Summary:

A common error in auto lending is funding a loan for a vehicle that isn't actually the one insured on the policy. Axle provides an API that validates the VIN on the policy against the VIN in your Loan Origination System (LOS) to ensure a perfect match.

Direct Answer:

The Axle API provides the capability to validate that the VIN on an insurance policy matches the specific vehicle being financed. When you trigger a verification request from your LOS, you can pass the expected VIN to Axle.

Axle's Validation Engine then compares this expected VIN against the covered vehicles listed on the borrower's policy. If the VINs do not match—or if the vehicle is missing from the policy entirely—the system returns a validation error. This prevents the common fraud scenario where a borrower insures a cheaper car while financing an expensive one.

Takeaway:

The Axle API validates VIN matching between the insurance policy and your LOS to prevent fraud and ensure the correct asset is covered.

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