interactive infographic: elend solutions - experience the future of automotive finance
Financing
Opportunity #5:
Today, the current loan aggregator model requires you to set the consumer's vehicle purchase contract APR and then shotgun the credit application to multiple lenders, hoping that the lender's "black box" returns a matching decision. This all can result in costly lender rehashing, deal unwinds, potentially discriminatory lending practices, and a time-consuming headache for customers, dealers, and lenders.
What if a loan decision engine existed that mastered the intense complexities of multiple lenders' loan parameters and rules while still retaining the ability to forward the application to traditional electronic loan aggregators?
eLEND Solutions' rules-based loan decision engine gives you electronic access to your lender loan terms and program decision policies – ensuring efficiencies, cost savings, and an accelerated sales process. No longer does the F&I manager need to shotgun terms to multiple lenders and have to wait on financing decisions.
Result: With the F&I guesswork eliminated – so are loan rewrites, resigns, and unwinds. F&I managers are then freed up to handle more deliveries, sell profitable F&I products, and allow for productive Lender/Dealer relationship time.
