Company Overview
- Leading US-based auto loan refinance provider
- $1B annual revenue
- 2M+ applications monthly
Tech Overview
- 1M+ Customers
- 500+ Lender network
- 1k+ Operations team
Business & Technical Challenges
- Current web experience built by cobbling features together from 3 brand acquisitions
- Customer journey was disjointed, with multiple steps requiring manual intervention
- Cross selling products like auto insurance was too cumbersome to support
- Disconnected multiple enterprise systems
- 1TB DB, growing fast, managed manually using legacy tech
- No data warehouse and manual reporting
- Partnered with marketing / product to understand customer needs
- Designed and developed unified web and native mobile applications to provide seamless customer experience
- Built Machine Learning models to estimate the car prices in real time
- Integrated with multiple vendor APIs to minimize customer data entry (e.g., Plaid for job history, Transunion for financial history, etc.)
- Enabled image scanning to automate uploading driver’s license, retail installment sales contract, etc.
- Enhanced logging, monitoring, dashboards and alerting to reduce and address the problems effectively.
- Automated most previously manual tasks to speed turnaround time
- Consistent customer engagement and experience
- Significant reduction of loan processing time resulting in customer satisfaction
- Collaborated with customers on car-buying, boosting refinancing applications
- $100M incremental revenue with refinance applications
- 18% reduction in operating costs by automating previously manual tasks
- $50M revenue potential through cross selling of products
- Improved automated business process
- Automated notifications, reporting, alerts, monitoring
- Improved integration with lender network