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Automated Decisioning Platform Zoot Enterprises Mulls Expansion Into Powersports

ORLANDO — Zoot Enterprises, an automated credit decisioning platform, is “in talks” with powersports groups, but requires more data before it commits to the market, Eric Hathaway, vice president of marketing, told Powersports Finance at CBA Live yesterday. Zoot typically works with the top 100 banks, but it does have partnerships with six auto lenders because […]

Why Machine Learning for Credit Approvals Sparks Interest From Lenders

When Ford Motor Credit Co. announced it would start to use machine learning for underwriting practices in August, the automotive industry took notice. It is estimated that 30 to 40 auto lenders are looking at alternative credit data for underwriting, either in active usage or in viability testing, according to Brian Landau, senior vice president […]

Zoot Enterprises Aims to Expand Into Title and Servicing

Zoot Enterprises, an automated credit decisioning platform, is looking to expand into the full credit lifecycle by tapping into title and servicing, Auto Finance News has learned. “There’s a big movement in titling as far as decisioning is going,” Eric Hathaway, vice president of marketing, told Auto Finance News. “A lot of it is still done […]

Zoot Adds 2 Auto Lenders to Portfolio

Zoot, a company that provides instant credit decisioning, risk management, and loan origination solutions, has added two undisclosed auto lenders to its portfolio, the company announced today. Currently, Zoot works with four other auto lenders in addition to fintech startups, other financial institutions, retailers, and payment providers. Zoot utilizes cloud-based technology to process millisecond real-time underwriting decisions […]