Case Study: Deep Subprime Auto Lender achieves +29% KS risk lift, +11% more approvals and 100% population scoring with Equifax

How a subprime auto lender used the Equifax Ignite Configurable Score - Auto

A deep sub-prime auto lender engaged Equifax to address a data-append and loan origination system challenge. The lender sought improved risk identification, fewer No Hit/Thin files, optimized deal structure (loan amount, APR, payment aligned with ability to pay) and automation of underwriting to reduce time-consuming manual reviews.

Equifax developed a configurable alternative-data scorecard (four sources) delivered in real time via ACRO, enabled a tri-bureau score through ETAC, and provided logic coding to automate deal-structure optimization. The solution scored 100% of the population (vs Vantage 3.0 at 92% and FICO at 74%), produced a +29% KS risk-separation lift on booked population, an +11% approved-population lift while maintaining bad rates, and an additional +10-point KS improvement after further variable optimization and inclusion of Clarity third-party data.