Auto Amethyst
You easily navigate to the first island, emboldened by your passion for lending and swift sailing skills. Congratulations! You have found the chest of the Auto Amethyst and are one step closer to collecting all five legendary lending jewels. Before you can unleash the jewel’s secret to success, you must understand both the challenges and opportunities auto lending can offer.
• Real-time approvals No more sifting through piles of paper - technology that enables instant approvals will help you capture customers swiftly and move more cars off the lot. Offer digital applications for both speed and convenience. • Smarter decisions and lower risk
Challenges
• Prolonged application processing time Some lenders still process auto loan applications manually, taking hours to manage masses of paperwork. Aside from rising shopper frustration, the more time you spend on processing a loan for a single customer means the less time you have to reach new ones and help your business grow. • Inconsistent decision accuracy If you’re working with an inflexible loan origination system (LOS) or have to go through manual processes hundreds of times each day, you cannot guarantee the utmost accuracy of your decisions. If you have to change models based on market shifts, it becomes even harder to make smart decisions for each and every application. • Poor customer experience Auto shoppers often spend more than three hours at a dealership when purchasing a vehicle, but their satisfaction begins to fall in half the amount of time. With trust in car salespeople low to begin with, customers expect fast, personalized offers, and if they can’t get it from you, they’ll find it elsewhere.
Data-driven, flexible decisioning takes the guesswork out of approvals. Lower your risk and increase your accuracy with every decision. Respond to economic uncertainty and market variations with ease and without compromising your risk appetite. • Loyal customers Bypass the one-size-fits-all competition with personalized offers powered by AI. Customers will receive instant approvals with the terms that fit their unique needs, building loyalty and turning them into repeat customers for years to come. Examine the Auto Amethyst chest in more depth Continue the journey and seek out the Mortgage Malachite Now the choice is yours… what will you do next? (click below to choose your path)
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