3 dealer groups & luxury store partner with Point Predictive
Point Predictive is building a robust dealership client portfolio, too.
The fraud prevention operation that leverages artificial intelligence for its solutions has many clients throughout financial services and now has partnerships with several dealership groups, including Napleton Automotive Group, Carriage Auto Group, Cavender Auto Family and Butler Lexus of South Atlanta.
At the forefront of this expansion is BorrowerCheck, a solution that can harness the power of AI to fortify fraud defenses in auto finance. It can empower auto dealerships and finance companies to identify individuals with income, employment and identity-related risks that could lead to contract buy-back demands or hinder future applications.
Through a news release from Point Predictive, representatives from the partnering dealerships highlighted the operational improvements facilitated by BorrowerCheck, including:
—Preston Stewart, national variable operations director at Napleton Automotive Group, who said: “With Point Predictive’s unrivaled data accuracy, we now have a powerful ally in our fight against fraudulent misrepresentation at the point of sale. Integrated directly into RouteOne, BorrowerCheck’s time efficiency in sales and finance, coupled with the assurance it brings to our dealer-lender relationship, has been revolutionary.”
—David Basha, owner and founder of Carriage Auto Group, who said: “BorrowerCheck has been transformative for Carriage Auto Group. We run a BorrowerCheck report for every client, even those with high beacon scores because they’re often victims of identity theft. When even some of the most stringent traditional checks have failed to identify fraudulent applicants, BorrowerCheck has succeeded. The cost is a fraction against other less effective solutions – and most of all, against the potential losses you could suffer without it. Every dealer should have BorrowerCheck.”
—Ben Stillwagon, director of IT at Cavender Auto Family, who said: “I see BorrowerCheck as a game-changer in our group, as it gives us great visibility into the true risk of a borrower early on in the process. The tool allows us to very easily and quickly know if a borrower will cause us a compliance headache right from the get-go in the car buying experience, speeding up the verification process for our real buyers.”
—Kevin Deutsch, general manager at Butler Lexus of South Atlanta, who said: “I finally have peace of mind on out-of-state and digital deals with the Point Predictive BorrowerCheck solution that provides confidence within our due diligence process.”
Point Predictive CEO Tim Grace said other dealerships across the nation have proactively embraced BorrowerCheck, deploying it as an integral component of their risk management strategies to enhance the security and efficiency of their financing processes.
“In harnessing the power of BorrowerCheck, we’ve witnessed an incredible surge in partnerships with dealers and dealer groups,” Grace said in a news release “The momentum we’ve achieved in signing these deals is a testament to our commitment to providing unparalleled AI solutions.
“As we carry this remarkable momentum into 2024, we remain steadfast in our dedication to empowering dealerships, fostering secure lending environments, and shaping the landscape of collaborative success in the industry,” Grace continued.
Point Predictive’s accomplishments in securing partnerships with a multitude of dealerships have generated excitement within the automotive community. Dealerships are actively utilizing BorrowerCheck, recognizing its potential to revolutionize the way they manage and mitigate fraud risks in auto lending.
For more information about Point Predictive’s work with dealerships and finance companies, contact Jeff Hendren at firstname.lastname@example.org.