Credit Unions and banks can now set up an indirect sales channel with automotive dealers utilizing Amer-Info. CAPTURE more auto loans at the dealership with automated decisioning, live queue management, sub-prime reporting and automated letters. ANSWER the demands of today's changing automotive market.
Why Indirect Lending?With a saturated market, it is import to stay ahead of the game. Many institutions are finding that indirect lending offers a new avenue of growth. Loans originating from this process are growing in number while other programs are seeing a steady decline.
- Indirect Loans increasing at a rate of 6% annually
- Double the market share based on current trends
- Direct Loans are decreasing at a rate of 4% annually
What is indirect lending?Indirect lending allows your business to utilize this site at the point of sale and perform credit decisions instantly. Queue management allows for your organization to interact with multiple finance institutions to offer a suitable loan to any buyer. With this process, most businesses have seen an increase in market share and experienced little loss of loans or assets found with conventional programs.
How will this eliminate gray areas?Gray areas can be referred to your credit analyst for review. At this point, additional reports may be requested to better assess risk. Then, after the analyst has assigned a decision it is routed back to the dealer automatically.
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