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Home » E-contracting origination volume increases 21% YoY

E-contracting origination volume increases 21% YoY

PNC e-contracting volume rose 55% YoY

Riley WolfbauerbyRiley Wolfbauer
February 26, 2024
in Technology
Reading Time: 4 mins read
0
Image representing e-contracting

(Photo/Canva)

Digitally originated auto loan contract volumes increased 21% across the industry during the fourth quarter as banks and captives prioritized digital funding while credit unions were slower to adopt.  The number of auto loans originated through e-contracting remained flat quarter over quarter and increased 21% year over year to about 2.1 million contracts, according to […]

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Tags: e-contractingPNC FinancialPremiumWolters Kluwer Financial Services
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