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Consumer Portfolio Services updates automated decisioning tool

The lender’s loan-approval rate dropped 5% in Q4 2022

Riley Wolfbauer

Consumer Portfolio Services is gearing up to launch the latest iteration of its automated origination “scorecard.”    CPS in the first quarter is launching its “generation eight” origination scorecard model, which is the “brain of the lender’s credit decisioning,” Mike Lavin, president, chief operating officer and chief legal officer at CPS, told Auto Finance News.  “The […]

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