Transforming Specialty Auto Lending with Automated Machine Learning

Specialty auto lenders are unheralded champions of the economy -- they make auto loans available to people with below average credit who would otherwise be unable to buy a car. These cars help people get to work, travel and elevate themselves in life, driving short-term and long-term economic benefits. Specialty auto lenders face heavy regulatory scrutiny, significant capital requirements, high business cyclicality and difficult relationships with the media, which is often quick to label these businesses as predatory. The industry's challenges have been frequently highlighted in news coverage, including articles from Bloomberg, Business Insider and the Wall Street Journal. Despite the challenges, specialty auto lenders have an imperative to approve as many creditworthy applicants as possible.