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 »

The “Unintended Consequences” of Poor Data Quality

The “Unintended Consequences” of Poor Data Quality

Written by Mike Frayler, Managing Director, Technology & Analytics, DecisivEdge™ “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… 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 »

“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, DecisivEdge™ 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… Read more »