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.

Explore our solutions for all stages of the auto loan lifecycle:

Loan Originations
Liens
Collateral Management
Collections and Skip Tracing


Loan Originations

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.

Liens

Use CARFAX Canada lien solutions to check for existing liens on a vehicle before issuing an auto loan. Available via User Interface (UI) or API, you can perform single or multi-province lien searches, and lien checks on recreational vehicles.

Collateral Management

CARFAX Canada valuation and vehicle history data can help you analyze and manage your book of business during the lifecycle of a loan.  

Get insight into:

  • Valuation
  • New damage records
  • Stolen status
  • Title & registration changes
  • Open recalls
  • Export records
  • Listed for sale

OUR SOLUTIONS


Collections &
Skip Tracing 

Prioritize and recover collateral faster

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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