Chase Automotive and Bank of America Dealer Financial Services will send their top executives to participate in what is shaping up to be an impressive speaker faculty for the 2009 Auto Finance Summit.
Highlights of the speaker roster include:
• Ellsworth Clark, president, Bank of America Dealer Financial Services
• Marc Sheinbaum, president and CEO, Chase Auto Finance
• Jeffrey Young, president and CEO, Mitsubishi Motors Credit of America
• Dan Berce, president and CEO, AmeriCredit Corp.
• Chuck Smith, senior vice president of lending, San Antonio Federal Credit Union
• Bill Shope, vice president of portfolio management, World Omni Financial Services
• Robert McDonald, vice president, Goldman Sachs
Click here for the complete list of speakers to date.
And for the complete agenda, go here.
Hundreds of executives — from captives, banks, credit unions, independent finance companies, and Wall Street firms — are scheduled to attend the conference in Las Vegas Oct. 12-13. Comprehensive information on the Summit is available at www.autofinancesummit.com.
It’s unclear to me how a manual decision would help solved your premise. Underwriters don’t have access to most of the factors that would allow them to judge the potential for unemployment.
A better solution would be an affordable unemployment insurance product. A proper developed product. Most of the product development for a product like this has been on the consumer side. A collection side product could help increase profit and help collectors with customer service. The product I have in my head would be purchased by the bank on certain loan tiers. I brochure could be sent out to customers explaining how they are “already signed up” for this product. “Welcome Callers” could also ask other tiered customers if they would like to add the product to their loan.
This concept would still help keep underwriting cost down and add after the loan revenue to the contract holder.