Car Finance
Accurate Loan-to-Value Assessments
Overview
Minimize institutional risk and approve automotive loans faster with real-time market value algorithms, title checks, and auction history verification. Achtrex empowers lenders with the definitive, objective data required to assess exact collateral value, ensuring that your portfolios are protected against market volatility and title fraud.
The Challenge
- Assessing the highly accurate collateral value of a vehicle in a volatile market to determine safe Loan-to-Value (LTV) limits.
- Verifying the title status, brand history, and preventing loan origination on salvage, rebuilt, or stolen vehicles.
- Time-consuming manual loan approval processes that require underwriters to consult multiple fragmented data sources.
Our Solution
- Instantly calculate accurate Loan-to-Value (LTV) ratios by pulling real-time retail and wholesale market valuations.
- Automatically check every application for salvage titles, total loss history, and severe accident reports prior to approval.
- Streamline and automate underwriting approvals with instantaneous, high-velocity data ingestion directly into your LOS.
