Black Book has released a new web interface for its real-time collateral valuation tool, ValuEngine, according to a company announcement.
The tool, the company stated, allows automotive industry professionals, lenders, OEMs, and dealers to value their entire portfolio through a secure, on-demand, self-service platform.
“In today’s highly competitive automotive market, having an accurate view of your portfolio is essential. By utilizing ValuEngine’s batch processing, users can run millions of VINs in a single job,” said Jared Kalfus, SVP of sales at Black Book. “Industry professionals want to know how all VIN specific data points and valuations impact their portfolio profit potential and risk levels.”
ValuEngine also helps improve loss forecasting while at the same time identifying delinquencies. This, the company added, is critical in today’s market where margins are razor-thin.