Amid all of the shake up in the big banking space their has never been a better time for the credit union and local banking market to make a push to seize more market share. I am hearing from F&I people everyday that are expressing their distaste with their large indirect lenders such as Wells, HSBC, Cap, and so on. All of these lenders are battening their hatches and only booking deals that are in the high 700's and meet a rigorous schedule of rules.
Not only can local CU's and banks easily get the other paper, you all can easily beat these big players rates.
Its time to up your loan volumes and begin seizing market share while the big guys are sitting on the side lines!
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