Automobile Lending

Automobile lenders and dealers share a common critical concern: loan origination that is accurate, timely, and reliable. A customer who has to wait for loan approval can walk away from the sale to try a different dealer. In such a highly competitive environment, offering fast, superlative customer service while controlling risk is very important. Zoot’s automobile lending solution provides realtime service to the dealer and market responsiveness for the lender.

It is not uncommon for lenders to spend months developing and deploying new risk models for their automobile lending systems. In today’s volatile market, delays of months can be painfully expensive.  Zoot’s automobile lending solution allows lenders to manage risk policy and implement new criteria rapidly for the dealers’ use. Zoot gives business users the control to configure credit rules and policies, adjusting to external and internal forces. Without accurate and timely data, loans can be grossly over- or under priced, creating a lost sale, or a higher-than-acceptable debt load.

The automotive loan origination process is complex, taking into consideration vehicle valuation, sub-prime and under-banked consumers, as well as fraud and identity theft. In addition, dealers need information to best present the loan, offering a range of scenarios – a 10% down payment leads to a different monthly payment and interest rate than paying 30% down.

Zoot’s solution is quick-to-market and easy-to-configure, giving financial institutions the accurate and timely data necessary to offer loans that are appropriately priced. At the same time, we can help you provide dealers with the information they need to improve their business, increasing acceptance rates and offering excellent risk management. The result? Satisfying everyone—from the customer, to the dealer, to your institution.

Contact Zoot at (406) 556-7555 or fill out our information request form today!