Teledata Communications Inc. will integrate TransUnion’s ID Manager fraud detection solution into its DecisionLender 4.0 loan origination platform, Bill Nass, TCI president, told Auto Finance News. The integrated platform is slated for release by the end of the second quarter. TransUnion’s ID Manager processes data from hundreds of credit and non-credit sources that is incorporated within [...]

The powersports market is “a little slower than usual,” with only a 1% to 2% increase across the segments from February to March, Scott Yarbrough, editor of Black Book Official Motorcycle & Powersports Value Guide, told Powersports Finance. “Usually we would see bigger increases at this time of year,” he added.

As the Consumer Financial Protection Bureau continues to intensify its focus on the vehicle finance industry, every lender needs to be actively implementing best practices across their operations. Among the practices that will help lenders minimize risk while maximizing efficiency are: *   Ensuring accuracy in the content, timing and delivery method of borrower communications *   [...]

With the powersports industry showing steady recovery post-recession, many lenders are increasing investments in digital capabilities to boost loan and lease volumes. MotoLease LLC, for example, utilizes all electronic files, which makes the application approval process quicker and easier for lessees, Maurice Salter, chief executive, told Powersports Finance. “We can approve in a matter of seconds, [...]