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 »

The “Unintended Consequences” of Poor Data Quality

The “Unintended Consequences” of Poor Data Quality

Written by Mike Frayer, Managing Director, Technology & Analytics “Bad data like poor targeting leads to missing the target” Regardless of the type of business niche, it appears that the application of Big Data is consistently discussed by most if not all medium to large size companies.  There is a continual effort to design and… Read more »

Three Key Approaches to Reducing Risk – Powersports Finance

Three Key Approaches to Reducing Risk – Powersports Finance

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… 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 »

“Shift Left” testing is a worthwhile endeavor…no matter the reason!

“Shift Left” testing is a worthwhile endeavor…no matter the reason!

Written by Jim Chickadel, SVP & QA Practice Lead Recently I came across the Capers Jones article, “A Short History of the Cost Per Defect Metric”, which I hadn’t read in several years.  His article focuses primarily on the “Myth Busting” of a long accepted metric and tenet in the software development industry.  The myth… 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 »

Compliance Automation – Sleep Better

Compliance Automation – Sleep Better

By Michael Frayler, Managing Director Most CIOs, Risk and Compliance Officers, and IT Managers manage to a budget and are often left trying to determine whether to spend money upgrading infrastructure, increasing operational efficiency, reducing credit risk, enhancing collections, or improving the scope of compliance review and audit functions.  All of these areas deserve attention… Read more »

SIX compelling reasons to explore Test Automation with Tricentis Tosca

SIX compelling reasons to explore Test Automation with Tricentis Tosca

By Jim Chickadel, SVP/Practice Lead, Director of Quality Assurance ~ Test Automation can deliver significant benefits to organizations if done properly, but unfortunately traditional testing tools have demonstrated less than stellar results.  The movement towards DevOps and CI/CD can be complex, so it requires a tool that compliments these goals…and Tricentis Tosca does just that. Here… Read more »

The “Speed to Market vs. Quality” Conundrum

The “Speed to Market vs. Quality” Conundrum

By Jim Chickadel, SVP/Practice Lead, Director of Quality Assurance ~ The “speed to market” mantra that drives business today puts immense pressure on organizations to develop and deploy solutions faster with Quality that customers expect.  Not unlike other nebulous concepts like “operational risk” or “cyber security risk”, Quality Assurance is often not given the import it… Read more »