Post Tagged with: "2017 Auto Finance Summit"

Lenders Advised to Take Action to Invest in Mobility [VIDEO]

Lenders Advised to Take Action to Invest in Mobility [VIDEO]

Best Practices, Operations February 22, 2018 at 10:00 am

As mobility services continue to grow, transforming the auto finance landscape, lenders are advised to take action to keep up with the evolving auto space, several executives said during a panel discussion at the 2017 Auto Finance Summit last October. “The people we are in business with are not watching, butRead More

Disruptive Economy Offers ‘Big Role’ for Auto Lenders, GM Financial CEO Says [VIDEO]

Disruptive Economy Offers ‘Big Role’ for Auto Lenders, GM Financial CEO Says [VIDEO]

Best Practices, Operations February 1, 2018 at 11:00 am

Mobility and disruptive technology continue to develop in the automotive industry, and there’s a “big role” for auto finance companies in a disruptive economy, according to Dan Berce, president and chief executive of General Motors Financial Co. As General Motors Co. — GM Financial’s parent — takes more strides intoRead More

© Can Stock Photo / tashatuvango

3 Tips for Complaint Management

Best Practices, Compliance, Guides, Management December 5, 2017 at 11:00 am

Complaining is an age-old habit of customers, but too many complaints about lending can lead to oversight from regulators. As such, there are some key ways to mitigate customer complaints — such as introducing some dedicated internal policies that show tangible examples of what a lender is doing to addressRead More

From left, Jeff Danford, SVP of Auto Finance at Ally Financial; David Hollodick, SVP, Product and Pricing Executive Consumer Vehicle Lending at Bank of America; and
Chas Roscow, Director, Vehicle Lending at State Farm Bank, discuss direct lending trends in a panel discussion at the 2017 Auto Finance Summit.

Lenders to Boost Investment in Direct Lending, Mobile Apps in 2018

IT, Operations November 22, 2017 at 11:06 am

LAS VEGAS — Many auto lenders plan to increase their investment in direct lending and mobile applications in 2018, according to a poll conducted at the 2017 Auto Finance Summit. Out of all attendee respondents, 35% said direct lending is where they will increase their digital technology investment/spending the most nextRead More

Loan Approval Rates Remain Unchanged, Poll Reveals

Loan Approval Rates Remain Unchanged, Poll Reveals

Operations November 13, 2017 at 10:54 am

LAS VEGAS — Many lenders agreed that loan approval rates over the past 12 months “remained basically unchanged,” according to a poll conducted at the 2017 Auto Finance Summit late last month. Out of all attendee respondents, 53% said approval rates remain unchanged, trailed by 25% of respondents who said loan approval ratesRead More

Lenders Expect 2018 Volume Growth to Stem From New Products

Lenders Expect 2018 Volume Growth to Stem From New Products

Operations November 6, 2017 at 11:46 am

LAS VEGAS — Many auto lenders expect to find financing growth through new products or services in 2018, according to a poll conducted at the 2017 Auto Finance Summit late last month. Out of all attendee respondents, 36% said new products and services is where they expect to find growth,Read More