Case Study: Elite Acceptance Corporation achieves better risk decisions and low loan return rates with Point Predictive

Elite Acceptance Corporation, an auto loan financing company that operates in a high-risk market segment, provides credit to customers who may be turned away from other lenders

Elite Acceptance Corporation, an auto loan financing company operating in the high-risk subprime market, faced the challenge of needing to approve a higher proportion of riskier applications to generate sufficient revenue, while also protecting its dealer relationships by avoiding loan retractions. Their previous models led them to decline too many applications. They turned to Point Predictive and implemented its Auto Fraud Manager and Case Manager services to better evaluate applicants holistically.

Point Predictive's solution used artificial intelligence to analyze employment, income, and residency data to find reasons to approve applicants and flag truly fraudulent ones. This helped Elite Acceptance achieve a loan return rate of less than 5%, protecting their dealer partnerships. When a loan did need to be retracted, Point Predictive's forensic analysis provided evidence to demonstrate the fraud to dealers.

Elite Acceptance Corporation

Steve M Christensen

Senior Vice President