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WEB2 days ago · Chase Auto, CPS, SCUSA, Westlake execs join Auto Finance Summit 2024. by Amanda Harris. October 2, 2024. Auto Finance News is pleased to welcome executives from Chase Auto, Consumer Portfolio Services, Santander Consumer USA and Westlake Financial who will discuss inflation, squeezed capital markets...
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 ...
Flagship Credit to launch direct-to-consumer lending
WEBAug 11, 2022 · Flagship Credit Acceptance is expanding into direct-to-consumer lending through an equity investment in automotive e-commerce technology provider Blinker. The Chadds Ford, Pa.-based subprime lender will integrate Denver-based Blinker’s loan origination technology powered by artificial intelligence (AI) and machine learning (ML). The tech allows consumers to apply for and complete financing ...
Westlake using digital refunds to save resources
WEBOct 25, 2023 · Westlake Financial has digitized auto loan refund payments to save time and devote more resources to core operations. The lender signed on with corporate payouts platform Onbe to replace its check-based program for auto loan overpayment refunds with a digitally based process, according to a Westlake release. The digital program launched in mid-July has […]
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 […]
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 ...
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 ...
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 ...
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 […]
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 […]