In the highly competitive automotive industry, the ability to make fast credit
decisions can be the difference between closing and losing a deal. Auto finance lenders
are under pressure to deliver immediate, accurate decisions — before customers
take their business elsewhere.
OnDemand is a decisioning system from Experian that helps you drive revenue by
delivering fast, reliable automotive loan origination decisions.
Issue decisions while customers are at the point of sale
Increasing the speed and accuracy of credit decisions makes auto lenders and auto
retailers more competitive. By automating complex underwriting processes, you can
issue instant decisions while customers are at the point of sale. In addition, as
business continues to move online, where customers can submit credit applications
themselves via Web portals, automotive lenders benefit further from the ability to
make decisions in real time, while the customer waits.
Reduce delinquencies and credit losses
Improved speed isn't the only benefit of automating your origination process. With
PowerCurve OnDemand® automotive decisioning software, you can also
increase the precision of your lending decisions. In other words, a system that can
calculate multiple financial ratios and custom scorecard characteristics based on
a multitude of data sources and advanced predictive analytics can deliver a higher
return on investment, at a lower risk, than a manual underwriting process.
PowerCurve OnDemand is more than an approve/decline decision tool. It can be used
to improve a
wide variety of customer decisions relevant to your business, throughout your
Customer Life Cycle. These include pricing determinations, prescreen decisions, retention
offers, fraud determinations and delinquency treatments.
Request More Information
Learn how Experian's decisioning systems can help optimize your critical business
decisions. Contact us today to speak to a decisioning product specialist.