|By Marketwired .||
|May 21, 2014 06:00 AM EDT||
CHICAGO, IL -- (Marketwired) -- 05/21/14 -- As a value add to its auto loan-related statistical analyses, TransUnion will begin offering Black Book® vehicle values and loan-to-value (LTV) models to the auto industry. Combining Black Book's vehicle values with TransUnion's loan balance data to generate the (LTV) models, this retrospective analysis will allow auto lenders to better formulate decision-making criteria and competitive strategies.
"Finding hidden opportunities for growth or better understanding layered risk has always been important for the automotive lenders we serve," said Jason Laky, vice president of product strategy at TransUnion. "Collateral data has become a critical piece of that puzzle. Adding Black Book values to our analysis and LTV models only strengthen what we can offer to our lenders."
Black Book's current and historical vehicle values allow collateral values to be evaluated at the time of a loan's application or at later points in the life cycle. This analysis provides an in-depth look at how LTV ratios move over the life of a loan, helping lenders monitor equity levels and credit quality. Having a better understanding of these variables can help the industry better predict frequency and severity of losses as well as create opportunities for growth.
About Black Book
Black Book® is best known in the automotive industry for providing timely, independent and accurate vehicle pricing information, and is available to industry-qualified users through online subscription products, mobile applications and licensing agreements. A leading provider since 1955, Black Book has continuously evolved to ensure that it achieves its goal of delivering mission-critical information to its customers, along with the insight necessary to successfully buy, sell, and lend. Black Book data is published daily by National Auto Research, a division of Hearst Business media, and the company maintains offices in Georgia, Florida, and Maryland. For more information, please visit BlackBookAuto.com or call 800.554.1026.
As a global leader in credit and information management, TransUnion creates advantages for millions of people around the world by gathering, analyzing and delivering information. For businesses, TransUnion helps improve efficiency, manage risk, reduce costs and increase revenue by delivering comprehensive data and advanced analytics and decisioning. For consumers, TransUnion provides the tools, resources and education to help them manage their credit health and achieve their financial goals. Through these and other efforts, TransUnion is working to build stronger economies worldwide. Founded in 1968 and headquartered in Chicago, TransUnion reaches businesses and consumers in 33 countries around the world on five continents. www.transunion.com/business
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