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Lender Solutions

Technology & Services to Optimize Your Loan Originations

Enhance digital efficiency to deliver better service and client experiences.

Successful auto retailing for lending institutions is the balance of streamlining operations for efficiency and delivering high levels of service, all while ensuring compliance with state and federal laws. Cox Automotive provides efficient and compliant solutions for auto lenders from gaining and retaining customers and their loan originations by creating the right consumer and dealer experiences and driving efficiencies through funding operations, asset management and remarketing.

 

Get Reliable Vehicle Valuations

Pulling from 2.9 trillion data points, Kelley Blue Book Valuations delivers a comprehensive set of data to help lenders reliably determine their entire portfolio’s value, monitor risk, and ensure loan originations align with current vehicle values, asset by asset. Manheim Market Report (MMR) provides the most accurate wholesale valuations based on vehicle year, make, model and style, among other criteria. Historical MMR and forecast MRR valuations allow lenders’ risk and remarketing departments a deeper view of the historical and future wholesale values of their portfolio. 

 

Originate Loans Safely & Securely

Maximize auto loan opportunities by creating your customized inner circle of dealers from our network of 22,000+ franchise and independent dealerships. Dealertrack enables banks, credit unions, captive financiers and independent finance companies with the real-time ability to securely receive and decision credit applications online from their dealer partners. Through Bookout for Lenders, a simple click provides accurate retail, loan and trade vehicle valuations from your preferred authoritative source (Kelley Blue Book, J.D. Power or Blackbook). 

 

Drive Your Originations Your Way

Meet consumers where they are in their journey. Consumers expect digital retailing options, dealers are delivering it – and they both need lenders to support it. Help turn today’s car shoppers from casual browsers to contract-ready buyers for your dealer partners – and drive your loan origination business at the same time. API-driven solutions allow consumers to browse inventory, select a car, calculate payments, and apply for the loan from their choice of OEM website, lender website, dealer website or third-party website. 

 

Optimize Funding and Service through eContracting

Add ease and convenience that speed contract signing and funding using Dealertrack Digital Contracting with Remote Signing. Built-in intelligence flags errors and missed signatures before dealer submission to ensure contract integrity, reducing a critical cause of re-contracting and speeding funding to as fast as the same day. Lenders can confidently securitize loans and pool assets with authoritative versions of contracts stored in a secured, certified eVault that is legally recognized across all 50 states. 

Stay Informed

Keep current with the latest industry trends and insights to help guide your lending strategy.

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