Panelists bringing more than three decades of experience will join Auto Finance News to discuss the impact of auto loan extensions on portfolio performance and post-pandemic loss mitigation strategies during the Auto Finance Risk Summit on Tuesday, May 11, at 12:35 p.m. ET. The summit returns as a virtual experience May 11 and 12.
During the first few months of the coronavirus pandemic, some auto lenders offered relief for consumers through loan extensions. This temporary fix kept delinquencies from skyrocketing, and allowed more time for customers to make payments. As the world begins to recover, lenders are raising questions regarding auto portfolio performance in the months to come.
Participants in the panel include Chief Risk Officer Nick Brown of Tricolor Auto Acceptance; Meredith Garland-Hannifin, chief compliance officer at Exeter Finance; Platinum Auto Finance Director of Servicing Armando Hidalgo; and Landon Starr, chief risk officer at Arivo Acceptance.
Panelists will share how lenders can prepare for possible changes to consumer compliance under President Biden’s administration, and a potential uptick in repossessions. Panelists will also provide insight into loss mitigation practices and servicing customers that are suffering from economic hardship.
Find the full Auto Finance Risk Summit agenda here.
Register for the Auto Finance Risk Summit to learn how to navigate new and existing risks facing the industry.
