The Scienaptic & MagiLoop Partnership is Making Car Ownership Accessible for All
Scienaptic AI, the world’s leading AI-powered credit underwriting platform provider, announced that six Multi-Rooftop Dealers on the Magiloop ecosystem are now live with its AI technology. This collaboration empowers these Buy Here Pay Here (BHPH) dealerships to expand their lending portfolios and offer better, faster car financing options to their customers.
Among the AI adopters on the Magiloop ecosystem are Fiesta Motors (Lubbock, TX), Sports & Imports (Buford, GA), Rainey Used Cars (Albany, GA), Drive Fast USA (Lees Summit, MO), Brenner Car Credit (Mifflintown, PA), and Auto Liquidators (Dallas, TX). More Multi-Rooftop Dealers on the Magiloop ecosystem are set to join in the coming weeks.
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MagiLoop is an innovative digital and paperless ecosystem designed by BHPH dealers for BHPH dealers. It streamlines the entire car buying experience, from lead generation and application processing to underwriting, approval, reviews, marketing analysis, and customer account management. Scienaptic’s AI seamlessly integrates with the Magiloop ecosystem, providing dealers with enhanced credit risk insights for every loan application. These insights empower faster, more data-driven decisions, enabling dealers to approve more l**** while managing risk effectively.
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“At Rainey Used Cars, we’re dedicated to making car ownership accessible,” said Christy Kleckley, General Sales Manager at Rainey Used Cars. “Scienaptic’s AI platform and integration with the MagiLoop ecosystem enables us to approve more l****, create more customer opportunities, and achieve responsible, personalized financing that aligns with our values.”
Brian Carduff at MagiLoop echoes the sentiment, “Speed and efficiency are paramount for us, and Scienaptic’s AI platform perfectly addresses our needs. By empowering MagiLoop’s dealers with AI-powered credit decisioning, we’re confident in building a stronger business and empowering our customers through responsible vehicle financing.”
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Pankaj Jain, President of Scienaptic AI added, “This partnership is about opening doors – giving individuals a chance to drive home their dreams, even if they’ve faced roadblocks in the past. With Magiloop and Scienaptic working together, responsible ownership isn’t a privilege, it’s a possibility. That’s what truly excites me.”
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