Direct auto lending
Direct auto begins with the borrower relationship.
Applications can enter through myLOAN, a branch, call center, pre-approved offer, prequalification workflow or authorized API. The lender can evaluate the borrower before a vehicle is selected, or collect vehicle and purchase information as the transaction develops.
The workflow can coordinate:
The same workflow carries other direct consumer lending programs where the lender runs them alongside auto.
Indirect auto lending
Indirect auto begins with the dealer and runs on response time.
Applications can arrive through Dealer Portal, Dealertrack, RouteOne or a supported API. appTRAKER brings the applicant, dealer, vehicle, proposed structure and credit information into the lender process, where rules and staff can evaluate the deal.
The indirect workflow can support decisioning, conditions, rehash, document exchange and funding communication while the customer is still engaged at the dealership. Automotive indirect lending covers that work in full, and myDEALER holds the dealer relationship behind the individual deal.
Vehicle and collateral information
Automotive underwriting depends on the vehicle as well as the borrower.
Supported integrations can bring VIN details, valuation and vehicle-history information into collateral review. Lender rules can evaluate factors such as age, mileage, book value, sales price, LTV, amount financed and program eligibility.
The selected providers, returned data and decision use are defined by the lender implementation.
Decisioning and deal structure
One decides. The other structures. Underwriter review remains available for exceptions and judgment.
Documents and communication
CONNECT
Keeps borrower or dealer SMS and email activity associated with the application.
DOCS & FORMS
Supports stipulations, generated forms, Form Packs, supported document providers and eSign.
Dealer Portal
Gives authorized dealers a place to review applicable decisions and requirements, upload files and follow the transaction.
After origination
appTRAKER manages the work through approval, documentation, funding and the defined booking or boarding point. Core banking, servicing, accounting and content-management systems continue managing their responsibilities after the handoff.
Supported APIs and interfaces can transfer customer, loan, collateral and document information at the appropriate stage.
Why LAUNCHER.SOLUTIONS for auto lending?
Build your auto lending operation around your strategy
You choose the direct and dealer channels, the scorecards, the dealer networks you participate in, the verification providers that fit your risk strategy and how much underwriting you automate.
appTRAKER gives automotive lenders a configurable foundation for building the lending operation they need.
appTRAKER
Configurable, scalable loan origination built around your products, channels and credit policy.
Explore →myDEALER
Dealer relationship management, built into the origination workflow.
Explore →myLOAN
A branded online application experience that feeds straight into appTRAKER.
Explore →autoBOUGHT
Your virtual underwriter — automated, 24/7 credit decisioning.
Explore →launchPAD
Essential origination tools for startup lenders and new programs.
Explore →Fraud Intelligence
Identity, phone, location, address, and bureau signal intelligence at the point of decision.
Explore →Dealer Portal
Give your dealer network one connected place to submit, work, and close deals with your lending team.
Explore →CONNECT
Two-way SMS and email between your lending team and applicants, tied to the loan.
Explore →autoBUILT
Configurable workflow automation for your origination process.
Explore →appTRAKER DOCS & FORMS
Document management, form generation, Form Packs and eSign — built into the LOS.
Explore →Frequently asked questions about automotive lending
Can the same lender support direct and indirect auto in appTRAKER?
Yes. The channels can share an origination foundation while using different intake, workflow, communication, collateral and funding processes.
Does appTRAKER connect with Dealertrack and RouteOne?
appTRAKER supports established indirect-application workflows involving Dealertrack and RouteOne. The exact data exchange and services should be confirmed for the implementation.
Can auto-loan decisions be automated?
Yes. Lenders configure the criteria for approval, decline, referral, verification and authority. Exceptions can remain with staff.
Can appTRAKER help restructure an indirect auto deal?
Yes. autoBUILT can evaluate lender-permitted structural alternatives involving factors such as LTV, PTI, term, down payment, amount financed, payment and collateral value.
Does appTRAKER support automotive fraud detection?
Yes. Fraud Intelligence brings multiple fraud and identity signals together inside appTRAKER, and additional automotive-specific fraud intelligence can be incorporated through supported partner integrations.
Can appTRAKER verify income and employment?
Yes. Supported verification integrations can return income and employment information directly within the origination workflow.
Can appTRAKER connect to our servicing or core platform?
Yes. appTRAKER provides APIs and supports integrations with downstream loan-management, servicing, core, accounting and other lender systems.
Does appTRAKER service the loan after funding?
No. appTRAKER is an origination platform. It can pass supported information to the core or servicing system responsible for the account after boarding.
