What’s Inside?

In Q4 2022, credit unions took over as the industry leader in originating auto loans at 27%, overtaking banks (26%) and captive lenders (24.4%). 2022 was also a transformational year for fraud and default risk in the credit union industry. 

Point Predictive has unique insight into the risks of fraud and misrepresentation in the credit union industry through the analysis of loan application data.

The Auto Lending Fraud Trends Report is a culmination of hundreds of hours of analysis and review by data scientists and fraud analysts at Point Predictive and provides insight into how auto lending fraud has been trending over the last year.

Point Predictive’s proprietary data repository has grown to over 23 billion risk attributes spanning over $2.6 trillion in scored applications and has become a rich resource for understanding the dynamics of all fraud and risk within consumer lending.

Key report highlights:

• The transformations observed in fraud and default risk patterns in the auto lending industry
• The levels of fraud activity observed
• The key risk areas with marked increases, highlighted by Point Predictive's Identity Risk Index
• Insights on affordability and Early Pay Default rates

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