Automobile Lending

Auto Fraud Manager leverages data from our auto lender consortium members to identify and predict all fraud types in a single, integrated fraud score.
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Auto Fraud Manager
Automotive lending fraud is an industry-wide problem. While most application fraud scores target identity fraud alone, Auto Fraud Manager leverages data from our auto lender consortium members to identify and predict all fraud types in a single, integrated fraud score.
What It Does

Auto Fraud Manager is a predictive scoring solution built with artificial intelligence and machine learning designed to identify those applications most likely to result in default. The higher the Auto Fraud Manager score, the higher risk of fraud and early payment default (EPD). In addition to a fraud score, Auto Fraud Manager provides reason codes to help fraud analysts streamline their investigative strategies. These output indicators are used to prioritize a deeper fraud review.

 

How It Helps

  • The industries only consortium based approach to address 100% of lenders risk issues.
  • Highly predictive fraud score that helps lenders reduce early payment default losses between 30-50%.
  • Enables frictionless lending and automated STIP clearing on up to 30% of approved applications.

 

The Many Types of Auto Fraud

fraud types chart

 

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AutoPass
AutoPass identifies and streamlines non-risky auto loans and directs loan applications with a high risk of material misrepresentation or fraud for a comprehensive review and/or stipulations.
What It Does

Automobile finance lenders face market pressure to expedite the lending process and improve the customer experience to remain competitive. AutoPass uses artificial intelligence (AI) to deliver clear recommendations on which applications are low risk and can be streamlined through underwriting. AutoPass leverages historical application and loan performance data in combination with the nation’s largest data repositories and Point Predictive Consortium data to accurately identify low-risk applications for automated decisioning.

 

How It Helps

  • Gets responses to dealers and applicants faster
  • Enables digital lending and improves the customer experience by removing stipulation requirements and fraud review for up to 30% of applications
  • Lowers operating costs

 

Auto Fraud Alerts