Subprime Powersports Delinquencies Are On The Rise

Subprime Powersports Delinquencies Are On The Rise

Written by Andrew MacDowell, Director, DecisivEdge™ Professionals in Powersports financing are acutely aware that this line of business is historically a bit more challenging than traditional vehicle loans.  It’s certainly easier to repossess a car or truck than having to vigorously chase down an elusive motorcycle, ATV, snowmobile, or watercraft.  It’s also clear that subprime… 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 »

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 »

How To Select The Right Technology Partner

How To Select The Right Technology Partner

Written by Sukumar Narayanan, President, DecisivEdge™ Whether you are looking to re-evaluate your technology strategy to better align it with the direction of your business or to implement a point solution that addresses a particular business issue; who you engage to guide you through the initiative is critical to its overall success. Remember, it’s not… Read more »

Software Test Automation: Has It Lived Up to Your Expectations?

Software Test Automation: Has It Lived Up to Your Expectations?

Written by Jim Chickadel, QA Practice Director, DecisivEdge™ The origin of Software Test Automation harkens back more than 30 years ago to what was claimed as the first commercially available automation testing tool – AutoTester, which was introduced in 1985. One would think that a technology based solution in existence for such a long period of time would have… 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 »

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 »