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The requirements to qualify loans for ALS are different than
your institution’s standard lending policies.
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The maximum loan-to-value that can be covered is 115% of
Dealer’s Invoice for new cars and 125% of NADA/Kelley
wholesale trade-in value for used cars.
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The maximum loan term is 72 months.
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Coverage is available for current model year less 5 years.
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Minimum loan amount $5,000 and maximum loan amount $35,000.
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Real-time online ASP (Application Service Provider),
accessible 24/7/365.
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Secure Socket Layer (SSL) encryption protects
confidentiality.
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Credit decisioning engine online.
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Scalablility, no restraints on users or on accounts.
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Interface mapping available for high-volume lenders.
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System is supported by Experian companies.
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Direct link to bureaus, NADA, Chrome & Kelly.
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Developed by Experian and CLS.
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Empirically derived and statistically sound.
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Large development data base.
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Card incorporates 450 credit attributes.
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Statistically separates "good" from "bad" as measured by
Kolmogorov-Smirnov (KS-test).
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Model periodically revalidated by use of appropriate
statistical principles.
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