Modernize your Automotive Lending Tech Stack
Lend more, collect more, and adapt to economic conditions and lending trends quickly, with diversified lending types for your customers – launched, serviced, and collected in one convenient platform.
- Auto Loans
- Lease Financing
- Dealer Financing
- Commercial Loans
- Refinancing
50%
of auto lenders offer, or plan to offer embedded finance
85%
of consumers who have used embedded financing solutions would use them again
2-5X
Deploying embedded finance can increase revenue per customer by 2-5X
7.3%
Auto Industry is expected to register a compound annual growth rate (CAGR) of 7.3% over the next 7 years
Every department succeeds with LoanPro
Consolidate to One Platform
Centralize calculations, servicing, payments, communications, collections, and reporting, and enhance acquisition and origination processes with LoanPro.
Collateral Mangement
Easily track the collateral that secures your loans. Attach multiple items to a single loan, record custom item attributes, and even track policies insuring collateral to make sure they stay current.
Go to Market Quickly
Easily migrate to LoanPro or integrate with current systems. With 1,200+ customers under our belt, our experts will guide you through migration and help you designs programs that drive revenue and reduce costs.
Expand your Product Line
LoanPro’s cloud-native architecture unlocks unlimited loan programs within a single environment. Add new lending products and models to your LoanPro instance with ease.
Stay in Compliance
Protect your data with LoanPro’s strict security protocols, including adherence to OWASP guidelines, and SOC 1-3 and PCI-DSS level-1 certifications.
Automate Compliant Communications
Avoid regulatory fines with LoanPro’s automated document generation and communication workflows, which can include regulatory frameworks such as SCRA.
Consistent Rate Calculations
LoanPro’s calculator ensures CFPB-compliant APR calculations, which flow through to make amortization and TILA disclosure APRs match perfectly.
Cut Production Errors
While LoanPro’s sandbox is a safe place to build and test, we also have an in-house client QA team that is an added layer to ensure costly errors don’t go to production.
Configurability & Personalization
Drive acquisition and retention through loans programs as unique as your customers, such as repayment schedules that match income patterns, payment holidays, and decreasing payments over time.
Control your Scale
Stay ahead in lending innovation with our ultra-configurable platform that gives you the flexibility to adapt to changing consumer needs and market conditions instantly.
Analytics & Reporting
Accurately measure metrics that matter most to you, in real-time. Utilize our custom dashboard or plug-in to your own BI tool for meaningful insight into performance at any level.
Increase Repayment Rate
Automate customer communication to improve portfolio performance and streamline collections. Channels include email, SMS, phone call, direct mail, or custom integration.
Easy Payment Options
Improve loan performance with best-in-class autopay functionality and configurable due date scheduling with convenient payment options for hassle-free payments.
Agent Experience
Onboard agents faster with customizable in-product guides. Bonus: with our guides, Agents can handle more cases, in less time, with fewer errors.
Uplevel your Agents
Empower agents with a single platform for all lending programs to log changes, see borrower info, and initiate PCI-compliant payments.
Live Loan Modifications
Utilize the power of an intuitive and flexible system that can handle personalized servicing for complex needs; accommodate hardships, change due dates, create custom schedules, modify rates, and more.
API
Our API enables outside systems to securely gather data from and make updates to LoanPro. Directly connect your custom-built applications.
Full Database Access
Own your data. We give direct database access for fast data retrieval, so large data sets can be pulled, used, warehoused, and analyzed outside of LoanPro.
Webhooks
Send webhooks to notify other applications of loan events, like payments, or conditions, like delinquency. Keep your other systems informed when changes to loans occur.
Connectivity
Don’t change your operation to fit your software; choose a software that fits into your operation. We offer connectivity options that help LoanPro work seamlessly with your other systems.
Purpose Built
Built specifically for your intended lending use case. Using our industry knowledge combined with your input and best practices we’ve seen across industries each configuration is setup to do the exact work that needs to be done.
Customizable Configuration
Every lender has unique requirements. The tech stack used to build on our lending platform has the flexibility to accommodate your current and future needs through simple configurations.
Simple and Streamlined
Eliminate costly errors through simplifying and automating your lending. Every action taken to streamline your processes increases loan performance and bottom line revenue.