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Automotive Cloud
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            Manage Vehicle Loans and Leases

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            Manage Vehicle Loans and Leases

            Use the Vehicle and Asset Lending Console to get a unified view for managing loan applications, tracking applicant Know Your Customer records, and gauge the creditworthiness of applicants through integrated Experian and Equifax data. Underwriters and financial managers can automate decisions and analyze key metrics. Service reps and customers can utilize the Agent Assisted Application Management and Experience Cloud sites for seamless application tracking. Leverage Omniscript-based flows and Unified Catalog streamlines service processes and ensure compliance with fair lending regulations.

            Required Editions

            Available in: Enterprise, Unlimited, and Developer Editions.
            • Roles and Responsibilities of Key Personas in Automotive Finance
              Review the key personas involved in the automotive lending process and understand their responsibilities and how they interact with the application.
            • Streamline Vehicle and Asset Lending
              Use the Vehicle & Asset Lending Console to get a comprehensive view of all loan and lease applications, applicant information, and related records for vehicles or assets. Financial managers can track the employment, income, credit score, and personal information about applicants. Track liabilities, assets, and Know Your Customer identity records used for screening and verification, and documents uploaded by the applicants all from the console. Underwriters can also use the console to analyze key metrics related to an application, create proposals, and assign action items for an application. Agents can use the Agent Assisted Application Management app to submit applications on behalf of customers. Customers and dealers can use the Experience Cloud site to apply for loans and leases, track their statuses, and accept or reject the proposals shared by the underwriters for review. Use the Funding Workbench Console to facilitate the end-to-end disbursement process.
            • Manage Credit Bureau Data in Automotive Cloud
              Optimize automotive loan decisions by using credit bureau reported information. Credit analysts and risk managers can view and compare credit bureau details through the credit bureau records. Integrate credit reports and scores from major bureaus like Experian and Equifax, providing a comprehensive view of a borrower's financial history. Assess creditworthiness, verify identity, and detect fraud, leading to faster and more informed decisions. Automates the underwriting process, ensuring compliance with fair lending regulations.
             
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