TransUnion Auto Summary

Get the insight you need to make better, more competitive offers

Gaining a deeper understanding of your customer s financial situation is critical in today s competitive auto financing market. Being able to quickly analyze consumers auto financing histories can help you create more competitive offers and improve the overall efficiency of your underwriting process.

Identify your challenges

As interest rates remain a critical factor in winning business from car dealerships and consumers, insight into current and past auto loans is essential to improving offers

Increased manual underwriting has slowed the approval process, creating the need for streamlined reports to help make better, more efficient decisions

Auto refinance through instant prescreen continues to present opportunities for lenders, but lack of rate histories can lead to ineffective offers and low response

More effective lost sales analyses help lenders determine why approved loan applications were funded by other institutions

TransUnion Auto Summary

Displays relevant auto credit data in an easy-to-read format to save time and provide greater insight into the customer s financing situation

Includes up to five of the most recent auto trades (open and closed)

Generates estimate of APR for each auto loan, with a historical accuracy rate of 99.8%, to help improve the ability to offer competitive rates and capture more loans

Calculates total revolving credit to help enhance the decision-making process and assess ability of a consumer to purchase other products

Summarizes payment, balance, months remaining and delinquencies for auto loans Get the insight you need to make better, more competitive offers

Gaining a deeper understanding of your customer s financial situation is critical in today s competitive auto financing market. Being able to quickly analyze consumers auto financing histories can help you create more competitive offers and improve the overall efficiency of your underwriting process.

Provides name, subscriber code and contact information for each auto creditor to help secure payoff information for auto loans that carry a balance

Is delivered via online credit report and instant decisioning solutions

TransUnion APR Estimator

Use in custom or universe expansion analyses to gain a deeper understanding of approved but unfunded loans

Forecast the impact of pricing changes to help identify beneficial rate offers