Black Book revealed its newest product on Wednesday — a valuation tool the company says allows lenders to analyze vehicle values in real time.

Collateral Insight Engine compiles historical, current, and projected vehicle values, and can also analyze collateral performance and create custom views that meet specific lender portfolio needs, the company said.

The new product is available through Black Book Lender Solutions division.

“Auto lenders need to make decisions in a more efficient manner for their portfolio, and Collateral Insight Engine is the most innovative service to bring this level of insight at the click of a button,” said Jeff Bunch, vice president of Black Book Lender Solutions.

“With this product, lenders can see how adding or reducing a certain vehicle or segment will impact their portfolio in real time, expediting the decision-making process,” he added.

Using Black Book’s vehicle values, the company says the new tools helps lenders:

–    Identify opportunities by helping them find the right vehicles that can deliver higher profitability  
–    Fine-tune loss forecasting by providing better insight into determining loss rates and loss severity
–    Balance their portfolios by helping them to determine where a portfolio needs to modify or reduce a certain mix of vehicles.

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