Ally Acquires BlueYield as Auto Originations Decline
Ally Financial Inc. is building up its direct auto lending with the acquisition of BlueYield, an online auto lender exchange ...
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Wells Fargo Auto Originations Down 2% YoY
Via Flickr Wells Fargo Dealer Services saw a 2% year-over-year drop in originations -- at $8.1 billion -- in the third quarter, compared with $8.3 ...
America First Credit Union Launches Innovation Center
America First Credit Union’s Innovation Center -- a collaborative hub to showcase the company’s latest technology solutions — is slated to ...
Westlake’s Latest ABS Shows ‘Negative Shift,’ S&P Says
Westlake Financial Services is prepping its second securitization of the year, backed by $550 million of subprime auto loan receivables, ...
New Fico Includes Trended Data
TransUnion and Fico unveiled the Fico Auto Score 9 XT -- a new score that incorporates alternative data, the companies announced yesterday. Based on ...
It’s Not Your Father’s Servicing System
We have all read the headlines. With continued high demand expected for loans and leases, and over one trillion dollars ...
CPS Implements Text and Tablet Apps for 2Q16
Customer Portfolio Services (CPS) is continuing to overhaul its collection process. “We’re testing a smart tablet payment application to download from ...
FCA’s $350MM Securitization Shows ‘Structural Changes’
Flagship Credit Acceptance LLC (FCA) is preparing an asset-backed securitization worth $350 million in a transaction set to close on ...
