Digital. Dynamic. Dependable.
Seamless Automobile Loan Origination
Implement automated eligibility checks, integrated vehicle data verification, and digital contract generation for faster loan processing.
“Newgen has truly transformed our automobile lending process, reducing approval times by almost half. The automated workflows and real-time insights have made us more efficient while ensuring we remain fully compliant.”
– VP of Consumer Lending, Leading U.S. Bank
Looking to Automate a Specific Consumer Lending Journey?
Unique Features of Newgen’s Automobile Loan Origination Solution
Omnichannel Origination
Supports in-branch, online, mobile, and call center channels, and enables direct and indirect auto lending.
AI-driven Credit Decisioning
Use of artificial intelligence with model battery and rule battery to assess credit risk and make faster, more accurate lending decisions.
End-to-end Digital Workflow
Supports the entire loan process from application to approval and disbursement, ensuring a seamless and fully automated experience.
Integrated Document Verification
Automates the verification of critical documents like income proofs, identity, and vehicle details, reducing manual work and errors.
Real-time Eligibility Calculation
Instantly evaluates loan eligibility and generates in-principle offers, providing customers with quick feedback.
Low-code Platform
Allows easy customization and flexibility to meet changing business requirements and regulatory demands without heavy coding.
Third-party Integrations
Seamlessly integrates with external databases, including vehicle registries and insurance providers, to ensure accurate information and smooth processing.
Regulatory Compliance
Ensures that all loan origination processes comply with local regulations, minimizing risk and maintaining legal integrity.
Find Your Winning Strategy with Newgen
See Newgen’s low-code digital transformation platform in action. Request a demo of Newgen’s platform and industry-specific applications.
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Frequently Asked Questions
By automating the entire loan lifecycle and enabling real-time approvals, lenders can handle high volumes without compromising accuracy or compliance.
Yes. It’s designed for omnichannel journeys, supporting branch, online, and dealership-based lending, ensuring a consistent experience across all touchpoints.
Dealers benefit from instant credit decisions, digital documentation, and electronic funding vouchers, reducing delays and improving customer satisfaction at the point of sale.
It integrates with vehicle valuation services like Carfax, J.D. Power, and Vintek for real-time pricing and lien checks, ensuring accurate risk assessment for pre-owned vehicles.
Using AI-driven analytics, it generates pre-approved and cross-sell offers, tailoring loan terms based on customer profiles and behavior.
It automates KYC, AML checks, credit bureau integrations, and maintains audit trails, ensuring lenders stay compliant without slowing down approvals.
Low-code enables rapid customization, allowing banks to quickly adapt workflows, risk rules, and product configurations without heavy IT dependency.
By eliminating manual processes, enabling straight-through processing (STP), and reducing paperwork, it significantly lowers origination costs and improves efficiency.
Yes. It offers seamless integration with core banking, CRM, credit bureaus, and dealer platforms like Dealertrack and RouteOne for a unified ecosystem.
With AI-first architecture, predictive analytics, and scalable low-code design, it ensures lenders can quickly adapt to market changes and evolving customer expectations.
