We have all read the headlines. With continued high demand expected for loans and leases, and over one trillion dollars in auto financing already being serviced, it is an exciting time to be in auto finance. While there is a tremendous amount of potential marketshare available, the day-to-day demands forRead More

As automotive lenders know, leasing is a cyclical business tied to shifting interest rates. For decades, as rates have gone up, so too has consumers’ adoption of leasing. However, an interesting shift in leasing dynamics may be upon us. In a record year, leases accounted for 23 percent of new car sales in 2013, a figure that is expected to climb higher still by the end of 2014.

Following the rebound of automotive leasing and lending in recent years, greater importance is being given to updating technology infrastructures

Dealer reserve is an instrumental function of the auto loan financing process. In a routine that is familiar to most lenders, the dealer collects information, except for elements referencing protected classes, about buyers during closing and documentation activities.

Over the last six to twelve months, Fiserv has had the opportunity to work with numerous financial institutions in establishing vendor management programs.  Although we have seen numerous approaches to these programs, there has been one consistent theme:  the desire for formal documentation.  Along with that need, the majority ofRead More