Attorney, car salesman, automobile lender, risk executive, and author Kendall Schorr’s professional journey has exposed him to all sides of the automobile loan transaction. For thirty years, he managed risk for the nation’s largest automobile lenders. He designed risk processes and worked with regulators, senior executives, and risk teams to improve risk governance within the automobile finance firm. In addition to authoring The Auto Finance Risk Book, Kendall Schorr is actively engaged in speaking, writing, and serving as an automobile finance industry expert.
Overview
Dealer assisted automobile finance is a unique business that calls for specialized approaches to risk identification and mitigation. One size fits all enterprise risk management approaches do not sufficiently identify the special risks that arise from the indirect automobile finance transaction.
Heavy reliance on, and responsibility for dealer behavior means the automobile lender must develop stringent oversight and verification processes. Today's regulators require robust oversight of the entire transaction, and lenders must be proactive in developing new and effective strategies to identify and manage risk.
This Auto Finance Risk Book provides automobile lenders with innovative risk strategies that are easy to implement and are proven to be effective. These approaches are the culmination of 30 years of successful risk management for the nation’s largest automobile lenders.
Description
This book is a catalogue of risk strategies that are specific to dealer-assisted automobile finance. Inside you will find actionable and time-tested risk processes that are specifically designed for indirect automobile lenders. These proven risk-management strategies will help guide the lender through the challenging and dynamic landscape of dealer-assisted automobile finance.
Book details
- Genre:business & economics
- Sub-genre:Banks & Banking
- Language:English
- Pages:68
- eBook ISBN:9781543900576
- Paperback ISBN:9781543900569