Auto Lending
Shorten income and asset verification to minutes
Income verification delays cause dealers and lenders to lose sales. Traditional methods take days and leave gaps for fraud. Nova Credit closes deals faster by automating the income stipulation process. We combine bank data, payroll connections, and document OCR with fraud signals to verify faster and catch what traditional methods miss.
Why Nova Credit for Auto Lending
Turn Cars Faster
Screen applicants with more certainty with customized workflows that take minutes, rather than hours or days.
Simplify the Applicant Experience
Improve applicant satisfaction with a guided, mobile-first experience.
Reduce Staff Burden
Reclaim staff time from chasing income documents and following up with applicants.
What sets Nova apart
Multiple Ways to Collect Income Data
All-in-one solution to collect payroll, and pay stub data through direct account connection or document upload.
Income Model
Get a true picture of income with handling of multiple income types, including traditional, gig economy, and alternative income.
Customized Workflows
Customized consumer experiences using multiple applicant delivery options and retrieve processed data through an API integration.
Fraud-resistant Data
Use seasoned data collected directly from banking institutions (or payroll for income) to reduce risk of fraud.
Customer Operations and Dispute Management
Leverage full-service customer management for data related disputes, currently executed for global banks.
Consumer Reporting Agency (CRA) Compliance
Nova Credit operates as a consumer reporting agency, built with multi-national regulatory frameworks in mind to support large enterprise needs.
By The Numbers
98%
Coverage of the U.S. workforce, leveraging bank data, payroll systems, and pay stub data
9
Years as a CRA
50%+
Average time savings for income verification
Connect with the Nova Credit Enterprise Team
Submit your information and a member of our team will be in touch about how we can grow your business together.