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SAFCO enters military lending following SNAAC acquisition
WEBSouthern Auto Finance Co. (SAFCO) will start originating loans this quarter for military personnel following the subprime lender’s acquisition of Security National Automotive Acceptance Company’s (SNAAC) front-end origination assets, SAFCO’s Director of Sales and Marketing Zack Sawyer told Auto Finance News. Fort Lauderdale, Fla.-based SAFCO purchased SNAAC’s intellectual property and ...
Wells Fargo Invests in Automated Underwriting ... - Auto Finance …
WEBMar 8, 2019 · Jerry Bowen, Executive Vice President & Head of Dealer Relationships & Product, Wells Fargo Auto. After 18 months of tightening the reins, Wells Fargo Auto is on a growth trajectory, with a focus on investments to automate credit decisioning, Jerry Bowen, executive vice president and head of dealer relationships …
TD Auto to integrate loan payments on bank app
WEBMar 23, 2023 · 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 that they have a fully integrated mobile […]
Ford Credit Launches Lincoln Automotive Financial Services
WEBFord Motor Credit Co. has announced the launch of Lincoln Automotive Financial Services to provide a customized customer experience for the luxury brand. The new finance company will provide financing to consumers who own or plan to purchase Lincoln models. Customers who currently use Ford Motor Credit to finance their Lincolns were transferred automatically to […]
Arivo Acceptance to update risk model, doubles footprint to 20 …
WEBSubprime 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 […]
Amanda Harris, Author at Auto Finance News
WEBAmanda Harris, Author at Auto Finance News. Amanda Harris, Author at Auto Finance News.
Arivo Acceptance breaks into direct refinance - Auto Finance News
WEBSubprime lender Arivo Acceptance has launched direct refinancing to expand its offering to more subprime and nonprime borrowers. West Valley City, Utah-based Arivo offered direct refinancing as a beta program in June 2022 by alerting consumers by mail, Landon Starr, chief risk and information officer at Arivo, told Auto Finance News, noting he …
BREAKING: Wells Fargo Dealer Services to Merge 60 Regional …
WEBMay 31, 2017 · Wells Fargo Dealer Services is in the process of consolidating its network of collection centers, a company spokeswoman confirmed to Auto Finance News. “Wells Fargo Dealer Services is reorganizing its collections activities in order to improve the customer experience,” the company said in an emailed statement. “Dealer Services is evolving to meet changing needs of […]
Nicholas Financial acquires $19M of Platinum Auto Finance’s active ...
WEBFeb 21, 2020 · Subprime lender Nicholas Financial is acquiring $19 million of Clearwater, Fla.-based Platinum Auto Finance’s active indirect auto portfolio, the companies announced last night. “All 2,176 accounts were onboarded last night and are now on our servicing platform and balance sheet,” Nicholas Financial Chief Executive Doug Marohn told …