Equifax Releases its Latest Economic Trends Commentary Around Subprime Auto Loans

Auto Subprime

On February 18, 2015, Equifax released its latest Economic Trends Commentary, “Subprime Auto Loans: A Second Chance at Economic Opportunity,” which examines two groups of consumers with deep subprime credit scores (Equifax Risk ScoreSM below 550) over a three-year period: those who originated a subprime auto loan and those who did not. Equifax found that [Read More…]

Visit Equifax at MBA’s Servicing Conference & Expo

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MBA’s National Mortgage Servicing Conference & Expo February 23–26, 2015 | Gaylord Texan Resort and Convention Center | Dallas, TX As the industry continues to shift, many mortgage servicers are looking for solutions to maintain costs and portfolio health while complying with regulatory requirements. Visit Equifax at this year’s Mortgage Servicing Conference to learn how you [Read More…]

1 Source, 1 Channel, 1 View – Faster, More Confident Decisions

TVvid

Decision-making is one of the most critical parts of doing business, yet it often doesn’t get the attention it deserves. As more and more information becomes readily available at our fingertips, making sense of the vast amounts of data and using it to fuel the decision-making engine becomes vitally important.   Getting a TotalView of [Read More…]

Cell Side: Mobilizing the Smart Phone Banking Experience

Mobile Banking

With banks digging deep in their pockets for additional smart phone banking funds, here are five takeaways on consumer mobile banking demands.

Mortgage News Network Interview with Equifax Expert Rosie Biundo

MNNinterview

Mortgage News Network’s Phil Hall sat with Rosie Biundo, Senior Director, Equifax Mortgage Services, at the recent MBA Annual Convention & Expo to discuss the latest issues in the mortgage industry such as HELOC resets and upcoming regulatory changes.  Click the video below to view excerpts from the interview.

Questions are the Answer for Millennials in Auto Finance

Millennial Car Buying

The next generation of car buyers is walking through showroom doors with mounds of student debt and thin credit files, making creditworthiness particularly challenging to discern. For dealers looking to better serve the swiftly growing millennial market, Equifax’s resident auto marketing expert Jenn Reid recently shared practical advice with Car Biz Today on how to help align this growing customer base with the [Read More…]

Beyond Credit Scores in Subprime Auto Loans

auto trust verify subprime

We’re gearing up for Used Car Week in Las Vegas Nov. 10-14 and all things subprime vehicle lending. Even with more stringent and strict regulatory enforcement by the Consumer Financial Protection Bureau, subprime auto loans account for about 32% of approved originations. As the subprime vehicle market continues to grow, “trust but verify” is good [Read More…]

Not Yesterday’s Subprime Auto Loan – Economic Trends Commentary

The automotive finance industry has received a great deal of attention recently around the topic of subprime lending, which typically assumes a highly negative tone. After finding that surprisingly little data on this topic is shared with the press, our Chief Economist, Amy Crews Cutts, and Deputy Chief Economist, Dennis Carlson, set out to explore whether [Read More…]

Is There a Subprime Auto Loan Bubble Forming? Equifax Economists Respond.

auto subprime bubble

As we look forward to Used Car Week in Las Vegas Nov. 10-14, we anticipate many conversations to take shape around claims of a bubble forming in subprime auto loans.  Our #subprime experts will surely be engaging in the conversations around the current state of subprime auto loans. And we’ll rely on the facts and [Read More…]

Enhance Marketing Efficiency by Leveraging Big Data

marketing efficiency

In recent years, marketing has become significantly data-driven across many industries. However, many financial services firms have only begun to scrape the surface when it comes to leveraging the full power of big data. Most banks do rely on their existing firm data to plan marketing campaigns, but they can significantly enhance marketing efficiency if [Read More…]