New Lines of Business Require New Solutions

A multinational automotive manufacturer valued at more than $175 billion purchased a U.S.-based automotive industry lending innovator. Their plan was to create a platform from which to grow a full-service captive finance organization.

They needed loan originations and analytics that could support their multiple lines of private label business in the United States.

Based on the lending team’s previous knowledge of and experience with defi products and services, the company’s leadership quickly entered into an agreement with defi SOLUTIONS.

In only five months, an entire multi-product, multi-service solution was configured and implemented to fit the client’s specific needs and unique specifications. And, in addition to the project’s origination scope, the need grew to include expanded analytics capabilities, lease originations, lease and loan servicing via defi’s managed servicing outsourcing center using defi’s proprietary servicing system, and eContracting.

Now one of the fastest-growing captive lenders, their finance organization was able to boost loan originations, resulting in a 757.05% increase in one year.

All capabilities continue to empower the client to deliver on both short- and long-term business goals.