Subprime Issuers Gain Share of ABS Market

NEW YORK — Though subprime originations have declined, “a greater share of these originations are making their way into the securitization market,” Amy Martin, senior director of structured finance ratings at S&P Global Ratings, said during the agency’s Auto Industry Hot Topics event last month. With banks reducing their loan volume, independent finance companies have […]

Multiple Speakers Set to Engage in Performance and Compliance Summit

Auto Finance News is proud to welcome a full slate of diverse speakers to this year’s Auto Finance Performance & Compliance Summit to be held May 9-10 at the Omni Dallas. The speaker faculty has been finalized with two industry veterans opening the first day of the conference for fireside chats about risk and compliance. […]

Subprime Lender GLS Plans Mobile Wallet Integration

SAN FRANCISCO — Atlanta-based subprime lender Global Lending Services is aiming to build a mobile wallet by yearend, Andy Clements, senior vice president of information technology, said at Auto Finance Innovation 2018 last week. “We don’t, right now, have the mobile wallet, but we have that on the radar for the year,” he said. Ultimately, […]

3 Lenders to Share Insights on Building Compliance Management Systems

Three auto lenders are poised to share their insights for developing a comprehensive compliance program at this year’s Auto Finance Performance & Compliance Summit. The session, entitled “Practical Guidance for Developing a Compliance Program,” will take place Thursday, May 10, and include panelists Michael Lavin, executive vice president and chief legal officer for Consumer Portfolio […]

Subprime Lender Pushes Automation Amid Volume Gains

Global Lending Services LLC looks to “push the boundaries of automation” to further increase volume on the heels of doubling originations year over year to $558 million in 2017, Senior Vice President of Information Technology Andy Clements told Auto Finance News. “Automation is not really about [being] a cost-savings play, it’s about speed, consistency, scalability, and […]

AutoGravity Partners With Subprime Financier Global Lending Services

The online and mobile financing app AutoGravity has added a new subprime lender to its suite of lenders with the addition of Global Lending Services LLC, the company announced in a press release today. The Atlanta-based lender is small, especially compared with some of the other captive partners already operating on AutoGravity, but it has […]