Articles by: William Hoffman

Credit Erosion: Cracks Are Starting to Show in Subprime Auto

Credit Erosion: Cracks Are Starting to Show in Subprime Auto

Fitch Ratings reported subprime delinquencies hit a 20-year high in March, and some of the smaller lenders in the space have cut back on originations, stopped issuing securitizations, or shuttered their doors completely, multiple sources told Auto Finance News. The number of new players entering the space has “slowed down,”Read More

New Webinar Explores How to Boost Dealer Relations

New Webinar Explores How to Boost Dealer Relations

IT

Auto lender Flagship Credit Acceptance, and loan portfolio buyer Innovate Auto Finance detailed the kinds of technologies they use to connect with dealers for a webinar entitled: Deepening Dealer Relationships: How lenders can win business in a time of increased competition? The webinar is the the first of a four-part seriesRead More

Credit Unions Look to Improve, Post 2016 Origination Growth

Credit Unions Look to Improve, Post 2016 Origination Growth

Credit unions, as a collective group, grew auto loan origination volume by about 7% in 2016, while all other loan providers — captives, banks, finance companies, and buy here pay here locations — saw volumes decline year over year, according to Michael Cochrum, vice president of analytics and advisory servicesRead More

Zest is Using Math to Comply with CFPB Disparate Impact

Zest is Using Math to Comply with CFPB Disparate Impact

When you think about the greatest invention of the 20th century, a few key technologies might come to mind: the personal computer, internet, antibiotics, or the electric guitar. But, for Douglas Merrill, founder and chief executive of Zest Finance, nothing compares to the Fico score. “The Fico score is theRead More

Executive Roundup: How to Foster a Dynamic Company Culture

Executive Roundup: How to Foster a Dynamic Company Culture

In order to foster innovation in the industry, leaders agreed teams need to feel comfortable speaking up and voicing their opinions – that’s the upshot from some executives in the auto finance sector. Whether that means collaborating on a whiteboard, establishing a healthy work-life balance, or not punishing inventive ideasRead More