Case Study: Octane Lending achieves 36% loan origination growth with FICO Auto Score 10

Octane Lending grows loan originations 36% with FICO Auto Score 10

Octane Lending, a fintech company specializing in recreational vehicle financing, sought to enhance its credit risk assessment to drive growth. To achieve more precise and smarter lending decisions, the company turned to vendor FICO and implemented the FICO® Auto Score 10 solution.

By leveraging FICO's advanced analytics, specifically the FICO® Auto Score 10, Octane gained a more predictive tool for evaluating borrower risk. This allowed them to responsibly expand into new markets. The results were significant, including a 36% year-over-year increase in loan originations and a dramatic 140% increase in dealer adoption of their prequalification tools, solidifying FICO's role in their success.

Octane Lending