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August 15, 2016 - Industry News

J.D. Power: Speed No Longer Top Consideration When Selecting Finance Sources

While speed is no longer a leading factor, it still plays a significant role, according to J.D. Power's 2016 U.S. Dealer Financing Satisfaction Study. The finance sources leading the way in terms of dealer satisfaction were Mercedes-Benz Financial Services and BMW Financial Services.

Tags: dealers, J.D. Power, Lender, Study

July 28, 2015 - Industry News

J.D. Power: Dealers Willing to Pay for Better Lender Services

The firm found that dealers are willing to pay a premium for high-quality service from finance providers, including dedicated underwriters and dealer-focused sales reps.

Tags: econtracting, floorplan financing, J.D. Power and Associates, Lender, underwriting and collections

September 12, 2013 - Industry News

CU Direct Connect Becomes Preferred Lender for Sonic

CU Direct Connect now operates as a preferred lender for Sonic Automotive dealerships in Colorado.

Tags: CU Direct Connect, CUDC, Lender, Sonic Automotive

July 25, 2013 - Industry News

Black Book: Pickups Represent Growth Opportunity for Finance Sources

Compact, mid-size and full-size pickups should offer a strong growth opportunity for auto lenders looking to expand their portfolios, according to data from Black Book Lender Solutions.

Tags: auto finance, BlackBook, Brittany-Marie Swanson, Lender, vehicles

February 14, 2013 - Industry News

Equifax Bolsters Automotive Services Team

Equifax announced three new additions to its Automotive Services division, part of the firm’s effort to accelerate the development and distribution of new products and services to the automotive industry.

Tags: Automotive Services, dealer, Equifax, Lender, Products, Service

February 12, 2013 - Industry News

Dealertrack Unveils Mobile F&I Menu at NADA 2013

DealerTrack rolled out two mobile tools at the industry’s annual get-together, showcasing a mobile F&I menu for the iPad and a new mobile DMS reporting tool.

Tags: dealer, Dealertrack, eMenu, F&I, iPad, Lender, mobile app, NADA

March 6, 2012 - Industry News

Financial Services Firms, Banks Expand Social Media Usage

A report by Change Sciences Group revealed that some banks and other financial services firms are using social media to change their image.

Tags: banks, Finance, Lender, social media

February 7, 2012 - Industry News

Ally Tops Experian Rankings

Experian Automotive announced that Ally Financial was the top consumer auto sales financier in the U.S. marketplace.

Tags: Ally Financial, Experian, Finance, Lender

February 1, 2012 - Industry News

MBFS to Appear on DealerTrack Credit Platform

Mercedes-Benz Financial Services USA LLC and DealerTrack announced that MBFS will become a lender on the DealerTrack credit application network beginning in March.

Tags: Dealertrack, Lender, Mercedes-Benz, Mercedes-Benz Financial Services

January 31, 2012 - Industry News

E-Credit Express Announces Partnership

E-Credit Express Inc. announced that it has integrated Carleton’s SmartDocs and SmartCalcs hosted web services into the company’s lender management platform.

Tags: Carleton, compliance, E-Credit Express, Lender, lender management software

November 17, 2011 - Industry News

Capital One Launches Diamond Dealer 3.0

Capital One Auto Finance announced the launch of Diamond Dealer 3.0, an upgraded version of its preferred dealer program that promises full-spectrum lending and improved services to dealers.

Tags: Capital One Auto Finance, Diamond Dealer, full-spectrum finance, Lender

August 30, 2011 - Industry News

Medallion Bank Joins AppOne Platform

Wolters Kluwer Financial Services announced that Medallion Bank is now available to marine and RV dealers through its AppOne Platform.

Tags: AppOne loan platform, Lender, marine dealerships, Medallion Bank, recreational vehicles, Wolters Kluwer Financial Services

August 2, 2011 - Industry News

J.D. Power: Banks Lead the Way in Dealer Satisfaction Study

J.D. Power and Associates’ 2011 U.S. Dealer Financing Satisfaction Study indicated that dealer satisfaction with lenders has improved in all categories, with Mercedes-Benz and BMW captives leading the way.

Tags: banks, captive finance, dealer, J.D. Power and Associates, Lender

January 14, 2010 - Industry News

Nationwide Acceptance Corporation Joins RouteOne

RouteOne LLC announced Jan. 14 that it has completed integration with independent subprime lender Nationwide Acceptance Corporation (NAC). Dealers in all of the markets served by NAC may now process credit applications electronically to NAC through the RouteOne platform.

Tags: Lender, Nationwide Acceptance Corporation, nonprime, RouteOne, subprime

December 15, 2009 - Industry News

ACS Launches Lending Gateway for Dealers

Automobile Consumer Services Inc. (ACS) launched a new lending platform aimed at giving auto dealers access to financing and leasing sources.

Tags: Finance, leasing sources, Lender

June 29, 2009 - Industry News

DealerTrack Connects 750th Financing Source to Network

DealerTrack Inc. announced Monday that the number of active financing sources connected to the DealerTrack network has reached 750.

Tags: Dealertrack, Lender

May 7, 2009 - Industry News

XpressCredit Partners With East Coast Funding Group

XpressCredit announced last week a partnership with East Coast Funding Group, which will allow dealers on the XpressCredit platform to access the Great Neck, N.Y., finance company for consumer loans.

Tags: Lender, XpressCredit

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