Lenders Option Corporation (LOC) has been driving auto loan growth and high-performance lending for lenders since 1991, offering unique loan programs that increase lending and revenue while improving yield and profitability.
With their risk management program, LOC Protection, they protect 100,000 loans and finance $1,450,000,000, significantly reducing charge offs on defaulted loans by purchasing repossessed vehicles at higher values than auctions and providing principal balance reduction payments. Additionally, their Super Non-Lease program allows lenders to compete with dealers' leases, offering borrowers low monthly payments based on LOC's residual values for vehicles, with options to pay off the loan, refinance, or turn-in the vehicle for purchase by LOC at the end of the loan term.
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