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Vroom’s data-driven credit engine and scoring enhancements are expected to improve credit performance in future securitizations. The weighted average FICO across Vroom subsidiary United Auto Credit Corp.’s (UACC) pool of loans eligible for securitization was up 39 basis points as of the second quarter compared with a WA FICO of 577 in the financier’s latest auto […]
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Auto lender Arivo Acceptance wanted to develop new software faster, so it enlisted a group mainly comprised of interns with...
Extra-long car loans can lower consumers’ monthly payments, but they also keep dealers from selling vehicles to those customers for...
Alternative asset management firm Bayview Asset Management in the past five years has purchased about $25 billion in auto collateral through bulk...
Luxury vehicle dealerships are fighting a rapidly growing scam in which fraudsters impersonate delivery companies to steal vehicles. Kalamazoo, Mich.-based...
David Thompson
David Thompson
David Thompson
