BLACK BOOK ANNOUNCES ITS NEWEST PRODUCT - COLLATERAL INSIGHT ENGINE

Lawrenceville, GA (November 13, 2013) – Black Book announces its newest product, Collateral Insight Engine™, the industry’s most advanced resource for automotive lenders. The product compiles historical, current and projected vehicle values in an easy-to-use interface. Users can also analyze collateral performance and create custom views that meet their specific portfolio needs. Available through the Black Book Lender Solutions division, the new product provides fast, easy and accurate insight so lenders can identify opportunities, fine tune loss forecasting and balance portfolios.

Collateral data is extremely important to lenders as they look to further expand their portfolios in an automotive industry that continues to grow. With an estimated 2013 SAAR of 15.5 million new light vehicles according to Black Book, it is important for lenders to build their portfolios around the right vehicles. The ability to analyze historical, current and projected vehicle values in real time allows lenders to make quick and accurate decisions that can impact the profitability of a portfolio.

“Auto lenders need to make decisions in a more efficient manner for their portfolio, and Collateral Insight Engine is the most innovative service to bring this level of insight at the click of a button,” said Jeff Bunch, Vice President of Black Book Lender Solutions. “With this product, lenders can see how adding or reducing a certain vehicle or segment will impact their portfolio in real time, expediting the decision-making process.”

Leveraging Black Book’s accurate vehicle values, Collateral Insight Engine helps lenders with critical functions:

Identify Opportunities – Find the right vehicles that can deliver higher profitability.
Fine-Tune Loss Forecasting – Have better insight into determining loss rates and loss severity.
Portfolio Balancing – Determine where a portfolio needs to modify or reduce certain mix of vehicles.
Any media interested in scheduling a live demo of Collateral Insight Engine, call Black Book Lender Solutions PR at 954-592-1201. To better understand how lenders can manage a more profitable portfolio, click here to read the latest white paper from Black Book Lender Solutions.

About Black Book

Best known in the Automotive Industry for providing timely, independent, and accurate vehicle pricing information, Black Book data is published daily by National Auto Research, a division of Hearst Business Media, and is available to industry qualified users through subscriptions to our website (www.BlackBookAuto.com) and through applications for iPhone, iPad, Android, Windows 7, BlackBerry, Palm and virtually any other Smart Phone sold in the U.S.  Black Book data is also available to industry-qualified companies for license and sublicense through proprietary web services, APIs, and data feeds.  Whether you’re buying, selling, or lending, Black Book’s mission is to provide the Automotive Industry with timely, independent, and accurate information to help make the right decisions.