How ABS Credit Enhancements Are Masking Subprime Risk [PODCAST]

Multiple subprime auto securitizers are coming to the market with lower average Fico scores, longer terms, and higher loan-to-value ratios than their previous issuances. Yet, these deals are being rewarded with higher ratings. Joseph Cioffi, a partner at Davis & Gilbert LLP, has identified a fair amount of risk in this pattern and joined the […]
  • William Hoffman
  • February 26, 2018
  • 3

AutoGravity to Add Security Features to Auto Loan App, CTO Says [PODCAST]

AutoGravity is prioritizing the implementation of new security features for its mobile app as part of its digital roadmap this year, in addition to exploring uses for biometrics, the company’s new Chief Technology Officer Sheng Wang said during episode 6 of The Roadmap. One of the natural “blocking points” in the online consumer finance process […]
  • Natalie Mattila
  • January 23, 2018
  • 0

Alternative Deal Structures Gain Ground [PODCAST]

Alternative deal structures — in which lenders can offer potential borrowers with multiple finance options in response to a single credit request — are becoming more prominent as borrowers continue to seek instant credit decisions, said Scott Hendriks, director of product management for auto originations at Fiserv. “There are many options available to customers in […]
  • Natalie Mattila
  • December 21, 2017
  • 0

Security Service Adjusts Underwriting to Optimize Success [PODCAST]

Security Service Federal Credit Union attributes its No. 1 overall ranking in the 2017 Auto Finance Performance report to managing success by focusing on dealer and member service, and not by trying to gain marketshare, said the credit union’s Executive Vice President and Chief Lending Officer Charles Goss. “What we try to do is be […]
  • Natalie Mattila
  • October 30, 2017
  • 0

Subprime Defaults Rise as Nonbank Competition Increases [PODCAST]

Subprime auto defaults reached $1.8 billion as of June, making up about 80% of all defaults in the market, Michael Vogan, automobile economist in the credit analytics department at Moody’s Analytics, said during Episode 2 of The Auto Finance Roadmap. Last month, The Center for Auto Finance Excellence — sister site to Auto Finance News — launched The Roadmap, […]
  • Natalie Mattila
  • September 18, 2017
  • 0

Center for Auto Finance Excellence Launches New Monthly Podcast

The Center for Auto Finance Excellence, the sister site to Auto Finance News, is pleased to announce its inaugural episode of The Roadmap — a new monthly podcast series, which will cover best practices and trending topics in auto finance. For the first episode of The Roadmap, we host Chuck Jones, head of national indirect […]
  • Natalie Mattila
  • August 14, 2017
  • 0
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