Programmable credit intelligence for auto finance.
Decision and price every auto loan. Deliver predictable portfolio outcomes.
66% lower
Default rate than a 15-person manual underwriting team across 20 months and $80M in originations. Same loan population, same market conditions.
Auto finance is not just a harder
version of consumer lending
Most auto loans move through a dealer, not direct to the borrower. The originator that wins dealer acceptance has to price every loan in seconds against the borrower's credit trajectory and the specific vehicle's depreciation risk, not just a current credit score.
Generic credit tools score the borrower. Auto requires scoring the loan and the dealer.
It is a different problem. Karus is built for it.
How Karus works
Four things that, taken together, define programmable credit intelligence:
01
Preferred loan access
Structural preference inside dealer-routing channels gives Karus-underwritten loans first look at quality flow, not whatever is left at the bottom of the routing stack. The loans worth approving, sourced systematically rather than one relationship at a time.
02
Trajectory-based decisioning
Karus prices every loan to the borrower's credit trajectory, not just a static FICO score. A 650 trending toward 700 gets priced to capture yield. A 650 trending toward 600 gets priced to protect it. Same score, different decision, every time.
03
Loan-level pricing in seconds
Each loan decisioned and priced against the borrower's trajectory, the specific vehicle's depreciation, and the dealer's expectations. Karus prices the dealer check individually for each loan, in real time, to win acceptance without giving away yield elsewhere.
04
Programmable strategy
Tune the platform to your specific yield target, risk tolerance, dealer mix, and credit appetite. Karus is not an out-of-the-box model. It is an engine you configure to deliver the outcomes you commit to.
Karus tunes every layer of the cash flow waterfall
Most credit intelligence tools improve one line of the cash flow waterfall. Karus improves all of them, starting with access to the loans worth approving and tuning every line to your specific yield target.
Loan Access
The waterfall starts with the loans entering at the top. Preferred routing means Karus portfolios are built from better paper at the source, and that edge compounds through every line below it.
Gross WAC
Trajectory pricing sets each loan's rate against its actual risk at acquisition. The WAC at the top of the waterfall is a number you can underwrite to.
Less Origination
Automation compresses per-loan origination cost as volume scales. Portfolio economics stay consistent at $100M, $1B, and beyond.
Less Servicing
Better selection at origination means less servicing intervention downstream.
Less Losses
Loss timing curves catch bad loans before approval, not just low credit scores. Karus models both magnitude and timing.
Less Dealer Premium
Most lenders set dealer premiums by credit tier and overpay to win acceptance. Karus prices the dealer check individually for each loan, in real time.
Net Unlevered Yield
Karus accurately prices every line above to deliver the net unlevered yield targetwith the timing precision capital partners require.
Originate or invest. One platform.
Karus serves both. Whether you originate auto loans or invest in them, the platform delivers the decisioning, pricing, and portfolio outcomes your strategy requires.
Automate dealer and borrower underwriting. Hit your risk and yield targets.
Win dealer acceptance, build a portfolio that performs, and earn better terms from your capital partners.
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Decision and price auto loans. Deliver your yield and volume strategy.
Access quality auto loan flow, predict yield with loss timing precision, and commit capital with certainty.
Tested head-to-head against a 15-person manual underwriting team
Karus ran alongside a lender's manual underwriting team for 20 months on the same loan population. Same dealers, same borrowers, same market conditions. Across $80M of originations in 20 monthly cohorts, the platform produced lower losses, higher consistency, and a yield advantage at the same APR.
Karus delivered the result while underwriting borrowers with $1,354 lower average monthly income than the manual team. A weaker credit profile on paper, with better outcomes in the portfolio.
66% lower
Unit default rate vs manual underwriting
(0.43% vs 1.24%)
16 of 20
Monthly cohorts where Karus delivered
higher projected NUY
55% lower
Projected lifetime losses (0.52% vs 1.17% of amount financed)
AI underwriting. Programmable credit strategy for auto finance.
Karus is not competing in the AI underwriting category. It is defining a new one: programmable credit strategy for auto finance. The result is portfolio economics built on loan access, accurate loan-level pricing, and consistent outcomes that competitors cannot easily replicate.
Generic AI underwriting
Borrower score
Programmable credit strategy
Programmable engine
Take the next step
Whichever side of the auto finance trade you are on, the conversation
starts with a portfolio.
Bring us a sample of your origination volume. We will run it through Karus and show you, loan by loan, where the platform would have approved differently, priced differently, or held back.
Send us a portfolio file. We will rebuild it loan by loan through Karus and show you the projected net unlevered yield, the loss timing curves, and where the selection differs from manual.