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Subprime lender MidAtlantic Finance Company is analyzing its defaults to identify borrowers misrepresenting their employment and income information, a problem that cost auto lenders an estimated $4.7 billion in 2021. “We started studying our defaults; we probably review more of our defaults today than we ever have,” Mike Pereira, vice president of lending operations at […]
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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
