The Smarter Way to Drive Auto Loans
Lenders Protection is a risk management program featuring default insurance coverage for near/non-prime automobile loans. Lenders Protection allows financial institutions and other automobile lenders to model their specific overhead and funding costs and set a target ROA for their insured portfolio. The result is a profitable auto loan portfolio with carefully managed pricing and risk characteristics.
Earn higher yields with the assets you have
Take advantage of the existing application flows already being processed. Improve the profitability of your lending operations. Increase return on assets and profitability.
Significantly increase your vehicle lending volumes
Provide more auto loans outside your normal prime lending guidelines. Approve loan applications being declined today AND book more approved and conditioned loans.
Provide more auto loans outside your normal prime lending guidelines. Approve loan applications being declined today AND book more approved and conditioned loans.
Be up and running in weeks, not months
No costs to implement (no set up fees). Fast and easy to implement in 30 days or less.
No costs to implement (no set up fees). Fast and easy to implement in 30 days or less.
How We Are Different
Earn more money with the assets you have
- Take advantage of the existing application flows already being processed.
- Improve the profitability of your lending operations.
- Increase return on assets and profitability.
Significantly increase your vehicle lending volumes
- Provide more auto loans outside your normal prime lending guidelines.
- Approve loan applications being declined today AND book more approved and conditioned loans.
Pre-packaged third-party auto loan default insurance
- High-quality default protection insurance that allows you to manage and share risk effectively.
- Mitigate risk while still offering attractive rates.
Be up and running in weeks, not months.
- No costs to implement (no implementation fees, set up costs).
- Fast and easy to implement in 30 days or less.
Sophisticated analytics, customizable for your lending institution
- As the lender, you control all credit decisions.
- Configure your own specific costs and desired ROA.
Fair lending compliant
- Improved underwriting rules that identify qualified applicants in the near-prime and non-prime risk categories.
- An enhanced underwriting and pricing engine allows the lender to approve and price individual loans to fit the portfolio design and profitability targets.
Better service for borrowers
- Reduce down payment requirements that sometimes cause borrowers to secure financing through the dealer.
Value-added benefits
- Improve auto dealer loan volumes and stronger relationships.
- Expand sales of auto loan related products (GAP waiver, warranty, insurance).
