🚗 Car dealers face challenges with lender decisions due to changing underwriting models. #AutoFinance 🏦
Lenders ditching traditional rate sheets and adopting new underwriting models for considering car loan applicants presents a challenge to car dealership finance offices, leaders at FinBe USA and Axos Bank say.
https://www.autonews.com/finance-insurance/ai-car-loan-decisions-can-complicate-dealer-lender-choice