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Opportunity for Financial Gains in Loan Originations - Reasons to upgrade to FICO® 8 Auto Score
The auto industry is facing critical challenges as it trends towards recovery. To be successful, auto lenders need to approve the best customers and set the right terms at origination, thus minimizing both exposure and collection & recovery costs, while maintaining portfolio value. The newest FICO® Score version for the auto industry, the FICO® 8 Auto Score, demonstrates how increased risk assessment performance can help auto lenders reduce loss and increase profits.