Modernize your Automotive Lending Tech Stack
Boost loan performance with compliance and efficiency automations, collateral tracking, and the ability to diversify lending products for your customers – launched, serviced, and collected in one convenient platform.
50%
of auto lenders offer, or plan to offer embedded finance
85%
of consumers who have used embedded financing solutions would use them again
2-5X
Deploying embedded finance can increase revenue per customer by 2-5X
7.3%
Auto Industry is expected to register a compound annual growth rate (CAGR) of 7.3% over the next 7 years
Manage Automotive lending products with LoanPro
Auto Financing
If it has a VIN, you can lend it. Make use of our platform’s ability to track multiple collateral, insurance, repossession, and native tracking of sales prices, tax, and warranties.
Dealer Financing
Servicing in-house? Flexible calculation types, payment frequency options, and collateral tracking are some of the ways we set you up for success with your borrowers.
Installment Loans
Offer unique installment lending programs, unsecured or secured, with highly customizable payment terms and schedules.
Lease Financing
Stressing over your leased assets? Collateral, insurance, and warranty tracking, along with advanced lease calculation options highlight our platform’s lease financing capabilities.
Lease to Own
Gain access to lease and installment calculations to accommodate all scenarios, including buy-out options for the lease, or options for a lease with no residual value.
Point of Sale
Offer unique terms and schedules with fully customizable loan configurations to set your lending product apart at the point of purchase.
Recreational Vehicles
Fun for the whole family. Track multiple collateral, insurance, repossession, and native tracking of sales prices, tax, and warranties.
Refinancing
Replacing an existing loan with different terms or conditions with configurable loan terms that can be modified agnostic of date
Unique Constructs
Even if it’s not listed here, chances are we do it. With over 900 unique lending products utilized by our clients, our configurable loan creation dashboard can meet your specific needs.
Every department succeeds with LoanPro
Consolidate to One Platform
Centralize calculations, servicing, payments, communications, collections, and reporting, and enhance acquisition and origination processes with LoanPro.
Collateral Mangement
Easily track the collateral that secures your loans. Attach multiple items to a single loan, record custom item attributes, and even track policies insuring collateral to make sure they stay current.
Go to Market Quickly
Easily migrate to LoanPro or integrate with current systems. Our experts will guide you through migration and help you designs programs that drive revenue and reduce costs based on learnings from our customers across a variety of industries.
Expand your Product Line
LoanPro’s cloud-native architecture unlocks unlimited loan programs within a single environment. Add new lending products and models to your LoanPro instance with ease.
Stay in Compliance
Protect your data with LoanPro’s strict security protocols, including adherence to OWASP guidelines, and SOC 1-3 and PCI-DSS level-1 certifications.
Automate Compliant Communications
Avoid regulatory fines with LoanPro’s automated document generation and communication workflows including repossession, bankruptcy, and automated e-communication requirements.
Consistent Rate Calculations
LoanPro’s calculator ensures CFPB-compliant APR calculations, which flow through to make amortization and TILA disclosure APRs match perfectly.
Cut Production Errors
While LoanPro’s sandbox is a safe place to build and test, we also have an in-house client QA team that is an added layer to ensure costly errors don’t go to production.
Configurability & Personalization
Drive acquisition and retention through loans programs as unique as your customers, such as repayment schedules that match income patterns, payment holidays, and decreasing payments over time.
Control your Scale
Stay ahead in lending innovation with our ultra-configurable platform that gives you the flexibility to adapt to changing consumer needs and market conditions instantly.
Analytics & Reporting
Accurately measure metrics that matter most to you, in real-time. Utilize our custom dashboard or plug-in to your own BI tool for meaningful insight into performance at any level.
Increase Repayment Rate
Utilize autopay and automated customer communication to improve portfolio performance and streamline collections. Channels include email, SMS, phone call, direct mail, or custom integration.
Self-Service Options
Improve loan performance with best-in-class autopay functionality. We make it easy for your borrowers to pay; automated workflows mean fewer agents are needed to scale.
Agent Experience
Onboard agents faster with customizable in-product guides. Bonus: with our guides, Agents can handle more cases, in less time, with fewer errors.
Uplevel your Agents
Empower agents with a single platform for all lending programs to log changes, see borrower info, and initiate PCI-compliant payments.
Live Loan Modifications
Utilize the power of an intuitive and flexible system that can handle personalized servicing for complex needs; refinance, accommodate hardships, change due dates, create custom schedules, modify rates, and more.
API
Use our API to connect commercial or custom-built applications directly with the LoanPro platform for a fully integrated stack.
Own your data
Enjoy direct database access for fast, real-time data retrieval, so large data sets can be pulled, used, warehoused, and analyzed outside of LoanPro.
Webhooks
29 event-based webhook triggers and customizable payloads give you everything you need to automate downstream workflows and keep all your systems current, without the middleware.
Delightfully Integrated
Seamlessly connect LoanPro to your other systems & reap the benefits of a platform that works beautifully with your existing operation.
Purpose Built
Built specifically for your intended lending use case. Using our industry knowledge combined with your input and best practices we’ve seen across industries each configuration is setup to do the exact work that needs to be done.
Customizable Configuration
Every lender has unique requirements. The tech stack used to build on our lending platform has the flexibility to accommodate your current and future needs through simple configurations.
Simple and Streamlined
Eliminate costly errors through simplifying and automating your lending. Every action taken to streamline your processes increases loan performance and bottom line revenue.