Mortgage Grapevine

auto loans

I am an in house mortgage guy for a black car limousine company ( 300 cars) i am always asked can i do auto loans. Does anyone know who regulates this type of lending. is it the same as mortgages ( minus the million disclosures) where do u get lenders ?
by kayol December 15, 2013 2:33 PM

Are black car limo companies exempt from mortgage regulation?
That is brilliant. Oh, yes you have to be "in house" and.you're exempt. Brilliant! Racist though. A white car limo company is not "exempt"
by Dr. Branker December 15, 2013 4:02 PM

Auto Loans have the same issues we face in the Mortgage side
Are you looking for Sub Prime (Santander) or more of a standard type Ally Financial?
You'll need a dealer agreement of some sort
Otherwise the consumer can get their loans on their own

by Sooner Nation December 16, 2013 10:01 AM


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