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 any risk-adverse lender is stuck with.
Jacksonville, FL: Today, LAUNCHER.SOLUTIONS (“Launcher”), a technology provider specializing in loan originations, announced the release of its new product offering, appTRAKER launchPAD. launchPAD is a loan origination system packaged with all of the essential features necessary to propel startups and small lenders off the ground.
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.
Jacksonville, FL: LAUNCHER.SOLUTIONS (Launcher) announced today a new platform, appTRAKER Loan Origination System Direct (LOS DIRECT), geared towards the direct consumer lending market. appTRAKER Loan Origination System Direct (LOS DIRECT) will allow lenders and loan applicants the ability to work together in a secure online environment.