We are not in the habit of tooting our own horn, but we’d like to share some exciting news with our growing lender community and the entire defi family!
According to the 2016 Non-Prime Automotive Financing Survey, among member lenders who were surveyed, defi SOLUTIONS is the clear loan origination system (LOS) of choice.
This year's survey is a joint effort of the National Automotive Finance (NAF) Association and American Financial Services Association (AFSA). According to NAF Association Executive Director Jack Tracey and AFSA President & CEO Chris Stinebert, the finance sources represented 2.1 million active accounts with an outstanding principal that exceeded $21 billion as of year end 2015.
Results show that 82% of lenders surveyed use a vendor supplied LOS and the majority use defi!
Thanks go out to all defi lenders and partners for their contribution to the industry we serve, and for making the defi LOS what it is today. We couldn’t do it without you, and we promise to keep earning your trust for years to come.
Click here to order your copy of the 2016 Non-Prime Automotive Financing Survey. (See page 37, section 10.3 for the section on loan origination systems and defi.)
Go defi! Go NAF Association! Go defi lenders!