Mitigate Risk and Increase Portfolio Profitability

In today’s flattening auto market, you face many challenges including increased competition and market disruption, regulatory requirements, and the struggle to balance portfolio growth and profitability while mitigating risk. As an auto lender, you’re used to the ever-shifting lending lifecycle and the impact it can have on your business. But within these challenges are opportunities via unlocking insights to better understand your market, dealers and customers.

“I use Equifax every time I pull a consumer’s credit file.
It’s easy to read and something I would never do without.”

--Scott Allen, Owner & President, Auto Land, Fort Worth, TX

Work With The Right Dealers

Without proper insight into dealership behaviors, loan performance, and the competitive landscape, it’s difficult for auto lenders to assess risk and identify high-value dealers to build relationships.

 

IMPROVE AUTO PORTFOLIO PERFORMANCE WITH TRADESIGHT

Find profitable dealers and understand your competition with our dealer intelligence solution.

With TradeSight you can:

  • Understand market share within each dealership.
  • Gain deeper insight into positive and negative selection for each dealership they do business with.
  • Have a view of the overall commercial risk associated with potential dealer partners.

 

Make the Right Deals in the Right Way

Make more confident decisions earlier in your lending process by gaining additional visibility into your customer and help alleviate friction for both the dealer and customer in the F&I office by streamlining the decisioning process. 

INCOME AND EMPLOYMENT VERIFICATIONS

Verifying consumer stated information throughout the entire lending process can help you better navigate risk and improve loan profitability. To confidently assess risk and fuel portfolio growth, auto lenders need better insight into their borrowers — both prime and subprime.

Verifications can help you accelerate portfolio growth. 

CONFIGURABLE SCORES

Equifax Ignite Configurable Score – Auto delivers the power of a custom score in less time, for a lower cost, making it an ideal solution for medium sized full-spectrum lenders—especially for those who specialize in subprime markets. Uniquely designed to deliver improved performance over generic or custom models, it helps identify more qualified applicants, without increasing the risk of future delinquency or write-offs. 

Mitigate your risk and improve portfolio profitability with configurable scores.

CREDIT FILE REPORTS

Make informed, more accurate and profitable auto lending decisions by using the credit report trusted by businesses and consumers for more than a century.

Consumer Credit File Reports provide more data on more people, with more than 2 billion new consumer records added each month. Plus, get more complete file information including full names and addresses to help you:

  • Grow your automotive business by making better informed decisions on more consumers
  • Streamline decisioning with intuitive groupings for tradelines, employment, identification, inquiries and more
  • Easily access the specialized sections, fields and system delivery methods you demand with multiple report options.