CARFAX Canada for Banking and Lending

Improve accuracy
Improve the accuracy of your loan-to-value calculations when you adjust for title brands, total loss, ownership type, service history, mileage and more.

Protect against fraud
Leverage vehicle history information to help uncover common types of fraud, including title washing, VIN cloning and odometer rollbacks. Check for red flags at loan origination to help protect your portfolio and borrowers.

Lend on safer vehicles
A vehicle with prior severe damage may be unreliable and is more likely to break down, leading to costly repairs and potentially borrower default. Ensure driver safety and protect your portfolio by checking for prior severe damage before lending on a used vehicle.

Locate collateral
With the most trusted and comprehensive source of vehicle history information in Canada, CARFAX Canada can help you locate vehicles anywhere within North America.

Prioritize collections
Prioritize based on favourable resale characteristics such as one-owner, low mileage, regular service history and no accidents. Use vehicle history to make more informed decision as to which vehicles are more likely to sell faster and lead to better returns.

24/7 VIN monitoring
Monitor a small or large portfolio of VINs for new activity. You’ll receive notifications when new records are detected, such as: service records, accidents, stolen, title changes, exported, inactive and registration records, to assist in skip tracing.

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Improve auto lending

Our automotive data solutions integrate into existing processes to deliver a cost-effective approach to mitigate risk and improve business results for banks, credit unions and auto finance companies.

Loan Originations

Liens

Collateral Management

Collections &
Skip Tracing

Looking for more information about our solutions?

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