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The Warning Against ‘Aggressive’ Underwriting Goes Alternative | The Center For Auto Finance Excellence
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White Papers & Links. The Warning Against ‘Aggressive’ Underwriting Goes Alternative. April 17, 2015 by Phil Ryan. Times are good for lenders, but will an interest rate hike, expected later this year, or an economic downturn, end the party? Not if lenders stick to a solid foundation of smart underwriting. That was the message at the LendItUSA conference, a gathering of the alternative lending community that drew more than 2,400 attendees to New York earlier this week. Cagney said he could underwrite loan...
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HR | The Center For Auto Finance Excellence
http://autofinanceexcellence.org/category/best-practices/hr
White Papers & Links. Coping with CFPB Exams: How to Handle the Findings [VIDEO]. First comes the exam, then come the findings. And one sign of a good exam is no surprises, according to Linda Iannone, chief compliance officer at Toyota Financial Services. By the time you get to the closing meeting, you should already know what the findings are going to be, and Read More. Innovation & Company Culture More Than Just Talk. Internal Cooperation is Key for Success, Experts Say. The auto finance C-suite keeps e...
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The Center For Auto Finance Excellence | - Part 3
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White Papers & Links. Compliance Insider: Time for an Alignment? We frequently will do a review of a sampling of a dealer’s deal jackets as a way of assessing the general level of the dealer’s compliance with state and federal laws. When the dealer’s deal jackets hit my desk, the first document I look at is the retail installment contract. Read More. Compliance Insider: Write a Rule. Compliance Insider: Please Pass the Gravy. Compliance Insider: Nobody Likes a Bully. The Consumer Financial Protection Bur...
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By How Much Will Interest Rates Increase? | The Center For Auto Finance Excellence
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White Papers & Links. By How Much Will Interest Rates Increase? April 17, 2015 by JJ Hornblass. More than a few lenders have been holding their breath, anticipating a notable increase in interest rates. They might want to exhale now. I was surprised to read two new reports that implied interest rates might stay where they are — the US Treasury 10-year is at the wildly low 1.89%. 8212; for some time. The first was from Freddie Mac. The mortgage agency does a weekly review. The Wall Street Journal. Even if...
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Management | The Center For Auto Finance Excellence
http://autofinanceexcellence.org/category/best-practices/management
White Papers & Links. Coping with CFPB Exams: The Top ‘Dos and Don’ts’ [VIDEO]. A company’s legal representation should not be present during an exam from the Consumer Financial Protection Bureau, according to Richard Miller, director of compliance at Hyundai Capital America. There’s a different level of animosity that comes with having a separate legal counsel in that role as a participant in the Read More. Online Compliance Training Needs More Engagement. IRVING, Texas — It’s important to u...Like so m...
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Industry Resources | The Center For Auto Finance Excellence
http://autofinanceexcellence.org/industry-resources
White Papers & Links. The Center’s partner, Fiserv, has made available the following series of white papers on auto finance best practices:. Credit Scoring Evolves to Meet Challenges. EContracting Enables Big Efficiency Gains. Five Keys to Successful Remarketing. High Touch Customer Contacts. Dealing with the CFPB Conundrum Regarding Indirect Auto Lending. To submit a white paper to the Center, please email Marcie Belles at mdbelles@royalmedia.com. Compliance Insider: Another Step Too Far. VIDEO] Blockch...
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Tips For Monitoring Dealer Compliance | The Center For Auto Finance Excellence
http://autofinanceexcellence.org/on-alert-tips-for-monitoring-dealer-compliance
White Papers & Links. Tips for Monitoring Dealer Compliance. April 29, 2015 by George Yacik. Monitoring the behavior of another company and its employees may seem difficult, but with the right data and tracking, it’s easier than you might think. Like other lenders that make loans through automobile dealers, Pelican Auto Finance LLC. Is required by the Consumer Financial Protection Bureau. The first step in the process is to apply a great deal of diligence when we on-board the dealer and agree to purchase...
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IT | The Center For Auto Finance Excellence
http://autofinanceexcellence.org/category/best-practices/it
White Papers & Links. Lenders Seek Balance When Investing in Innovation. It’s no secret that being first to market when investing in innovation can offer a competitive edge, but lenders must be prepared for the complications that come with investing in unproven technology. However, those that don’t lead the charge, risk being too late to the punch so where is Read More. Business Process Outsourcing: An Auto Lender’s Road Side Assistance. WEBINAR: The Key to Marketplace Lending is the Digital Platform.
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Webinars | The Center For Auto Finance Excellence
http://autofinanceexcellence.org/webinars
White Papers & Links. Using Behavior Analytics to Bolster Performance. The Center for Auto Finance Excellence. Invites you to view the “Using Behavior Analytics to Bolster Performance “. Access this 30-minute webinar now, the third part of a four-part FREE. Webinar series, presented by the Center for Auto Finance Excellence. Through the generous support of Fiserv and Datascan. In the “Using Behavior Analytics to Bolster Performance” webinar, topics covered include:. Best practices for analytics innovation.
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Webinar To Explore Boosting Lending Through Online Engagement | The Center For Auto Finance Excellence
http://autofinanceexcellence.org/webinar-to-explore-boosting-lending-through-online-engagement
White Papers & Links. Webinar to Explore Boosting Lending Through Online Engagement. April 29, 2015 by Phil Ryan. The Center for Auto Finance Excellence is pleased to present a webinar offering best practices for online engagement for auto lenders. How do today’s buyers begin their vehicle purchase processes, and what can lenders do to help? How can lenders build trust with buyers without a face-to-face meeting? Are there ways lenders can help keep consumers’ time at the dealership to a minimum? Business...