ARLINGTON, Texas | March 21, 2022 09:03 AM Eastern Daylight Time
Agora Data, inventor of many subprime auto industry firsts, has filed a U.S. patent application with the United States Patent and Trademark Office (USPTO) for a proprietary data-driven business model that may be leveraged to predict the future performance of subprime consumer loans. Applying certainty to loan payment outcomes of a previously unreliable market segment helps to reassure capital markets of results, empowers auto dealers and finance companies with access to new funding channels, and promotes fair lending practices. Agora Data’s innovation is unique for the auto industry, resulting in a win-win-win solution for financial institutions, loan originators, and consumers.
Daniel Burke, Chief Information and Strategy Officer, and Chad Stilwell, Chief Technology Officer at Agora Data, are the architects of this first-ever business modeling for the subprime market segment. Their new-to-the-aut…