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Taking a More Integrated Approach to Streamlining Loan Processes
2013-01-14 04:09:20| AutomotiveDigest.com - Automotive Industry News
With the changing economy, dealers and their F&I departments have the task of analyzing higher volumes of buyer information daily. Because the data comes from application, closing and payment transactions, were encouraging clients to take a more integrated approach. In other words, we recommend auto lenders more tightly integrate their loan origination system with their servicing platform. Not only does this mean that all the analytical informationis created in one database and stays in one database, but this approach also provides greater insight about the buyers credit worthiness and behavior. Our clients are recognizing that buyer behavior has a huge effect on how they provide financing. And theyre looking to us as a technology provider to evaluate whats going on relative to buyer expectations and translate those trends into system functionality. Keep reading as Kevin Collins, President, Lending Solutions, Fiserv shares more...
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Category:Automotive