Last week, our Auto Finance Director Ian Frame led a virtual event highlighting risks associated with water-damaged vehicles. We reviewed the impacts of 2024 storms and showed specific examples of how vehicle history data can help lenders spot these problem vehicles before it's too late. Check out the recording here: https://lnkd.in/eiECmC5M #fraud #autofinance #storms #data
CARFAX for Lenders
Information Services
Centreville, Virginia 385 followers
Helping auto lenders improve underwriting, title research, collections, and remarketing processes.
About us
CARFAX is the leading provider of vehicle history information and solutions to auto lenders, serving thousands of banks and credit unions nationwide. CARFAX information helps lenders in loan underwriting, fraud detection, title research, skip tracing, and remarketing.
- Website
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https://www.carfaxforlenders.com/
External link for CARFAX for Lenders
- Industry
- Information Services
- Company size
- 11-50 employees
- Headquarters
- Centreville, Virginia
- Founded
- 2005
Updates
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Join Ian Frame of CARFAX for Lenders next Wednesday at 2PM EST for a special webinar on flooded vehicles. We'll show how lenders can use vehicle history data to protect their business and borrowers from dangerous water-damaged automobiles. Sign up here: https://lnkd.in/eyVbXBUY #autolending #creditunions #flooddamage
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CARFAX for Lenders and ATTUNE are partnering to improve digital lending for borrowers and financial institutions. #autofinance #autoloans #creditunions
🚗 ATTUNE Partners with CARFAX to Enhance Transparency and Efficiency in Auto Lending 🔍 Our integration with CARFAX gives financial institutions instant access to vital vehicle history data, making loan origination faster, safer, and more efficient. By delivering comprehensive vehicle insights within ATTUNE’s all-in-one digital origination platform, we’re helping lenders reduce risk, improve decision-making, and enhance the borrower experience. With ATTUNE and CARFAX, digital lending just got smarter. #DigitalOnboarding #AccountOpening #DigitalLending #RealTimeBanking #CastleCreek #ICBA #DigitalExperience #CreditUnions #CommunityBanks #Banks #AutoLoans #VehicleHistoryVerification
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Ian Frame of CARFAX for Lenders will be leading a session at #UsedCarWeek24, tomorrow at 9:45 AM MST. Ian will show how automating vehicle history datapoints helps lenders improve efficiency, reduce fraud, and strengthen dealer partnerships. If you're at Used Car Week in Arizona, you won't want to miss this one! https://lnkd.in/eiyeFivh
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CARFAX for Lenders is at the America's Credit Unions Lending Council Conference this week in Nashville, TN. Visit Michael Quigley and Emily Cox at booth 338 and learn how CARFAX vehicle history data helps protect #creditunions and their members during every stage of the auto loan lifecycle. #lending #vehiclehistory #nashville
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The CARFAX for Lenders team is at the California Credit Union Collectors Council annual conference today in Indian Wells, CA. Stop by booth 37 and talk with Alyssa Woolwine and Amir Tosi to learn how vehicle history data helps credit unions locate collateral and prioritize vehicles for recovery. #creditunions #autofinance #vehiclehistory
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While used car prices are down year-over-year, they have started to increase in recent months. The lone exception is pickup trucks, which have dropped an average of $700 since June. Check out the graphics to learn more: #usedcars #carfax #autofinance
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ICYMI: Last week, CARFAX's Alyssa Woolwine and special guest Bob Thompson of Eagle Community Credit Union led a virtual event called The VIN-Specific Advantage. Go here and check out the recording: https://lnkd.in/ebjSGZXK #carfax #historybasedvalue #autofinance
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We're just one week away from the next CARFAX for Lenders virtual event: The VIN-Specific Advantage. Follow the link to register, and hear from CARFAX's Alyssa Woolwine as she explains how financial institutions use History-Based Value to make better business decisions. More than 350 auto finance professionals have already signed up - so don't miss out! https://lnkd.in/ed7in-PP #autofinance #vehiclehistory
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According to a new report from Financial Times, auto loan debt now makes up 9% of all household debt. It has also surpassed student loans to become the second highest source of household debt. #autofinance #repossessions #carfax
Auto Loans Surpass Student Loans As Second-Highest Household Debt
motor1.com