Lauren Ebner, dealer coordinator of Priority One Financial Services, will host an educational webinar on Thursday, June 15 titled, “Understanding the Similarities and Differences of Revolving Lines of Credit and Installment Loans” for NATDA members.
As this next phase begins for Northpoint, it is expected that the partnership with LBC Capital will only strengthen Northpoint’s offerings and ensure that they remain a long-term and powerful force in the market.
“BrokerCom addresses two common challenges faced by F&I Brokers, efficiently managing volumes of credit applications, and communicating deal funding status to dealership staff,” according to Mike Martin, Quantech, president.
Laurentian Bank of Canada announced the planned acquisition of Northpoint Commercial Finance, which is among the leading U.S. and Canadian inventory finance lenders with a portfolio of approximately $892 million.
Since October, Newcoast's F&I services within the industry has experienced a “hockey stick” curve of exponential growth. By collaborating with a large lender base, Newcoast finds the “right fit” for various customer profiles.
RVDA announced that MBA Insurance is a Bronze Partner for the 2017 RV Dealers International Convention/Expo. This is the eighteenth consecutive year that MBA Insurance has provided financial backing for the premier dealer education event of the year.
RVDA announced that Ally is a Silver Partner for the 2017 RV Dealers International Convention/Expo. The company has been a major sponsor for seven consecutive years and continues to provide high-level financial backing for the premier dealer education event of the year in 2017.
Net income of $214 million, compared to net income of $250 million for the first quarter of 2016, as increased net financing revenue from the loan portfolio was offset by declines in net lease revenue and increases in provision expense for loan loss and noninterest expense.
Huntington was after FirstMerit’s RV & Marine sector with its dealer network across 17 states. Huntington had its finger on the RV industry’s pulse. By October, the acquisition led to a 40-percent increase of the companies’ dealer network, going into 26 states, with RV dealerships comprising about 70 percent of the now 1,400 dealerships in the bolstered network.