Northteq, a company in automated loan origination solutions, helped LBX Capital, the financing arm of LBX Company, transform its credit operations using the Aurora platform. This implementation has led to a 311% increase in financed units, a 264% rise in applications and a 275% growth in contracts from December 2023 to December 2024.
“Before Aurora, our credit approval process involved hundreds of emails and hours of coordination just to move a batch of contracts forward. Now, we can process and score applications in just seven minutes, giving dealers real-time decisions in minutes, not hours,” Tim Logan, general manager of LBX Capital, said. “Implementing Aurora saved us time and allowed us to manage more business in a short timeframe without delays for our dealers. With this level of automation, we’ve strengthened dealer confidence and laid the groundwork for long-term, sustainable growth.”
Building on this success, LBX Capital plans to expand its dealer network throughout 2025 while developing a dedicated dealer portal designed to enhance security and make it easier to track applications.
“Aurora’s out-of-the-box automation allows our clients to take on more without compromising service quality,” Kristian Dolan, CEO of Northteq, said. “LBX’s success proves that even small process improvements can deliver big rewards — not only through stronger relationships with dealers and borrowers, but significant growth to the bottom line.”
