More Efficiency, Less Risk: new facets to auto loan portfolio management| December 11, 2019
With automotive retailing constantly evolving, portfolio management — often left on cruise control — can benefit greatly from some out-of-the-box thinking: Experian data reports 276M cars on the road today, 85% of new cars being financed and nearly three-quarters of new loans carrying terms beyond 60 months.* At the same time, Dealertrack research indicates over 13M financed vehicles will be traded in or suffer total loss by the end of the year. This webinar exposes the complex web of payoff, negotiation and title management inefficiencies — and ways lenders can plug process gaps that drive up their cost of doing business.
Presenter: Joey Yates, Senior Business Director, Dealertrack F&I and Lender Solutions
As Senior Business Development Director Joey Yates leads the optimization of the F&I Express product cancellation solution for Lenders, Express Recoveries, as well as Dealertrack Accelerated Title®. With both solutions streamlining transactions between lenders and their respective partners in auto retailing, Joey specializes in building strategic alliances that further optimize efficiencies for all of our partners’ and their business relationships.
Previously, Joey served as the Senior Director of Strategy and Enablement for Cox Automotive’s Lender Solutions group. Joey and his team partnered with the operational leadership for the F&I business, Collateral Management Services (CMS) and Digital Document Services (DDS) to provide strategic, data-driven insights with the goal of making life easier for lenders, dealers and end consumers. During his ten-year tenure with Cox Enterprises, Joey has led a variety of teams, including corporate compensation, business integration, as well as project management, sales operations and analytics teams within the Lender Solutions group.
Prior to joining Cox Enterprises, Joey specialized in compensation consulting for the human resources industry at Mercer Human Resources Consulting. He has lived in the Atlanta area for 20 years, and in his leisure time he is most likely to be found spending time with his family, singing in a British rock cover band or enjoying the great outdoors (and sometimes all three at once).