Fraud analytics, alt-data reduce risk for nonprime lenders | Auto Finance News | Auto Finance News

Fraud analytics, alt-data reduce risk for nonprime lenders

The ability to identify risk as early as possible in the loan origination process can improve portfolio performance, and lenders focused on nonprime segments have better resources than ever before to reduce loan risk.

Early identification of high-risk borrowers can reduce or potentially eliminate defaults. Fraud analytics and alternative credit data — which provides a more detailed picture of borrower financial strength — easily integrate with cloud-based loan origination solutions to help nonprime lenders reduce risk and increase lending opportunities.

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