How Reliable Is Your Auto Loan Origination System (LOS)?

How Reliable Is Your Auto Loan Origination System (LOS)?

Written by Greg Miller, Director, DecisivEdge™ Speaking recently with a colleague of mine in the auto industry, I was surprised and concerned to hear how prevalent “platform down time” was among some of the predominant auto LOS providers.  My colleague was somewhat amused by my reaction and retorted, “it’s software…all platforms go down from time… Read more »

Six Reasons to Consider Lending and Leasing as a Service for HVAC Lenders

Six Reasons to Consider Lending and Leasing as a Service for HVAC Lenders

Written By Andrew MacDowell, Director, DecisivEdge™ HVAC Lending is a complex business.  The challenges of increasing competition, equipment obsolescence, and repossession are offset by a strong demand as homes expand in total square footage and temperature volatility drives the need to constantly improve HVAC technology. These dynamics call for the need to ensure your lending… Read more »

Is your Auto Lending Software Positioned for Increasing Loan Delinquencies and Charge Offs?

Is your Auto Lending Software Positioned for Increasing Loan Delinquencies and Charge Offs?

Written by Andrew MacDowell, Director, DecisivEdge™ Difficult times on the horizon….. Auto lenders are experiencing increased risks as delinquencies grow and net losses appear non-seasonal in nature. The root cause is attributed to heavy competition among lenders for market share during previous years which weakened underwriting standards.  Some lenders have substantially layered portfolio risks by… Read more »

Part Three: Is Your Lending Platform Positioned for Increasing Auto Loan Delinquencies and Charge Offs?

Part Three: Is Your Lending Platform Positioned for Increasing Auto Loan Delinquencies and Charge Offs?

Written by Andrew MacDowell, Director, DecisivEdge™ Collection Platform “Must Haves” Last week we covered how the value of a credit reporting system supporting a lending platform depends on the comprehensive nature and freshness of the credit information collected and shared, especially the interactive structure of the reporting system itself. Today we are going to cover… Read more »

Powersports Finance – Three Key Approaches to Reducing Risk

Powersports Finance – Three Key Approaches to Reducing Risk

Written by Andrew MacDowell, Director, DecisivEdge™ Powersports financing is historically more challenging than traditional vehicle loans. One of the reasons why financing is more difficult to obtain is the challenge in repossessing watercraft, ATV’s, snowmobiles, and motorcycles.  As a result, powersports financing requires tighter credit criteria and more conservative debt-to-income ratios than traditional vehicle requirements.… Read more »

Part Two: Is Your Lending Platform Positioned for Increasing Auto Loan Delinquencies and Charge Offs?

Part Two: Is Your Lending Platform Positioned for Increasing Auto Loan Delinquencies and Charge Offs?

Written by Andrew MacDowell, Director, DecisivEdge™ Last week I shared some thoughts regarding the unprecedented rise in auto loan delinquencies and growing risks impacting many financial organizations. We covered the weighty consequences of competing for market share coupled with less stringent underwriting standards.  These factors significantly increase credit and in some cases compliance risk in… Read more »

Part One: Is Your Lending Platform Positioned for Increasing  Auto Loan Delinquencies and Charge Offs?

Part One: Is Your Lending Platform Positioned for Increasing Auto Loan Delinquencies and Charge Offs?

Written by Andrew MacDowell, Director, DecisivEdge™ Auto lending has experienced unprecedented risk impacting many financial organizations. During the recent two quarters, auto loan delinquencies have shown signs of significant increases and growing net losses appear non-seasonal in nature. Heavy competition among lenders for market share and less stringent underwriting standards for auto loans have contributed… Read more »

Six Auto Loan Origination Software (LOS) “Must Haves”

Six Auto Loan Origination Software (LOS) “Must Haves”

Written by Andrew MacDowell, Director, DecisivEdge™ In this first of a series of monthly blog posts, I wanted share some thoughts regarding Loan Origination Software or LOS. When meeting with auto industry lenders and lessors, valuable information is shared concerning the dynamic nature of the auto business and subsequent need to continuously improve auto loan… Read more »

Best Auto Lending and Leasing Software

Best Auto Lending and Leasing Software

The following Auto Lender’s are running their business on Oracle’s Auto Lending and Leasing Software. Here’s what they have to say: Westlake Financial Services: Oracle’s Auto Lending and Leasing Software enabled Westlake Financial Services to run its customer service and collections activities much more efficiently. Collection agents have all delinquency information at their finger tips,… Read more »

Video ~ Gateway One Lending & Finance

Video ~ Gateway One Lending & Finance

Gateway One Lending & Finance Chief Operating Officer, Todd Pierson, talks about how their Auto Lending and Leasing software solution is improving efficiencies across the organization. 5 Good Reasons to Consider Oracle Financial Services Lending and Leasing (OFSLL) for your Auto Finance Company: Modular, integrated architecture:  The solution delivers full lending life-cycle, auto industry specific… Read more »