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Wells Fargo looks to increase vehicle loan automation

Amanda Harris by Amanda Harris
January 15, 2021
in Earnings
Reading Time: 2min read

Wells Fargo Auto is hoping to increase automation within its loan approval process by investing in the company’s origination system and credit decision tools. Auto lenders are investing in technology as more customers view and buy cars online. Wells Fargo’s goal is to up decision automation to more than 70% by 2022, from 59% in […]

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Tags: Allowance for credit lossescovid19earningsMag LeadersPremiumWells Fargo Auto
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