AUTO LENDING PLATFORM
Velo runs the full life of an auto loan: application, decisioning, e‑signature, funding, and the handoff to servicing. Credit union partners fund and hold the loans, and Velo operates everything in between.
DEAL VX-2026-00214
APPROVED2023 Toyota Highlander
0.8s to decision
Amount
$35,190
Rate
6.90%
Term
60 mo
Seconds
from application to decision
100% digital
apply to signed contract, no paper
One platform
origination through servicing handoff
THE PLATFORM
Credit policy is written in sentences, not spreadsheets. The rules engine evaluates every application instantly, keeps a versioned history of every rule, and explains every outcome, so a decline always carries its reasons.
The retail installment contract is produced from the deal data itself, with complete federal Truth in Lending disclosures and every fee itemized, then sent for e‑signature automatically. Nothing is rekeyed and nothing is left blank.
Adverse action notices generate and deliver themselves on every decline, with reasons, score disclosure, and bureau contacts. Sensitive data is encrypted at rest. Every decision leaves an audit trail.
THE LIFECYCLE
Payments and servicing are wired into the systems lenders already run, so nothing falls between platforms.
01
Online or at the dealership, in minutes.
02
Instant, explainable, re-decisioned live as terms change.
03
TILA-complete contract, e-signed from any device.
04
Partner capital moves; the schedule generates itself.
05
Accounts, payments, and collections in the servicing system of record.
FOR CREDIT UNIONS
Velo launches beside credit union partners: the platform originates, documents, and hands off to servicing, while the credit union funds and holds the loans. Members get a same-day answer. The lending team gets a pipeline it can see, price, and re-decision without touching a spreadsheet.
Approve when credit score is 680 or above and payment-to-income is under 12%.
Counter-offer a longer term when the payment is the only reason to decline.
Decline over 130% loan-to-value, and say why.
A twenty-minute walkthrough covers application to signed contract, start to finish.