Case Study: Carriage Auto Group saves over $50K in fraud losses with Point Predictive’s BorrowerCheck

Carriage Auto Group - Customer Case Study

Carriage Auto Group, a multi-dealership auto group, was facing significant financial losses from fraudulent loan applications that bypassed their internal verification checks. After experiencing three consecutive buybacks totaling tens of thousands of dollars, they sought a solution from the vendor Point Predictive and its BorrowerCheck service.

Point Predictive implemented its AI-powered BorrowerCheck solution to scan applications against a proprietary data repository. The solution immediately proved effective by identifying fraud in three test deals. Within the first two months, it screened over 100 applicants, detected 5 fraudulent deals, and saved Carriage Auto Group approximately $50,000 in losses, leading them to adopt the tool for all customer applications.

Carriage Auto Group

David Basha

Owner and Founder