director of risk management, Daimler Financial Services Americas
Before You Walk Away
A customer who has to wait for automobile financing approval may walk away from the lender in search of a better, faster deal. This makes it critical to have the ability to offer fast, superlative customer service while controlling risk.
Both automobile lenders and dealers share a common concern: loan origination that is accurate, timely, and reliable. Taking months to develop and deploy new risk models can be painfully expensive. Zoot’s automobile lending solution provides realtime service to the dealer and market responsiveness for the lender. Our solution allows lenders to manage risk policy and implement new criteria rapidly for dealer’s use.
Business User Control
Zoot gives business users the control to configure credit policies, adjusting for market and consumer behavior changes. Without accurate and timely data, loans can be grossly over- or underpriced, creating a lost sale or a higher-than-acceptable risk load.
The automotive loan origination process is complex, taking into consideration vehicle valuation, subprime and underbanked consumers, as well as fraud and identity theft. In addition, dealers need information to best present the loan, offering a range of scenarios, e.g., a 10% down payment leads to a different monthly payment and interest rate than 30% down.
Improved Risk Management + Improved Sales = Total Satisfaction
Zoot’s solution is quick to market and easily tailored to meet specific auto line-of-business needs while offering loans that are appropriately priced. Zoot can help you provide dealers with the information they need to improve their sales by increasing acceptance rates and offering excellent risk management. The result? Satisfying everyone—from the customer, to the dealer, to your lending institution.