ESTIMATING AUTO LENDING FRAUD LOSSES
You Can’t Fight Auto Fraud With Credit Risk Tools Estimating Auto Lending Fraud Losses for 2017 Known auto lending fraud can run approximately 0.30% (30 basis points) of origination volume at lenders. Unknown auto lending fraud typically manifest as early default,whichcan run as high as 3% of originations. 40% to 70% of early payment ................
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