Grow your indirect auto loan portfolio
Indirect auto loans comprise the majority of auto loans outstanding. Despite the large size of the market, it’s becoming increasingly difficult to maintain margins due to strong competition.
Gain a competitive edge to win more loans from dealers. Deploy Upstart’s AI-based Credit Decision API with your existing systems to find hidden prime borrowers through instant and accurate risk-based pricing, all within your risk profile. Our technology will enable you to offer better priced rates and faster credit decisioning for every applicant.
How you benefit
How it works
Dealer requests loan offer
Dealer submits customer and vehicle information to your institution using their existing dealer portal.
Your institution passess the application data to Upstart via our secure Credit Decision API.
Credit decision delivered
Upstart’s AI model leverages over 1,000 variables to individually price applicants within your credit criteria, resulting in higher approvals and lower losses.
100% of applicants receive an instant credit decision.
Upstart’s Credit Decision API returns risk-based pricing and term options, or a decline.
Dealer receives decision and loan offers
Existing portal displays multiple deal structures to give the dealer more options.
Deal structure is finalized and loan is closed
Dealer can adjust the deal structure (i.e. add F&I products, change down payment, etc), and Upstart can provide instant repricing for faster closing.
Loan is originated using the existing process established with your dealer.
You're in control
Configure your credit policy
Set your pricing strategy
Configure rates to meet your desired return on assets tailored to your risk appetite.
Leverage AI to predict default
Approve borrowers that meet your risk profile – our model predicts the probability and timing of default.