Is Now the Right Time to Upgrade Your Loan Origination System?

Is Now the Right Time to Upgrade Your Loan Origination System?

Written by Andrew MacDowell, Director, DecisivEdge™ Professionals in the lending or leasing industry may find it challenging to decide when the time is right for a loan origination system upgrade. This article will provide you with data and insights into “when” the market conditions may be right for an investment into a new and improved… Read more »

When to Pull Back or Pause Originations

When to Pull Back or Pause Originations

Written by Andrew MacDowell, Director, DecisivEdge™ Every once in a while I hear or read about auto lenders pulling back on or pausing originations to make small or large adjustments to things such as improving credit underwriting procedures, ensuring compliance with new regulations, or selecting and implementing auto-decisioning software.  Although it’s a painstaking decision, I… Read more »

7 Stages in Loan Origination

7 Stages in Loan Origination

Written by Andrew MacDowell, Director, DecisivEdge™ As we grow our business and technology consulting practice, I travel both in the US and Canada, meeting with a variety of lenders in multiple industries. Over the years, I’ve noticed that almost every lender I meet with has a different interpretation of the definition of the term Loan Origination… Read more »

The Risks and Benefits of Long-term Auto Loans

The Risks and Benefits of Long-term Auto Loans

Written by Andrew MacDowell, Director, DecisivEdge™ Offering longer-term auto loans may be an attractive option for lenders, but the practice carries inherent risks that may not be immediately apparent. The proper application of data science to plan, model and analyze results is critical to managing these risks and maintaining reliable revenues from loans with extended… Read more »

The Value of an End-To-End Auto Lending Platform

The Value of an End-To-End Auto Lending Platform

Written by Andrew MacDowell, Director, DecisivEdge™ In my role, I often meet auto financing professionals who are looking to upgrade their existing auto lending platform. A common thread among these lenders is trying to manage three, four, or even more disparate software systems, analytic tools, and spreadsheets to effectively manage their growing business. Many desire… Read more »

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 »

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 »

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 »