Lenders Protection™ is a risk management program featuring default insurance coverage for near-prime and non-prime auto loans. ​The Lenders Protection™ program is a unique auto lending enablement platform that allows financial institutions and other auto lenders to model their specific overhead and funding costs and set a target ROA for their insured portfolio. The result is a profitable auto loan portfolio with carefully managed pricing and risk characteristics.

• Earn higher yields with the assets you have Take advantage of the existing application flows already being processed and increase return on assets and profitability.
• Significantly increase your vehicle lending volumes Provide more auto loans outside your normal prime lending guidelines and book more approved and conditioned loans.
• Be up and running in weeks, not months Lenders Protection™ is fast and easy to implement in 45 days or less, with no implementation fees or set-up costs.
• Sophisticated analytics, customizable for your lending institution As the lender, you control all credit decisions. Configure your own specific costs and desired ROA.
• Fair lending compliant The Lenders Protection™ program offers improved underwriting rules that identify qualified applicants in the near-prime and non-prime risk categories. It also includes an enhanced underwriting and pricing engine that allows the lender to approve and price individual loans to fit the portfolio design and profitability targets.
• Pre-packaged third-party auto loan default insurance offered by two “A” rated carriers High-quality default protection insurance allows you to mitigate, manage, and share risk effectively while still offering attractive rates.
• Better service for borrowers Reduce down payment requirements to help borrowers avoid expensive “buy here, pay here” dealers.
• Value-added benefits Improve auto dealer loan volumes and stronger relationships while expanding sales of auto loan related products (GAP waiver, warranty, insurance).