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WEBOct 3, 2014 — Inside HDFS’ $632M ABS issuance (Big Wheels) by Ash Savage. September 30, 2024. Harley-Davidson Financial Services returned to the asset-backed securitization market in September with its second motorcycle issuance of the year.
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 ...
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 ...
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 […]
Staffing Shuffles Archives - Auto Finance News
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An inside look at Mazda Financial Services - Auto Finance News
WEBJan 17, 2020 — TFS — which boasts a $92 billion portfolio, according to Big Wheels data — had announced in August 2019 that it would serve as Mazda’s private-label finance provider, taking over for Chase Auto, which has served as Mazda’s financial arm under Mazda Capital Services since 2010. When the nation’s largest auto financier entered third ...
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 […]
Springboard Inks Deal With Carvana to Boost Nonprime Volume, …
WEBMay 14, 2018 — Car-shopping platform Carvana has added SpringboardAuto to its lender lineup to focus on consumers in the nonprime credit tier. Springboard’s sweet spot is two- to three-year-old cars with 55,000 miles and an average of between $15,000 and $18,000 financed, a “pretty close match” to the types of vehicles and consumer base Carvana targets, said Jim […]
Global Lending Services to start digitizing loan servicing in 2022
WEBSep 30, 2021 — Global Lending Services is planning to digitize its loan servicing operations in the first half of 2022. GLS will use Lightico’s technology for servicing processes, GLS Chief Operating Officer Dennis Morris told Auto Finance News. “There are a number of opportunities where we can leverage [the completion cloud] technology to communicate with the consumer on
CU Loan Source originations increase 83%, rebrands to Cinch Auto ...
WEBMar 4, 2022 — The prime indirect lender eyes further geographic expansion in 2022. Despite a lack of vehicle supply, Cinch Auto Finance, formally CU Loan Source, has logged an increase in origination and application volume as the indirect auto finance company focuses on geographic expansion. The Atlanta-based credit union service organization, which is …