Point Predictive's 2021 fraud consortium survey: Auto lenders speak out
Banks and auto lenders are facing a dramatic, well-documented rise in auto loan fraud, some of which could be masked by record originations volumes. As the industry prepares for a fraud risk reckoning ahead, risk and technology experts are evaluating the fraud risks that threaten profitability, revisiting loan review processes, and implementing technology solutions to prevent loss. Point Predictive's annual survey of the nation's top auto lenders reveals how they are responding to the multitude of growing fraud risks that appear on loan applications.
Source: americanbanker.com