5 Tips to Lower Mobile App Bounce Rates

As more millennials enter the car-buying market, it becomes an integral part of any lender’s business plan to enhance mobility efforts to meet consumer technology demand. Mobile apps have penetrated virtually every industry there is, from food delivery services to online dating. Financial services, and auto finance in particular, are not an exception. The challenge: […]
  • Huixin Deng
  • July 13, 2017
  • 0

6 Practical Tips for Compliance Management

Whether an auto lender has 100 compliance staffers or one, an effective compliance management system should be at the top of the priority list, said Richard Miller, chief compliance officer at Hyundai Capital America, in a session at the Auto Finance Risk & Compliance Summit last month. In a nutshell, a compliance management system – […]
  • Marcie Belles
  • June 7, 2017
  • 0

Steer Clear of These 4 Remarketing Pitfalls

Just this month, top leaders at Black Book announced a downward trend of retention values on used vehicles triggered primarily by new vehicle incentives, interest rates, and a declining demand of certified pre-owned. With projections of a continued weakening of the used vehicle market ahead, and an excess of supply, every dollar counts when remarketing. If […]
  • Sagent Lending Technologies
  • April 27, 2017
  • 1

New Webinar Explores How to Boost Dealer Relations

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 series to be presented by the […]
  • William Hoffman
  • March 24, 2017
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Best Practices For a More Profitable Lender and Dealer Relationship

In DataScan’s ongoing effort to provide useful information regarding the automobile floor plan industry, we occasionally call upon our clients to help bring perspective to a subject.  As such, we came across this great article written by NextGear Capital.  It is an informative piece on floorplan lending best practices for the independent auto dealer.  When […]
  • Datascan
  • March 16, 2017
  • 0

Sharing Secrets — Roadblocks to Creating a Dealer Fraud Detection Network

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 due to lack of lender participation […]
  • Natalie Mattila
  • January 5, 2017
  • 0

5 Questions Your Board Should Be Asking the Chief Compliance Officer

As fiduciaries, board members have a responsibility to shareholders to oversee many aspects of a company’s business, including compliance with laws and regulations. Board oversight of compliance is also an expectation of federal and state regulators. As a corporate governance advisor and a current Chief Compliance Officer, I have seen first-hand the struggles some boards […]
  • Linda Iannone
  • September 14, 2016
  • 0

3 Actions Lenders Can Take to Improve the CMS

There are many “tangible activities” that can be done to maintain the compliance management system and improve the framework, said Mike Lavin, executive vice president and chief legal officer at Consumer Portfolio Services Inc. Lenders preparing for regulation and eventual exams by the Consumer Financial Protection Bureau need to make maintaining their CMS a top priority, which is exactly what CPS […]
  • Natalie Mattila
  • July 22, 2016
  • 0

3 Steps for a Successful ABS Offering

Issuing a securitization can “help out with the bottom line” and generate increased interest from investors, according to Donal Hummer Jr., ThunderRoad Financial’s president and chief executive. However, the securitization process is “very engaging,” time-consuming, and requires many moving pieces, he said during a First Associates Loan Servicing webinar entitled Securitization: A Case Study. The powersports lender’s […]
  • Natalie Mattila
  • June 22, 2016
  • 0
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