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Stock impact report

Consumer Portfolio Services Leverages Informed.IQ’s Dealer Verify to Enhance Loan Processing, Increase Capture Rates, and Improve Dealer Experience

Consumer Portfolio Services, Inc. (CPSS) 
Last consumer portfolio services, inc. earnings: 4/15 05:21 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.consumerportfolio.com/investor-relations
Company Research Source: GlobeNewswire
LAS VEGAS, NV, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”), a leader in providing indirect automobile financing to consumers, today announced the successful integration of Informed.IQ’s Dealer Verify tool into its loan origination process. This advanced AI-driven solution enhances the dealer experience by automatically verifying stipulations, improving capture rates, and reducing contracts-in-transit. CPS has consistently focused on leveraging technology to enhance its operations across the subprime auto lending cycle. For years, CPS has utilized AI and machine learning to streamline its underwriting processes, improve risk management, and optimize dealer performance. The Company’s proprietary AI-driven models have enabled the approval of higher-quality loans, resulting in better credit performance, enhanced collections, and stronger portfolio growth. With the integration of Dealer Verify, CPS is further expanding its Show less Read more
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