
