DALLAS, TX (April 17, 2017) — Ser Technology Corporation, (Ser Tech) which provides effective solutions that provide loan growth, portfolio management and FICO® Scores for Credit Union members, is excited to announce a free webinar on April 20 at 1 pm CDT as Chief Economist Amy Crews Cutts delivers insights into the U.S. economic overview, U.S. consumer credit trends and a special report on U.S. subprime auto loans. Dr. Cutts will provide information that will drive strategic growth at you organization.
“The general forecast for economic growth in 2017 is better than 2016,” Dr. Cutts said. “The January 2017 consensus of 2.3 percent in 2017 versus 1.86 percent real economic growth GDP growth in 2016 and a potential of 2-2.5 percent long term.”
Amy Crews Cutts joined Equifax as Chief Economist in March, 2011. A recognized industry expert, Cutts brings to her role over 23 years of economic analysis and policy development experience. As Equifax Chief Economist, she is responsible for analytics and research relating to the consumer wallet – assets, income, credit, and spending along with macroeconomic factors affecting the consumer. She is also responsible for macroeconomic forecasting and the economic analysis of employment and wage trends, home equity and real property, and small business credit trends.
Speaking about the subprime auto finance market, Dr. Cutts maintains that it’s not “bubbling” like some media outlets might speculate while circling back to the mortgage meltdown that derailed the economy.
“People don’t buy cars to flip them. They buy them to get to work,” Dr. Cutts said. “There’s definitely not a bubble. The fact is loan performance is good relative to historic levels.”
Dr. Cutts points out how it’s important to watch trend data about payment performance of subprime borrowers with regard to all of their monthly commitments because sometimes their ability to handle their finances can produce a “train wreck.”
To hear more from Dr. Cutts, register now, as space is limited. Contact Jackson Hunt at Jackson.Hunt@sertech.com.
Ser Tech is a financial technology services company that leverages credit data to help clients target consumers to generate new loans, provide FICO® Scores and credit education for consumers, and identify, measure and manage portfolio risk and opportunity through comprehensive loan management. Ser Tech is headquartered in Dallas, serving more than 3,000 credit unions since 1994.
Media Contact
Sarah Snell Cooke
443.472.6276 | sarah@cookeconsultingsolutions.com
