Nationwide Lending Organization Saves Millions Per Month
A nationwide lending organization (and decade-long ARGO customer) knew it was time to revisit their existing scorecard. Due to the high loan origination volume of this lender (188,000 loan applications per month), the new scorecard attributes were important and could add millions per month to the bottom line.
The organization turned to ARGO with the following objectives…
- Implement a new scorecard with additional credit attributes for expanded risk-based pricing and lower loss rates,
- Support online and in-store shoppers by determining payments and products they can afford, and
- Expand and improve technology for an ever-expanding business footprint.
Download our Retail Lending Business Case to learn how ARGO supported these initiatives, resulting in millions of dollars in savings each month.