As auto lenders struggle to integrate artificial intelligence into origination models, powersports lessor MotoLease has fully embraced the technology. In this episode of The Roadmap, MotoLease Chief Executive Maurice Salter and Chief Operating Officer Emre Ucer discuss the steps involved in using AI for originations, as well as the rationale for doing the project in-house.
“The goal is to have every single individual have an independent credit decision based on that person’s behavior not on some standards that are held up against it,” Salter said.
Salter and Ucer also offer details of a soon-to-be launched website to consolidate dealer inventories and offer consumers a centralized resource with prequalification functionality.
In 2010, Maurice Salter and Emre Ucer founded MotoLease, LLC with the goal of providing unique consumer financing and payment solutions to address a changing consumer finance marketplace in the powersport industry. MotoLease was established to provide new models which address dealer and consumer needs while optimizing a proprietary technology platform. MotoLease has grown to become a leading leasing program in powersport finance. MotoLease provides lease origination, underwriting, servicing and financing all supported by its proprietary technology and software for its powersport audience.
Dr. Salter has served as the Chair of the UCLA Foundation from 2011-2013 and remains as a Board Member, currently serviing as Chair of UCLA’s Audit Committee. As Chair, Dr. Salter established the UCLA Investment Company to manage the University’s $4B endowment.