Auto lenders
Drive operational efficiency while accelerating growth and innovation
Challenges for auto lenders today
Rising delinquency rates
Delinquency rates on auto loans have risen over 30% in the last year
Manual processes
Agents are stuck manually servicing accounts, costing time and money
Disjointed systems
Key tasks are handled out of separate tools, with limited communication between systems
Negative consequences of challenges
Increased cost of capital
Extending loans is more expensive and riskier than ever, with default rates impacting your ability to get more capital
Diminishing margins
Every minute spent on servicing, collections, and back office inefficiencies decreases profits
Poor borrower experiences
Working out of disconnected systems makes life difficult for your borrowers, agents, and back office
The value that 600+ lenders achieve through LoanPro’s modern lending and credit platform
Increase operational efficiency with custom automations and auto lending guided workflows
Embed your business logic into LoanPro’s Automation Engine to service accounts in the background- Streamline and automate processes like contracting, communication, and repossession
Acquire new customers through increased efficiency
- Seamlessly integrate your origination partners into LoanPro’s modern API to form a single, cohesive system
- Launch differentiated credit products, such as a line of credit based on a car’s current market value
Establish customer loyalty through a best-in-class borrower experience
- Provide a delightful experience that encourages borrowers to return for future lending needs
- Automation Engine services lending and credit products before customers even notice
Reduce risk of defaults and regulatory fines
- Use hardship programs to keep struggling borrowers engaged instead of dropping off
- Compliance Safeguard keeps your operations aligned with ever-shifting regulations
How LoanPro
solves the problem
for auto lenders
Modern Lending Core
Handle auto loans, leases, lines of credit, and other innovative products through a unified lending platform
Origination Suite
Approve more consumers for auto loan and credit products through complete configurability
Servicing Suite
Streamline insurance updates, repossessions, and other tasks with automations and guided workflows
Collections Suite
Communications, hardship programs, and more that build a high-performance auto loan portfolio
Payments Suite
Automate the payment process through PCI-compliant ACH, debit, and credit payments
Launch any unique auto-related loans, lines of credit, and credit cards on one platform to drive growth
Installment loans
Create unique auto installment loans to differentiate in a crowded market
Lease
Create lease opportunities with buy now, pay later for auto parts, car upgrades, and more
Line of credit
Launch a line of credit tied to a car's current market value, or use flexible settings to create other unique line of credit products
Credit card
Upsell your customers with a differentiated credit card to expand your customer lifetime value
Custom
Have a unique idea? Launch any lending and credit construct imaginable using LoanPro
What our 600+ customers say about LoanPro
Why partner with LoanPro
The only lending platform at the intersection of innovation and scalability.
Innovate Quickly
- Configurable end-to-end platform
- Pre-configured templates for all classes of loans
- API-first to integrate with existing tech stack
Scalable Growth
- Launched over 2,000 credit programs
- 25M+ active loans on LoanPro
- Launch compliant loan modifications in days
LoanPro is never our long pole. We know that we are at the stage where anything is entirely possible, and it wasn't with our previous platform.
With the product that the agents were using before, they had to toggle in a lot of different places to efficiently service loans. LoanPro brought that all into a single place.
It's good to have a strong partner that focuses on technology and building an infrastructure platform. We get more leverage out of having a partnership than building something internally.
Build a high-performing auto lending portfolio with LoanPro today
Talk with our team about LoanPro’s modern lending and credit platform.