Post Tagged with: "Pelican Auto Finance"

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11 Executives Offer Predictions for 2018

IT, Operations December 28, 2017 at 9:00 am

From the expansion of mobility services to technology enhancements and continued depreciation of used-car values, a lot has been stirring in the auto finance space this year. And even more change is anticipated next year, according to some executives in the auto finance sector. Auto Finance News asked eleven executives,Read More

7 Auto Finance Innovation Ideas for 2018

7 Auto Finance Innovation Ideas for 2018

Uncategorized December 26, 2017 at 9:30 am

For the auto finance industry, the challenge is clear: a deluge of technology change is coming, and lenders need to take action to in order not to be shut out of the competition. Lenders, dealers and manufacturers need to think about mobile payment technology and how they plan to integrateRead More

8 Tips for Improving Collection Practices

8 Tips for Improving Collection Practices

Best Practices, Guides, Management, Operations, Payments August 16, 2017 at 12:18 pm

Delinquencies continue to climb to levels unseen since the financial crisis, which is why many lenders are focused on improving collections practices and bolstering their loss mitigation strategies. Auto Finance News spoke with four collections experts to pinpoint best practices and optimal strategies for mitigating losses and improving collections. HereRead More

Sharing Secrets — Roadblocks to Creating a Dealer Fraud Detection Network

Sharing Secrets — Roadblocks to Creating a Dealer Fraud Detection Network

Best Practices, Guides, Risk January 5, 2017 at 11:00 am

With dealer fraud reaching “higher than normal” levels for Pelican Auto Finance LLC, the subprime lender has been looking to develop a lender network to share dealer fraud insights, said Troy Cavallaro, the company’s chief executive. However, the company has been “unable to move the needle” on the project dueRead More

Behavioral Analytics Trim Risk, Experts Say

Behavioral Analytics Trim Risk, Experts Say

Operations, Risk May 13, 2016 at 11:40 am

If you are not at least exploring behavioral analytics in credit decisioning, you are lagging, according to Ray Antunez, credit risk manager at U.S. Auto Credit Corp. “What you start with is just going to be the information on the credit application, but you still need to at least makeRead More

Internal Cooperation is Key for Success, Experts Say

Internal Cooperation is Key for Success, Experts Say

Best Practices, HR, Management, Operations March 22, 2016 at 11:25 am

Companies should, first and foremost, focus on internal partnerships across all departments, particularly when implementing new technologies. “Technology initiatives affect nearly every business unit within organizations today,” John Reed, senior executive director for Robert Half Technology, said in a statement. One C-level position in particular has been picking up onRead More

WEBINAR: Embrace Technology to Engage Consumers

WEBINAR: Embrace Technology to Engage Consumers

Best Practices, IT, Operations March 15, 2016 at 9:59 am

Smartphones are “the future” when it comes to customer engagement, Joel Kennedy, co-founder and chief compliance officer at Pelican Auto Finance, said during a recent webinar, hosted by the Center for Auto Finance Excellence. “I might be stating the obvious here but: I can call you, I can text you,Read More

Companies Reconsider Corporate Titles, as Industry Evolves

Companies Reconsider Corporate Titles, as Industry Evolves

Best Practices, HR, Management, Operations January 25, 2016 at 11:53 am

The auto finance C-suite keeps expanding from the familiar list of CEO, COO, and CFO. As a result of technical innovation, competition, and outside threats, companies revisit job descriptions and create new titles to match those responsibilities, in the C-suite and in other ranks of upper management, experts say. “It’sRead More

CREDIT: Subprime Inches Up as Delinquencies Remain ‘Under Control’

CREDIT: Subprime Inches Up as Delinquencies Remain ‘Under Control’

Compliance, Operations, Risk, Sales & Marketing, Uncategorized August 26, 2015 at 8:26 pm

Auto loan delinquencies are “under control,” despite a continued rise in subprime lending, while recent concern about a so-called subprime “bubble” slowly deflates. That’s the upshot of auto finance credit performance today, analysts said. Subprime Continues to Rise Subprime or nonprime loans, as a percent of all lending, are atRead More