April 18, 2023 2:15 PM – 2:45 PM Capital E
Vehicle history is predictive of loan performance. Incorporating vehicle history, such as prior damage, ownership history, and reliability and repair data into the lending process helps lenders make more informed decisions with greater confidence. Considering vehicle history during the entire lifecycle of a loan becomes more critical than ever as inventory continues to return, vehicle values lower and loan terms rise. This session will discuss the importance of using vehicle history data to make underwriting decisions, evaluate a loan’s propensity for default, and how lenders are actively incorporating this into their processes.