“In continuing this trend, we’re proud to offer Black Book’s unique History-Adjusted Valuations, a first-of-its-kind resource to help automotive professionals further pinpoint the most accurate value of a vehicle.” “defi SOLUTIONS has always strived to be a pioneer and innovator in loan origination solutions,” said Stephanie Alsbrooks, CEO of defi SOLUTIONS. HAV helps automotive professionals remove the guesswork involved by providing access to a more precise value on each individual vehicle. What’s more, users can improve advance amounts to minimize future loss severity prevent dealer fraud pinpoint active loans in Collections/Servicing and use HAV to set floors more accurately when remarketing.Įven with the use of vehicle history reports, automotive professionals are still reliant on making an unscientific, educated guess as to the impact a vehicle’s history has on its value, which often leads to mistakes in the valuation process. defi SOLUTIONS becomes the first loan origination platform to include Black Book’s HAV data feed, and users benefit by identifying undesirable deals prior to the origination process. History-Adjusted Valuations are a VIN-specific, analytics-driven resource that delivers Black Book’s most precise vehicle valuations, helping automotive professionals determine the impact a vehicle’s history has on its value. Precise Valuations Reduces Losses, Helps Lenders Expand Portfolio Profit Potentialīlack Book, a division of Hearst that provides industry-leading used vehicle valuation and residual value forecast solutions, today announced its History Adjusted Valuations (HAV) data and resources will be integrated into an interface with defi SOLUTIONS, a leading innovator in lending industry software.
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