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WEB3 days ago · Auto lenders lean into AI for customer service. Auto lenders are incorporating artificial intelligence into their processes to improve customer service automation and credit decisioning while eyeing uses... Auto Finance News is the nation’s leading source for news, insights and analysis on automotive lending and leasing.
Navy Federal Credit Union launches online car-buying platform …
WEBMar 12, 2021 · 0. Navy Federal Credit Union is expanding on its digital car-buying capabilities with a new online purchasing platform powered by the online new- and used-car marketplace TrueCar. Navy Federal, like many auto lenders, is looking for ways to streamline car buying and financing online amid a shift in consumer preferences, Joe Pendergast, vice ...
Rivian lease program key to increasing sales - Auto Finance News
WEBDec 5, 2023 · Rivian’s leasing launch last week through Rivian Financial Services was a key step for the challenger EV manufacturer to bolster sales and increase financing penetration as EVs struggle to gain a foothold. Rivian Financial Services launched a lease product for the R1T truck on Nov. 27. Plans for the product were first laid in January […]
Arivo Acceptance to update risk model, doubles footprint to 20 …
WEBFeb 2, 2022 · Subprime lender Arivo Acceptance is gearing up to roll out an updated credit risk model as the company nearly doubles its national footprint and moves its operations to a new facility. Arivo is now in 20 states, up from about 10 in pre-pandemic times, Chief Financial Officer Steve Pachella told Auto Finance News. The company […]
Santander acquires Gateway One $1B portfolio - Auto Finance News
WEBDec 19, 2019 · Santander Consumer USA is bolstering its servicing business via a newly inked acquisition of Gateway One Lending & Finance‘s $1.1 billion indirect auto loan portfolio, the companies announced on Wednesday. The acquisition includes an additional $500 million of indirect auto loan assets that SCUSA will service on behalf of TCF National Bank, the parent of […]
TD Auto to integrate loan payments on bank app
WEBMar 23, 2023 · Lender to expand real-time payments for dealers to Saturdays. TD Auto Finance plans to launch an integrated digital experience in the third quarter that allows customers to manage their auto loan using the bank’s mobile app. “The folks who take out an auto loan through our dealer network, once they’re in our book, [we’re] making sure ...
Paying dividends: A look inside GM Financial’s floorplan …
WEBGM Financial has set its sights on gaining more floorplan market share at franchised General Motors dealers, and the newest iteration of its Dealer Dividends program — which offers cash-back rewards in exchange for retail loan penetration — has served as a tipping point, turning longstanding wholesale relationships on their head as the captive stacks […]
Wells Fargo Auto Division Adopts New Name to Reflect Changes
WEBJan 26, 2018 · Wells Fargo Dealer Services is changing its name to Wells Fargo Auto in order to reflect the changes the company has made to its operations in the past year as well as open it up to more “creative” products, head of the division Laura Schupbach said in a press release. The biggest change the company has implemented is an effort to ...
AFS 2019: Chase Auto augments private-label ... - Auto Finance …
WEBNov 5, 2019 · LAS VEGAS — Chase Auto is looking to supplement its private-label financing venture with a “new business” focused on strategic partnerships that will leverage the private-label infrastructure, Chief Executive Mark O’Donovan said at the Auto Finance Summit. Chase Auto Chief Executive Mark O’Donovan (right) sits down for a fireside chat at the 2019 Auto Finance Summit
5 questions with - Auto Finance News
WEBNov 13, 2023 · Brown has been with Wells Fargo since 1997, starting as a market growth and development consultant. She also has held leadership positions across wholesale bank and home mortgage business lines and in the bank’s corporate strategy, according to LinkedIn.. In the third quarter, Wells Fargo had an outstanding auto portfolio of $49.9 billion, a decrease of 3.3% sequentially and 8.4% year over ...