World Omni/CenterOne Maintains Top Servicer Rating
Standard & Poor’s Ratings Services reaffirmed its STRONG rating of World Omni Financial Corp./CenterOne Financial Services LLC (World Omni/CenterOne), which has maintained this status since 2004.
DEERFIELD BEACH, Fla. — Standard & Poor’s Ratings Services reaffirmed its STRONG rating of World Omni Financial Corp./CenterOne Financial Services LLC (World Omni/CenterOne), which has maintained this status since 2004.
The company’s rating represents the highest rating possible for a consumer finance, automobile loan and lease servicer. Additionally, World Omni/CenterOne is currently the only consumer finance automobile loan and lease servicer in the nation to achieve this distinction.
“Maintaining this rating during the exceptionally challenging economic environment is a true testament to the quality of service our associates deliver,” said Brent Sergot, vice president and general manager of Third Party Business Operations.
According to Standard & Poor’s report, the overall rating was reaffirmed based on World Omni/CenterOne’s highly experienced management team, internal controls and risk management environment, high level of automation, thorough policies and procedures, training regimen, demonstrated default and asset management expertise, and execution of strategic business initiatives.
Standard & Poor utilizes its Servicer Evaluation Analytical Methodology to examine various metrics, and World Omni/CenterOne compared favorably to industry standards. Standard & Poor’s full report is available at CenterOne Financial Services.
More Auto Finance
Dealerships Are Paying the Price for Extended Car Loans
Growing negative-equity scenarios mean such lengthy terms should be addressed in a forward-looking way to make them work for the dealer and the consumer down the road.
Read More →
Trade-Ins in Negative Equity Reach New Heights
As such trade-ins rise in frequency, so do monthly loan payment amounts and interest rates, according to second-quarter data compiled by Edmunds.
Read More →
Auto Credit Plentiful
June numbers show lenders are readily granting access, including to risky borrowers, as consumers leverage themselves to take on high prices.
Read More →
Automotive Consumers Sink Further in Debt
Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.
Read More →
Porsche Financial Services Shifts Structure
After 36 years with Porsche, the Financial Services Chief Financial Officer Konrad Riedl is retiring, and the department is realigning its management structure.
Read More →
Tariffs Could Raise Insurance Premiums
As U.S. import tariffs affect repair costs, consumers might find it more affordable to replace a damaged vehicle, according to recent Insurify tariff analysis.
Read More →
Smaller Loans, Longer Terms
The youngest generation of car buyers is more likely to finance less expensive vehicles, more than half of generation Z consumers borrowing less than $25,000.
Read More →
New Cars a Tad More Affordable
May averages show that combined circumstances gave auto consumers slightly better buying power for the month, though average prices were up year-over-year.
Read More →
First-Quarter Sees Long Auto Loan Growth
Experian data show more consumers are tapping the method, along with refinancings, to afford buying. Meanwhile, subprime borrowers are getting more access.
Read More →
Mastering Credit Friction
In this video, Josh Krach explains how to turn credit friction into an advantage.
Read More →