Tag: auto originations

Delinquencies climbed in the second quarter across prime and super prime auto loans as affordability pressures continue to prompt a shift toward longer-term loans.  The industrywide ...

TD Bank is reaping the rewards of its continued investments in AI and is close to hitting its target for AI-driven ...

Vroom is using internal VIN and credit performance data to improve underwriting, risk management and operational efficiency as it eyes expansion ...

AI-based fintech Upstart expects to enter the auto asset-backed securitization market down the road.  Upstart's predominant securitization activity is in unsecured loans, Sanjay Datta, president of capital ...

Arvest Bank is integrating new capabilities to enhance automation and grow auto originations.   Bentonville, Ark.-based Arvest has signed on with TruDecision, the fintech’s Chief Executive Daniel Parry announced in July on LinkedIn. TruDecision provides analytical tools and ...

AI-based fintech Upstart grew its auto loan originations in the second quarter while halting its auto refinance business to focus ...

Consumer Portfolio Services‘ originations rose 75% year over year in the second quarter while credit performance improved.  CPS purchased $757.7 million of ...

Subprime lender Credit Acceptance Corp.‘s originations volume ticked up in the second quarter on a dollar basis as it signed on ...