ATLANTA, GA – November 19, 2008 – MagnumTM, a leader in credit data access, analysis and decision applications, announced that Santander Consumer USA Inc. (SC) has selected Magnum’s Service Bureau for its loan scoring and decision management platform.
Santander Consumer USA, a leader in automotive finance, was looking for ways to improve its scoring, decision and analytic processes. As a lender in the non-prime automotive sector, SC consistently attempts to find the balance between the prudent practices of lending, the management of accounts across the risk spectrum and an ever-changing economic environment. The new partnership with Magnum is a strategic move made by SC to help manage those risks in lending, prepare them for changes in the market and equip them with the tools to react quickly.