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 »

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 Mike Frayler, Managing Director, DecisivEdge™ 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… 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, DecisivEdge™ 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, DecisivEdge™ 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 »

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 »

Origination Module Key Functionality ~ Lending & Leasing as a Service (LLaaS)

Origination Module Key Functionality ~ Lending & Leasing as a Service (LLaaS)

Our Origination module allows financial institutions to accept, process and decision credit applications in a paperless mode, with a single data entry process. All of these applications are controlled by a flexible workflow management system that can be configured to reflect the step in the company’s underwriting processes. As part of the origination process, LLaaS… Read more »