Underwriting Strategy Improvement for Subprime Auto Retailer
Background: A top 5 national auto retailer and lender engaged AQN to assist in redefining underwriting and verifications strategy
Outcome: AQN identified three actionable insights worth $10MM in annual savings in our diagnostic
AQN’s Approach:
Developed a Cox Proportional Hazard model to identify several high-risk populations while controlling for underlying risk assumptions
Performed dealership visits and interviews to better understand manual dynamics of process and gain operator insights to deal structuring
Provided strategic insights on industry benchmarking and best practices based on experience in subprime auto at leading lenders
Key Results:
