Lenders Option Corporation LOC

Lenders Option Corporation LOC is a small company based in Shreveport, Louisiana, with three employees. Founded in 1991, LOC focuses on providing innovative automobile loan programs to financial institutions. LOC offers two primary services: LOC Protection and Super Non-Lease. LOC Protection is a risk management program designed for C and D tier loans, mitigating deficiency balances resulting from repossessions by purchasing repossessed vehicles at higher values than traditional auction methods. To further assist lenders, LOC provides a principal reduction payment. Super Non-Lease, on the other hand, is a balloon loan program that enables lenders to compete with dealer financing leases. This program offers borrowers low monthly payments based on LOC's proprietary residual values for vehicles. At the end of the loan term, borrowers have the flexibility to pay off the loan, refinance it, or return the vehicle to LOC for purchase. LOC's unique approach to automobile financing aims to increase loan volume and improve the profitability of loan portfolios for its clients. By leveraging their expertise in residual values and risk management, they provide lenders with competitive products and tools. For more information about Lenders Option Corporation LOC and their services, please visit their website at loc.net.