Metro 2 Credit Reporting for Auto Lenders & Dealerships
Streamline credit reporting for your auto financing portfolio. Report loans accurately, stay compliant, and help your customers build credit.
Challenges for Auto Lenders
Manual Reporting Takes Hours
Creating Metro 2 files by hand for hundreds or thousands of auto loans is time-consuming and error-prone.
Complex Delinquency Tracking
Auto loans have unique challenges like repossessions, voluntary surrenders, and deficiency balances that need precise status codes.
Integration with DMS Systems
Your dealer management system has the data, but getting it into Metro 2 format requires custom development.
Buy Here Pay Here Challenges
BHPH dealers face unique reporting requirements and often lack the technical resources to report properly.
How Metro2 Helps
Automated DMS Integration
Connect to popular dealer management systems and auto-generate Metro 2 files from your existing loan data.
Repossession Handling
Properly report repossessions, voluntary surrenders, and deficiency balances with the correct status codes and dates.
Portfolio-Wide Updates
Update payment status, delinquency codes, and balances across your entire portfolio in minutes.
Customer Credit Building
Help your customers build credit history with accurate, timely reporting that reflects their payment behavior.
Features for Auto Lenders
1Installment Loan Templates
Pre-configured for auto installment loans with correct portfolio type, terms, and payment frequency.
2Repo Status Workflows
Guided workflows for reporting repossessions from first missed payment through final resolution.
3GAP Insurance Tracking
Track and report accounts with GAP insurance claims and balance adjustments.
4Co-Signer Reporting
Full J1/J2 segment support for co-signers and co-buyers common in auto financing.
Who Uses Metro2
Franchise Dealership F&I
Finance managers at franchise dealerships use Metro2 to report retail installment contracts funded in-house.
Buy Here Pay Here Dealers
BHPH operations report their entire portfolio including weekly and bi-weekly payment plans.
Captive Finance Companies
Manufacturer-affiliated lenders automate reporting for thousands of auto loans nationwide.
Subprime Auto Lenders
Special finance lenders track and report high-risk portfolios with proper delinquency escalation.
Compliance & Regulations
FCRA Compliance
All reporting follows Fair Credit Reporting Act requirements for accuracy and dispute handling.
ECOA Requirements
Proper ECOA codes ensure co-buyers and co-signers are reported fairly per Equal Credit Opportunity Act.
State-Specific Rules
Built-in awareness of state-specific auto lending and reporting requirements.
Frequently Asked Questions
How do I report a repossession?
Use status code 96 (Repossession) for involuntary repossession or 95 (Voluntary Surrender) when the customer returns the vehicle. Include the date of first delinquency and update the balance to reflect any deficiency after sale. Once paid, update to status 63 (Paid - Repossession) or 61 (Paid - Voluntary Surrender).
Should I report paid-off loans?
Yes, report the final payment with status code 13 (Paid or Closed Account/Zero Balance) for at least one reporting cycle. This helps your customers' credit scores.
How do I handle co-buyers vs co-signers?
Co-buyers (joint owners) use ECOA code 2 and appear in the J1 segment. The base segment reports the primary buyer. Both parties' credit is affected equally.
What about weekly payment plans?
Convert weekly payments to monthly equivalent for the Scheduled Monthly Payment field. Set Terms Frequency appropriately and track delinquency based on your actual payment schedule.
Related Industries
Start Reporting Your Auto Portfolio
Join hundreds of auto lenders who simplified their Metro 2 reporting.