Launcher, a technology provider specializing in originations, recently enhanced its integrated access to CARFAX Vehicle History Reports inside its core product — appTRAKER Loan Origination System — so finance companies have “additional ammo in their artillery.”

According to a news release, finance companies now have access to a robust suite of CARFAX data products for vehicles before executing a contract, protecting both the credit provider and consumer.

Launcher’s appTRAKER LOS now provides instant access for finance companies to a robust suite of CARFAX products including:

—Vehicle title report: Used to identify the last known titling state and possible lienholders on the title. VTR includes valuable information such as title records, registration records, liens recorded on the title, liens identified by the lienholders, and odometer readings and an estimate of current mileage.

—Demographic information: Contains basic information about the vehicle tied to the VIN, including the year/make/model, information on most recent titling and ownership location plus the estimated current odometer reading. This is all used to confirm that the correct vehicle has been identified.

—Potential problem indicator file: Delivers insight into specific vehicle history events that can impact a vehicle’s value or operational integrity. Eliminates manual processes like VIN submission and report retrieval. The file also delivers critical information including salvage, flood, and lemon title brands, odometer rollbacks, last reported odometer reading, and accident information.

—History-based value: Provides insight into history events affecting vehicle’s value such as service history, personal vehicle, damage brand, and actual mileage. History-based value also includes comprehensive installed features such as airbags, electronic braking systems, rearview camera and more. Finance companies can use history-based value to protect borrowers from overpaying, improve financing with better loan-to-value ratios, prioritize collections based on resale value and prevent powerbooking.

Launcher acknowledged the concept of finance companies reviewing vehicle data prior to funding a contract is not a new one, but many finance companies still leave out this important part when underwriting a deal.

The integration partnership between Launcher and CARFAX can give finance companies “additional ammo in their artillery” by allowing them to analyze every aspect of a deal to make the best holistic decision on every contract originated.

“An important piece of the origination process is the ability to accurately assess a vehicle’s value as collateral,” Launcher president Nikh Nath said. “Our new enhanced integration with CARFAX provides full access to any data point our Lending customers may require.”