Book a live demo and learn how to save your Credit Union members 15%+ on their loan through AI
Look Under the Hood – See Auto Refi in Action
Unlock the value of refinancing through Upstart
100%
instant-decisioned auto loans1
15%+
avg borrower savings per month2
100%
managed lien perfection
Upstart powered lenders
Upstart’s model was able to deliver better returns, lower default rates, and reduced risk of fraud. We’ve grown the program from a small pilot to a full-scale lending program that’s continued to meet and exceed our expectations.
Sam Sidhu
Vice Chairman and Chief Operating Officer, Customers Bank.
The best part of working with Upstart has been the ability to put the consumer on a better financial path to meet their goals, extinguish debt, and save for a home.
J.R. Buckner
CEO, First Federal Bank of Kansas City
We chose to partner with Upstart because their approach to modernizing lending is well aligned with FNBO’s focus on a customer-centric experience. Upstart’s AI/ML-based pricing engine and automation will allow us to profitably serve a broader set of customers, within a great digital onboarding experience, than we could before.
Marc Butterfield
SVP of Enterprise Digital Solutions and Emerging Business, First National Bank of Omaha
Tap into the growing auto refinance opportunity
Auto refinance represents a small share of the $1.37 trillion3 in outstanding auto loans. As consumers look to save money, banks have a significant opportunity to expand their auto loan portfolio and deepen their customer relationships by partnering with Upstart.
Upstart for auto refinancing is powered by our AI lending platform which enables fast, all-digital originations with accurate risk-based pricing.
How you benefit
Grow your auto loan portfolio through refinancing
Originate more auto refinance loans profitably
Refinance loans with compelling offers
Acquire new customers
Deliver a modern digital refinance experience
Provide a fast and seamless application process for consumers
Automate approvals with minimal fraud rates
Trust Upstart to manage the entire process including stips and lien perfection
Lend to more creditworthy borrowers safely
Price and predict risk with accuracy
Increase approvals within your risk tolerance
Maintain full control of your credit policy
How it works
Application
Bank-branded, mobile-friendly application is pre-filled with existing customer information, making the process quick and easy.
Vehicle and loan details such as VIN or license plate are automatically pulled.
Credit Decisioning
Our risk-based AI model prices customers within your credit parameters resulting in higher approvals and lower losses.
Asset valuation is pulled from third party services and then leveraged in loan pricing.
Fraud & Verification
Customer information is verified with many applicants approved automatically.
Our expert staff manages all stips requested for higher-risk applications.
Loan Closing
We provide an e-signature process with our refinance verification.4
Funds are sent directly to the previous lender – and payoff is verified.
Lien Perfection
Upstart handles title management for both electronic and paper titles creating a seamless experience for your bank and consumers.
You're in control
Configure your credit policy
Apply a wide array of qualifying criteria such as minimum credit score, maximum debt-to-income ratio, loan sizes, loan-to-value ratios, and more.
Set your pricing strategy
Configure rates to meet your desired return on assets tailored to your risk appetite.
Leverage AI to predict default
Approve borrowers that meet your risk profile – our model predicts the probability and timing of default.
