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Application Updates: Cut Time & Cut Costs, Without Cutting Corners

As a lender, you are probably always looking for ways to reduce costs, without having to sacrifice quality. In a world where dealers tend to “shotgun” applications to every single lender, irrespective of their program guidelines (okay, not all lenders do this, but enough that your Look-to-Book ratio is probably bleeding a little), lenders are

E-signing…It IS worth it!

Every day, more and more companies are adopting e-signatures. It only makes sense when you consider the multitude of advantages to making the switch. You may be wondering what advantages I am talking about… Well, read on and wonder no longer!

Save on Bookout Costs? Don’t Mind if I Do!

Bookouts are an unavoidable cost for automotive lenders during the origination process. If lenders hope to protect themselves against extreme losses, it’s a sure bet they are pulling a bookout on a contract’s vehicle that they will potentially purchase. Whether it is during the underwriting process or the verifications process, this is an expense that

A BETTER Way to Contract

We’ve all been there… You fight tooth and nail for a deal, going above and beyond the program guidelines. You call the dealer asking them to send in the contract and after a few days, you still haven’t received it. Mr. Dealer promises that he sent it to you this morning.

Address Fraud: What can you do?

Sometimes fraud happens. Especially in subprime automotive lending. Most mistakes can be corrected easily when caught in time. But what about those mistakes that aren’t quite so innocent? What can lenders do to help prevent fraud from the very beginning?

Saving Money

Keep Your Money In Your Pocket It’s no secret that you have to spend money to make money. Although, sometimes it is nice to have more budget-friendly ways to accomplish what is typically an expensive endeavor.