PHILADELPHIA, PA — Odessa has introduced Odessa Auto, an originations platform that marks the company’s entry into providing comprehensive auto finance solutions. With 26 years of leadership in asset finance technology, Odessa is extending its expertise to the automotive industry, promising a new era of financing options beyond traditional loans and leases.
Odessa Auto is designed to cater specifically to the needs of captives, banks, and financial companies (fincos) within the auto finance industry. It leverages Odessa’s vast experience in equipment leasing to offer a wide array of financial products, including usage-based lending, subscriptions, fleet services, fractional ownership, and more. This multi-asset, multi-product platform is poised to support both traditional auto finance methods and innovative alternative lending structures.
Robert Johnson, Executive Vice President of Auto Finance at Odessa and a veteran in the field, highlighted the platform’s immediate capability to provide cutting-edge auto origination technology. The platform’s configurability allows lenders of varying sizes to adapt to their specific origination needs without the need for customized development, streamlining the process for companies across the board.
Odessa Auto introduces a flexible, componentized experience to the auto finance market, aiming to give its partners a competitive advantage. This advantage is maintained through the ability to quickly respond to market shifts, thanks to the platform’s agile nature.
CEO Eric Bernstein emphasized the platform’s modern infrastructure, which includes an open API framework, process automation, and no-code architecture. These features place control directly in the hands of clients, allowing them to tailor the platform to their precise requirements. Bernstein expressed enthusiasm about offering these advanced capabilities to the auto finance sector, especially at a time when the market is increasingly demanding such sophisticated data intelligence and asset-based functionality.
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