The integration allows lenders to automate income verification at the point of sale, eliminating the need for underwriters to manually calculate net-to-gross income from uploaded documents. By shifting to automated cash flow intelligence, Cox Automotive seeks to reduce the operational friction that often stalls loan approvals. Andy Mayers, a lender solutions strategist at the company, noted that the partnership is a critical step toward achieving a fully automated origination process.

Westlake Financial is among the first to adopt the technology, aiming to refine its risk assessment for near-prime and thin-file borrowers. Beyond immediate income verification, the companies are exploring future integrations with Nova Credit’s Cash Atlas, a tool designed to analyze bank transaction data for residual income and cash volatility. This expansion would allow lenders to price loans based on a consumer’s actual ability to pay rather than traditional credit bands, potentially broadening the base of approved applicants without increasing risk exposure.