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First Investors Integrates Defi LOS, Reporting Tool

First Investors Financial Services has implemented Defi Solutions' loan-origination system and reporting tools. Rollout of the two cloud-based products took four months, according to a press release. First Investors will use Defi LOS, as the system is called, to support its underwriting processes, including scorecard development, auto decisioning, and deal structuring. It will use Defi Analytics […]

How Lenders Can Strengthen Dealer Relations With Technology

Restrained auto sales growth, millennial reluctance regarding vehicle ownership, and ridesharing are changing demand and increasing competition. Savvy lenders are adapting to these trends with technology while establishing and solidifying dealer relationships to generate lending opportunities. Two types of technology are especially important for solid dealer relations. No. 1 is integration with dealer management systems, […]

Citizens One Prioritizes Dealers and Digital Initiatives, President Says

Citizens One Auto Finance will adopt e-contracting by yearend, President Craig Lamp told Auto Finance News. “In the second half of the year, we want to deliver e-contracting [to our dealers],” Lamp said. The e-contracting push is one element of a broader strategy launched in June 2017, when Citizens refreshed its loan-origination system with an […]