With elite insurance and modern technology, Covlen enables lenders to finance the next generation of car buyers.
Expand Access to Auto Loans
Before Covlen, auto lenders faced the risk of approving bad borrowers and denying great borrowers, risking more capital per loan due to rising car prices, and the risk of unforeseen borrower financial challenges not captured by credit score, leading to tightening of lending standards and lending less.
Covlen protects lenders against the many risks they face in the auto lending market, so they can confidently lend to a broader range of credit-worthy borrowers.
Products
Provides 6 monhts of borrower car payments due to job loss or disability.
Insures collateral or loan balance against losses due to a default.
First-Time & Non-Prime Programs
Driving Auto Lending Forward
Customer Loyalty
Say "yes" when other lenders say "no" and build relationships with credit-worthy first-time car buyers.
Stand out from other lenders by providing more than just better rates, but better protection with our integrated payment insurance.
More Revenue
Recognize more interest revenue by increasing approvals and reducing defaults, making loans more attractive to Auto ABS investors.
