Westlake's third securitization of subprime auto loans of the year is characteriized by loans to stronger borrowers than any of the sponsor's transactions to date, according to Standard & Poor's.

The pool of collateral for Westlake's Series 2015-3 has a weighted average (WA)FICO of 604, up from 587 in the prevoius deal; the percentage of platinum loans ( Westlake's top tier loan product) increased to 7.65% from 4.19%; and the percentage of borrowers in the gold program increased to 35.34% from 30.97%. As a result, the WA score for Westlake's proprietary scoring model increasing to 2.58 from 2.47. 

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