CONSUMER LENDING PLATFORM

Accelerated Auto Loans

Grow your direct auto lending portfolio with Upstart’s auto finance platform. It offers seamless digital experiences with higher approvals and potentially lower loss rates.

How it works

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Application
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Bank-branded, mobile-friendly application that allows user to finish their application in one sitting.

Pre-filled application with existing customer information creates a quick and easy process.

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Credit Decisioning

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Risk-based AI model prices customers within your credit criteria resulting in higher approvals and lower losses.

Asset valuation pulled from third party services, and leveraged in loan pricing.

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Fraud & Verification

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Customer application information is verified, and many applicants will be approved with no further action required by them.

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Closing

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Signature process happens same day and is completely digital.

Refinance funding is sent directly to the previous lender, and payoff is verified.

Purchase finance funding is channeled by Upstart to either borrower or dealership.

Seamless title management for both electronic and paper titles.

How it works

Oval

Application

Bank-branded, mobile-friendly application that allows user to finish their application in one sitting.

Pre-filled application with existing customer information creates a quick and easy process.

Oval

Credit Decisioning

Risk-based AI model prices customers within your credit criteria resulting in higher approvals and lower losses.

Asset valuation pulled from third party services, and leveraged in loan pricing.

Auto_CD Copy
Oval

Fraud & Verification

Customer application information is verified, and many applicants will be approved with no further action required by them.

Auto_FV Copy
Oval

Closing

Signature process happens same day and is completely digital.

Refinance funding is sent directly to the previous lender, and payoff is verified.

Purchase finance funding is channeled by Upstart to either borrower or dealership.

Seamless title management for both electronic and paper titles.

Auto_Closing Copy

Optional services

Customer Acquisition

Upstart can present your offer of credit to applicants on the Upstart.com site, helping you drive origination volume that compliments your existing marketing efforts.

Loan Servicing

Upstart provides a comprehensive servicing solution including U.S. based customer support, bank-branded payment platform, and collections services.

You're in control

Configure your credit policy

Set more than 15 criteria including minimum credit score, maximum debt-to-income ratio, loan sizes, loan-to-value ratios, and more.

Leverage AI to predict default

Estimate the probability and timing of default, enabling you to approve the right applicants at the right price.

Control your economics

Configure rates to meet your desired return on assets tailored to your risk appetite.

You're in control

How you benefit

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Delight customers

Achieve Net Promoter Scores (NPS) scores far higher than published benchmarks for the largest banks.1

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Drive growth

Enhance your credit decisioning and identify more credit-worthy borrowers within your risk appetite.

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Manage risk

Reduce losses by up to 75% with per-applicant pricing and systematic response to economic conditions.2

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Improve efficiency

Enable your staff to focus on higher-value tasks with automated fraud and verification processes.

Request Info

Learn how to delight your customers, minimize risk & profitably grow your consumer lending business through your own branded, all-digital lending experience.

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1 To determine Net Promoter Score (NPS) score, Upstart used a third-party service to administer surveys to personal loan applicants immediately following an applicant’s acceptance of a loan on Upstart’s platform.While the NPS methodology used by Upstart’s third-party service was designed to be consistent with the methodology used in the referenced benchmark study, any differences in the timing or method in which the surveys were administered could negatively impact the comparability of such NPSs. Source of bank NPS scores: Forbes, citing Temkin Group Insight Report, NPS Benchmark Study, 2018, October 2018.

2 In an internal study, Upstart replicated three bank models using their respective underwriting policies for personal loans and evaluated their hypothetical loss rates and approval rates using Upstart’s applicant base in late 2017. Such results represent the average rate of improvement exhibited by Upstart’s platform against the three respective bank models.