Trends in Auto Loan ServicingNo.11
Prepare for a Mix of Sun and Clouds
Jeremy Robb, Sr. Director of Business Intelligence unpacks all the trends and their impacts.
Covering the Highs and Lows — and What it All Means
Interest rates are up and negative equity is increasing. New vehicle supply is up, but dealer sentiment is down. Delinquencies are at all-time highs, defaults are growing, and more accidents as well as thefts are resulting in total loss. Today’s vodcast helps make sense of it all.
What remains steadfast? The fact that optimizing operations and adopting technology to increase efficiency will help you weather these trends and whatever lies ahead.
Deshaun Sheppard
Loan Service Expert
Especially during a year where SAAR is expected to grow slowly and slightly, the time is ripe for shoring up operational efficiency,
which helps you save in perhaps less obvious ways. Prevent short pay losses, and free up staff for more important activities that are much harder to automate. Upgrading to Accelerated Title is free, and you can onboard as quickly as you want to – the timeline
is really up to you, our team is ready!
Fill out the form at right, or set a meeting with me now through MY CALENDAR to get started.
Fill out the form at right, or set a meeting with me now through MY CALENDAR to get started.
Past Articles
Trend No. 1
More
Negative Equity.
More Total Loss Transactions.
More Complexity.
More Total Loss Transactions.
More Complexity.
ARE YOU READY?
Since we already service your titles, optimizing your payoff & title release process is quick and easy.
Fill out the form or schedule a 30 min call with Deshaun now