Black Book HAV Data Now Integrated Into defi SOLUTIONS’ LOS Platform
September 17, 2018
LAWRENCEVILLE, Ga. — Black Book (div. of Hearst) today announced that its History Adjusted Valuations (HAV) data and resources will be integrated into an interface with software provider defi SOLUTIONS.
History Adjusted Valuations are a VIN-specific, analytics-driven resource that delivers Black Book’s most precise vehicle valuations. defi SOLUTIONS becomes the first loan origination platform to include Black Book’s HAV data feed. Users benefit by identifying undesirable deals prior to the origination process. They can also improve advance amounts to minimize future loss severity, prevent dealer fraud, pinpoint active loans in collections/servicing, and use HAV to set floors more accurately when remarketing.
“defi SOLUTIONS has always strived to be a pioneer and innovator in loan origination solutions,” said defi SOLUTIONS CEO Stephanie Alsbrooks. “In continuing this trend, we’re proud to offer Black Book’s unique History-Adjusted Valuations, a first-of-its-kind resource to help automotive professionals further pinpoint the most accurate value of a vehicle.”
Even with the use of vehicle history reports, automotive professionals are still reliant on making an unscientific, educated guess as to the impact a vehicle’s history has on its value, which often leads to mistakes in the valuation process. HAV helps automotive professionals remove the guesswork involved by providing access to a more precise value on each individual vehicle.
“Having the most precise, accurate value possible is extremely critical during the loan origination process,” said Jared Kalfus, executive vice president of revenue at Black Book. “The ability to establish the right value at the time of origination has several spillover effects, such as loss reduction and healthy long-term portfolio expansion potential for each lender.”