Deal adds VIN, registration and PPSR checks to brokers’ asset finance workflow
LMG has appointed AutoGrab as its exclusive supplier of automotive data and valuations across the group.
The arrangement gives LMG’s broker network of more than 6,000 brokers access to AutoGrab’s vehicle intelligence and analytics, aimed at supporting asset finance submissions.
AutoGrab will provide an asset catalogue, valuation services, VIN and registration searches, and Personal Property Securities Register (PPSR) checks for LMG. The platform uses machine learning to estimate present and future vehicle values, modelling non-linear depreciation and applying confidence scores to each valuation to support straight-through processing.
“Accurate vehicle data is critical to helping brokers write asset finance business,” said Tim Wells (pictured top left), head of operations – asset at LMG. “AutoGrab’s combination of on-demand valuations, automotive AI, and integrated PPSR capability enables faster decisions and stronger loan structures for our brokers and their customers.”
According to AutoGrab chief revenue officer Ross Perry (pictured top right), the integration would bring valuation and compliance steps into one process. “This partnership ensures LMG brokers have access to accurate, on-demand vehicle valuations based on automotive-specific data,” he said.
“By combining market intelligence, VIN-level identification and PPSR checks through a single platform, we are making asset finance processes simpler and more scalable for brokers and lenders.”
AutoGrab said its models review roughly 700,000 vehicles listed for sale at a given time, drawing information from major marketplaces. It also relies on a partnership with JATO to supply badge- and variant-level specifications, with the aim of reducing systematic valuation errors.
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